Tommy Dobczyk breaks down how city annexation typically boosts apartment values by 10% to 15% through added services. He points to recent Tempe Towne Lake sales data as proof of the valuation jump.
Are you ready to run this deal?
City property raises the value of every unit in that apartment somewhere between 10% and 15%. Right. So to actually have all city services and have city taxes and have city annexation raises the value of that. It's pretty, pretty much, you know, pretty high.
I love it. It's pulling up Tempe Towne Lake apartment sales data.
Yep. Yep.
Because there's been a ton of growth in that area.
And, and yeah, so you can see right there, right, you know, they're looking at $500 to $600 a square foot. So right there, Skywater at Tempe Towne Lake, 328 units sold for $112 million. That's $340,000 per. So we're at about $340,000 per, right? So with a conservative underwriting on $150, we're looking at about a $50 million. The middle and then the premium luxury is going to be about $63
Mind-Blowing Phone Farms Explained: Unlock Social Media Growth Secrets! #shorts
Planning Secret Investor Retreats with Prism Jets: The Ultimate Networking Hack! #shorts
