2550 W Hazelwood St., Phoenix, AZ 85017

This investment offering includes one single family house (two bedrooms, one den and one bathroom) and the Carole Arms apartments, a 44-unit garden-style apartment community located in a nice neighborhood due south of the rapidly growing Grand Canyon University on Camelback Road. While the house was originally constructed in the 1950's, the apartment complex was originally constructed in 1985 and has undergone several rounds of upgrades and improvements over the years. The apartment complex includes a strong unit mix with 55% two bedroom and 45% one bedroom units. Each unit has individual meters for electricity and individual roof-mounted HVAC units. The apartment property is comprised of three large residential buildings (two levels) and one building for the office and laundry center. The