Venture on 16th

Venture on 16th

Acquisition

 

8% Preferred Return
5+% Annual Cash Distribution
20+% Target AAR
$50,000 Minimum Investment
3 Yrs Hold Period
$3,000,000 Target Raise
Fully Funded – No Longer Accepting Investments

Strategic Partnership HSK Capital is pleased to offer Venture on 16th, an exclusive multifamily investment opportunity made available through a strategic partnership with Neighborhood Ventures, a Phoenix-based operator with a strong local track record.

Venture on 16th is an 86-unit, fully renovated multifamily community located in the highly desirable Biltmore/Camelback Corridor of Central Phoenix. The property is being acquired through a pre-foreclosure, short sale, transaction at a discounted basis, creating immediate cash flow and attractive upside potential.

We have provided an Investor Overview deck that includes great detail about this project and investment. To access this deck, click on the "Deal Deck" under Documents.

Important Disclosures

Before making any investment decision, prospective investors should review the formal offering documents provided in the Documents section of this page. Only the information contained in the formal offering documents should be relied upon in evaluating this inve

Investment Overview
Target AAR 20+%
Maximum Offering $3,000,000
Target Term 3 Years
Investment Purpose & Strategy

Invest in Venture on 16th to support the acquisition and operation of the asset. Our business plan includes three years of in-house property management to bring rents to market levels—currently approximately 9% below market. The asset is projected for exit in year three at a 5.25% cap rate, with an estimated value of $26.5 million.

Forward-Looking Statements

These statements are subject to risks and uncertainties, including market conditions, interest rate fluctuations, and tenant demand. While we make assumptions based on current trends, actual results may differ materially. Investors should review all risk factors before committing capital.

"Venture on 16th LLC presents a rare opportunity to acquire a fully renovated multifamily asset in Phoenix's premier Biltmore/Camelback Corridor."

• Purchasing for $19,500,000 ($226,744/unit) in a short sale. Previous owner has approximately $21.5M in debt remaining.

• Originally acquired in 2022 for $26.65M; property underwent a $3M renovation and now offers turn-key operations.

• 86-unit multifamily property at 6315 N 16th St, Phoenix. Spacious 2-bed/2-bath layouts averaging 930 sq ft. Current occupancy is 94%.

• Amenities: Resort-style pool, fitness center, BBQ gazebo, and modern interiors with quartz counters and stainless appliances.

• Neighborhood Ventures (Est. 2018) features 21 successful offerings and 9 exits, with an average 37% Project Level IRR.

Financing Secured

5.39% Loan | 71% LTV ($13.75M) — 3 yrs Interest Only

The Neighborhood

Dining: Minutes from The Henry, Flower Child, Biltmore Fashion Park, and Pizzeria Bianco.

Shopping & Access: Biltmore Fashion Park, Town & Country retail. Easy access to SR-51 and Camelback Corridor.

Recreation: Arizona Biltmore Resort, Wrigley Mansion, golf, and hiking trails.

Investment Strategy

Acquisition Basis

Acquisition for $19,500,000 ($226,744/unit) in a short sale. Recently renovated community in a high-demand Phoenix corridor.

Operational Excellence

Three years of in-house property management, bringing rents to market (currently ~9% below market). Disciplined asset management focus.

Strategic Exit

Projected sale in year three at 5.25% cap rate, estimated exit value approximately $26.5 million.

Market Upside Analysis

• Current rents below Phoenix market averages. Two-bedroom units averaging $1,484 vs. market $1,549.

• Pricing gap supports high occupancy and tenant retention with modest rent increases.

Unit Type Current Proforma Growth
2 Bed / 2 Bath $1,484 $1,549 4%
3 Bed / 2 Bath $1,800 $1,849 3%
3 Bed / 3 Bath $1,895 $1,995 5%
Weighted Avg $1,854 $1,923 4%
2017

Founded

21

Projects Completed

9

Successful Exits

15K+

Individual Investors

37%

Avg Project IRR

Key Highlights

  • Pre-foreclosure Purchase: Acquired at $19.5M, representing a ~30% discount to the prior owner's ~$30M cost basis
  • Fully Renovated: ~$3M in renovations completed between 2020–2024, including interiors, systems, and common areas
  • Prime Location: Phoenix's Biltmore/Camelback Corridor with strong demographics and limited new supply
  • Stabilized Operations: 94% occupied at acquisition with immediate in-place cash flow
  • Upside Potential: In-place rents below market, supporting rent growth through renewals
  • Experienced Local Operator: Neighborhood Ventures—Phoenix-based operator with 21 acquisitions and 9 successful exits

Documents

Questions? Contact [email protected]

Questions?

For questions about this completed offering, contact our team.

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