Decco 109 (previous disposition) is a 40-unit multifamily apartment complex located in the Tempe submarket, widely regarded as one of the strongest submarkets in the Phoenix MSA, and is situated directly south of Arizona State University’s main campus and only minutes from the Light Rail. We knew that a strong mechanical and electrical renovation program would greatly improve efficiencies at the property, as well as resident satisfaction, while simultaneously adding significant overall value on the exit.
Our full business plan included exterior painting and various improvements to the exterior façade, upgrading the exterior signage and lighting, upgrading the pool area, adding a barbeque and seating area, adding green scaping and community games, adding an exterior mural that was painted by a local artist, converting from master metering to individual metering, removing the old chiller system and adding individual HVACs, and adding individual washers and dryers in the units.