Holiday Park Portfolio

JLL is pleased to introduce the Holiday Park Portfolio, a 24-unit apartment portfolio located in Scottsdale, Arizona. The Opportunity consists of four buildings spread across four unique parcels, three 4-plexes side-by-side with one 12-unit building on 66th Place around the corner. The buildings were built between 1958-1969 and sit on a combined 1.02 acres.

Holiday Park contains 100% affordable units, with the affordability component falling off in years 1 & 2, leaving future ownership the opportunity to convert 100% of the unit mix to market rate rents. Additionally, 100% of the unit mix is unrenovated, creating upside to upgrade the countertops, cabinetry, hardware, flooring, lighting, etc. and further bolster rents. The combination of the forthcoming market rent conversion along with potential unit renovations provides an opportunity to heavily grow NOI and achieve outsized IRR returns.

Holiday Park Portfolio is located in the high performing South Scottsdale submarket, within close proximity to exciting amenities and nearby employment options with Old Town Scottsdale one mile away, and Arizona Country club within 1.1 miles.