Roosevelt 44 | Phoenix, AZ
A High-Upside, 44-Unit Opportunity in Central Phoenix Vacant at Close. Seller-Financed. Infill Location.
Now raising equity for renovation, lease-up, and long-term hold or strategic exit.
The Opportunity
Roosevelt 44 is a 100% vacant, off-market multifamily project in Central Phoenix—acquired with seller financing, minimal capital outlay, and significant upside potential. With 44 units across studios, 1BRs, and 2BRs, this property sits at the intersection of rising demand, suppressed supply, and massive value-add potential.
We secured it directly from a repeat seller, with only $150K down, zero tenants on site, and full control over timeline, renovation scope, and lease-up. It’s a clean slate—and the timing couldn’t be better.
Deal Snapshot
2202 Roosevelt St, Phoenix, AZ
Units: 44 (Studios, 1BR, 2BR)
Purchase Price: $3,500,000
Down Payment: $150,000 (4.3%)
Seller Financing: $3.35M at 7% I/O, 5 years + 1-year extension
Total Capital Required: $1.5M–$2.0M
Projected Stabilized Value: $6.0M–$6.5M
Exit: Refinance or sale within 12–24 months
Projected IRR: 18%–22%
Proposed Equity Split: 60/40 to investor
Why We Love This Deal
This deal checks every box:
Price Point: ~$80K/door in a prime infill corridor.
Control: 100% vacant = zero tenant delays.
Financing: Flexible seller carry, no PG, no prepay penalty.
Expansion Potential: Architect evaluating 1–2 bonus units from common areas
Exit Options: Refi or sale depending on market, post-stabilization.
You're not buying into someone else's mistakes—you’re stepping into a blank slate, with a clear path to value.
Why Phoenix, Why Now
Phoenix isn’t just growing—it’s rebounding.
Smart, Strategic Growth: Multiplying wealth through a portfolio of strategic, high-impact investments.
Proven Experience, Real Outcomes: Hands-on investing with a track record of success.
Designed for Long-Term Stability: We strategize for consistent cash flow and sustainable wealth
Calculated, Purpose-Driven Acquisitions: Every move aligns with a strategic plan for growth.
Hands-Off Wealth Building: Grow your capital without adding to your workload.
Roosevelt sits in a walkable infill corridor, minutes from downtown and key medical/employment hubs. We’re entering at the perfect moment—just before the next wave of compression.
The Business Plan
Renovate. Lease. Refinance. Scale.
Renovate all 44 units with modern finishes, efficient systems, and consistent branding
Explore addition of 1–2 units via common area conversion
Lease to workforce renters, healthcare staff, and young professionals
Stabilize within 12–18 months
Execute refinance or sale with zero prepayment penalty
Why Partner with Asset Stream
Vertically integrated team: sourcing, construction, asset management
Proven operators with 20+ projects and 7 infinite return deals
Skin in the game: we only win when you do
Aligned JV structure: 60/40 split, no promote until capital is returned
Hands-off execution with full transparency
You're not just writing a check—you’re co-owning a deal with real control and real alignment.
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WHAT OUR INVESTORS SAY
As an investor with Asset Stream Properties, I am never worried at any point and can trust that my investment is being well taken care of. Pete always does what he says he is going to do and keeps people informed.
I have known Pete for years and have seen that he is always on top of things. In the first year of my investment, it is already producing strong returns and the value of the property has gone up significantly. Pete is cautious and analyzes deals with care - he has a gift for seeing what a property could be with small upgrades that make the property significantly more cashflow positive.
What I have appreciated about this journey is that Pete is an expert in what he does, but I always feel like a part of the decision making process without having to be hands on.
Michael Burke
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