HighPoint
Rare For Rent Condo Sale Opportunity in San Diego
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Monte Vista Apartments
1709 W Mountain View Rd · Phoenix, Arizona 85021
A 100%-occupied, 16-unit 1985 community in North Phoenix — acquired below ask at $140,625 per unit, with a proven, evidenced path to $1,395 rents.
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Download the investment deck for full financials, rent roll, and property details.
WHY?
Monte Vista Apartments
Davidson Capital Group is acquiring Monte Vista Apartments — a 16-unit, all two-bedroom community built in 1985 at 1709 W Mountain View Rd in North Phoenix — for $2,250,000 ($140,625 per unit), a discount to the $2.49M ask. The asset is 100% occupied with strong day-one coverage, and the return is driven by the below-market basis, in-place cash flow, and a defined value-add reset to the proven $1,395 renovated-unit rent, supported by a $180K renovation budget that includes new roofs. The plan is capitalized with roughly $1.00M of equity and conservative debt at 70% LTV, interest-only, over a five-year hold with a year-five sale at a 6.0% exit cap.
WHY?
Monte Vista
Davidson Capital Group is acquiring Monte Vista Apartments — a 16-unit, all two-bedroom community built in 1985 at 1709 W Mountain View Rd in North Phoenix — for $2,250,000 ($140,625 per unit), a discount to the $2.49M ask. The asset is 100% occupied with strong day-one coverage, and the return is driven by the below-market basis, in-place cash flow, and a defined value-add reset to the proven $1,395 renovated-unit rent, supported by a $180K renovation budget that includes new roofs. The plan is capitalized with roughly $1.00M of equity and conservative debt at 70% LTV, interest-only, over a five-year hold with a year-five sale at a 6.0% exit cap.
Want to learn more?
Schedule a call with our team at your convenience.
HIGHLIGHTS
PROPERTY
Description
A 16-unit, all two-bedroom community of ~760 SF flats across two 1985 buildings in the North Mountain / Sunnyslope submarket of Phoenix. 100% occupied, income-first, with an evidenced path to $1,395 renovated rents.
Unit Mix
16 two-bedroom, one-bath flats — all ~760 SF — 100% occupied at an in-place average of roughly $1,093/month, with a proven renovated rent of $1,395.
Property Layout
Two two-story 1985 garden buildings totaling 12,160 SF, all two-bedroom flats — renovated interiors feature tile and wood-plank floors with updated kitchens.
Features
Key attributes of the asset include: 100% occupied at acquisition · Acquired below ask at $140,625/unit · Below two same-street 16-unit comps ($170K–$172K/unit) · Proven $1,395 renovated-unit rent · $180K renovation budget including new roofs · Minutes from I-17 and the $850M Metrocenter redevelopment
PROPERTY
HIGHLIGHTS
Description
Spread over nearly 2 acres, HighPoint comprises 50 Units, a gated entrance, central location to major employers, Navy freeways and more.
Unit Mix
The property offers a total of
50 units, containing 70% 2bedroom units, 28%
1bedroom and 2% three-bedroom units. There is a mix of town home units and flats.
Condo Map
Originally built as a 50 unit condo complex in 1982, complete with individual water and utility hookups, washer/dryer installations, and a condo map with 50 individual APNs.
Features
The complex features and highpoint bluff living, secure gated access, garages, storage and quick access to freeways and employers.
INVESTMENT
OPPORTUNITY
Holding Period:
A five-year hold on a 100%-occupied 1985 community in North Phoenix, with a defined value-add reset to proven market rents. Income first, with a year-five sale at a 6.0% exit cap. 5 years.
Capital Raise:
$1,002,825 of total equity presenting investors with the opportunity to participate in a below-basis, income-producing asset with a proven, evidenced rent upside.
Construction Quality:
Built in 1985, the property features two two-story garden buildings with renovated interiors — tile and wood-plank floors and updated kitchens — with a $180K renovation budget that includes new roofs.
INVESTMENT
OPPORTUNITY
Holding Period:
The anticipated holding period is 18 to 24 months, allowing for 50 unit renovations and sales.
Capital Raise:
The General Partners seek to secure $4.5-5 million in equity to complete the project, enabling the development to move forward successfully.
Construction Loan:
The General Partners plan to secure $17-$18M in acquisition and renovation loan construction. Loan terms TBD, but are expected at SOFR + 570 or approx. 10-11%
Take-Out Loan Summary:
Upon renovation of the units, we will sell them to end users. By utilizing our in-house sales team and preferred lending partner, we anticipate VA and FHA financing as well as attractive 5% down condo financing.
Minimum Investment:
The minimum investment required is $50,000 per LP interest, with the General Partner reserving the right to accept smaller subscriptions at their discretion.
BUSINESS PLAN
OVERVIEW
Acquire a 100%-occupied, 16-unit 1985 community at $2,250,000 ($140,625/unit) — below the $2.49M ask.
Capitalize with ~$1.00M equity and conservative debt at 70% LTV, interest-only.
Renovate units toward the proven $1,395 rent, funded by a $180K budget that includes new roofs.
Grow NOI from a 7.1% going-in cap toward an 8.4% stabilized yield.
Exit via a year-five sale at a 6.0% cap rate.
Want to learn more?
Schedule a call with our team at your
convenience.
RETURN
STRUCTURE
Investment based on a $2,250,000 acquisition price ($140,625 per unit), with a 7.1% going-in cap rate stabilizing to an 8.4% yield as rents reach market.
A 6% preferred return, then a 75/25 LP/GP split of profits.
Projected returns: ~15.6% projected LP IRR and a 1.93x equity multiple over a five-year hold.
Professionally structured offering with detailed financials available upon request.
RETURN
STRUCTURE
LP preferred return options:
$50,000 - $99,000 investment - 8% preferred return$100,000 or more - 10% preferred return
LP Profit splits: Limited partners will receive 60% of the profits and cash distributions.
Projected returns: ROI 60% with annual rate of return projected at 30%.
24 month investment timeline.
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GET STARTED?
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our investor relations team to learn more.
Davidson Capital Group is a vertically integrated multifamily investment firm led by a team of seasoned industry experts. We combine institutional rigor with entrepreneurial agility, consistently implementing cutting-edge strategies for every asset we acquire. Our mission is to elevate the living experience for residents in each community within our portfolio, while prioritizing capital preservation for our investors. This disciplined approach has led to exceptional, full-cycle investor returns, making Davidson Capital Group a trusted partner for sophisticated investors seeking both stability and growth.
Address
1709 W Mountain View Rd, Phoenix, AZ 85021, USA
© 2026 Davidson Capital Group
This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM). This document or page is an informational summary of prospective investment opportunities only. The PPM and its exhibits contain complete information about the Property and the investment opportunity.
READY TO
GET STARTED?
Schedule a 1-on-1 call with a member of our investor relations team to learn more.
The Brennan Pohle Group Capital is a vertically integrated multifamily investment firm led by a team of seasoned industry experts. We combine institutional rigor with entrepreneurial agility, consistently implementing cutting-edge strategies for every asset we acquire. Our mission is to elevate the living experience for residents in each community within our portfolio, while prioritizing capital preservation for our investors. This disciplined approach has led to exceptional, full-cycle investor returns, making The Brennan Pohle Group Capital a trusted partner for sophisticated investors seeking both stability and growth.
Contact
HQ1:
2820 Camino Del Rio S #209
San Diego Ca 92108
HQ2:
Austin Texas
© 2024 Brennan Pohle Group LLC - Mailing: p.o. box 132 La Jolla CA 92038 | Join Our Free Deal Center. First look on deals.
This material does not constitute an offer or a solicitation to purchase securities. An offer can only be made by the Private Placement Memorandum (PPM). This document or page is an informational summary of prospective investment opportunities only. The PPM and its exhibits contain complete information about the Property and the investment opportunity.