THE SPEAKEASY
FEATURED PROPERTIES
Purchase Price:
$590,000
Unit Count:
4 (Retail/ Apts)
Location:
Jerome, AZ
Stabilized Cash on Cash Return:
18%
Purchased in November 2021, this historic building in Jerome, AZ had been long neglected. Now, it’s undergoing a careful transformation into a boutique destination that reflects the town’s charm and character.
PROJECTED RETURNS:
At the time of purchase, the building included two vacant apartment units, one retail space preparing to close, and a successful ground-level retail tenant. The vision was to revitalize this neglected piece of Jerome’s history by transforming it into three high-quality short-term rental units—filling a clear gap in a market with strong demand but limited quality options. Just four months after acquisition, the property welcomed its first guests. Since then, it has proven to be both a strong investment and a meaningful contribution to the revitalization of Jerome’s Main Street.
UNLEVERED YIELD ON COST:
12%
LEVERED IRR:
18%
EQUITY MULTIPLE:
2x+
BUSINESS PLAN
AFTER
BEFORE
AFTER
BEFORE
