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REAL ESTATE INVESTMENT - Connect on Union Apartments

Dan Wurtele

Living in Vancouver for the past 21 years it has been exciting to watch it grow into one of the most desirable cities in the world...

Living in Vancouver for the past 21 years it has been exciting to watch it grow into one of the most desirable cities in the world...

Feb 7 3 minutes read

Connect on Union is Western Wealth Capital's 40th acquisition, and presents an opportunity to double your equity by investing in a cash-flowing property in North America's strongest real estate market. 

Western Wealth Capital believes investors in Connect on Union could realize annualized returns as high as 19% and up to 99% of equity returned within four years.

INVESTMENT HIGHLIGHTS

  • 200,000+ jobs within 20-minute drive of the property in four of Metro Phoenix's premier employment districts
  • Prime location in between three major freeways
  • Connect on Union is located on the strongest rental corridor in North Phoenix
  • Consistently high occupancy rates due to the high level of renters in this submarket (50% are renters).
  • Units at Connect on Union feature their original 1980's interior fittings.
  • This makes the property an ideal candidate for Western Wealth Capital's value-add program:
  • Western Wealth Capital plans to complete interior upgrades to 88 of the 146 units over two years and we have modeled a projected $85 per month per unit increase in rental income for upgraded units.
  • These Gold Star Interior upgrades have the potential to increase the value of the asset by approximately $1.7 million.
  • We plan to install washer/ dryers in 133 of the 146 units at Connect on Union and have modeled a projected $50 per month per unit increase in rental income for upgrades units.
  • These washer/ dryer installations have the potential to increase the value of the asset by approximately $1.6 million.

  • Rents at Connect on Union are 20% below the immediate competitive set average, and are positioned for substantial rent increases.
  • The current owners are operating with significant disparity between rents of like-units across the property. Western Wealth Capital intends to reduce that disparity using our proven lease management approach. 
  • These actions have the potential to increase the value of the asset by approximately $4.1 million, simply by normalizing and bringing rents to market.
  • Previous owners at Connect on Union recently invested significantly in property amenity and common area upgrades.
  • This means that we can focus our investment on the implementation of our Gold Star interior upgrades and washer/ dryer installations.

Join Us for More Information: Wine & Cheese Reception

Please join us for a wine & cheese reception at our offices on Tuesday, February 13th. This is a great opportunity to learn more about Connect on Union, our future investment plans, to meet some of our team and investors, and to learn more about Western Wealth Capital's value-add system.

Email Me To Reserve Your Spot

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