Axberg Homes AZ, LLC is seeking to acquire a parcel of land in the Prescott Central Corridor, consisting of approximately 10.5 acres (+/-).

​

We plan to build 20 single-family homes, each approximately 1,500 sq. ft. Our design permits the construction of two-story luxury homes, featuring 3 bedrooms, 2.5 bathrooms, and double garages.

​

After evaluating the area and reviewing comparable properties, we have determined that this size and floor plan will be ideal for this location. The design emphasizes a contemporary, urban feel that complements downtown living, catering to high-performing professionals, younger employees, and starter families. Additionally, it meets the growing demand for secure parking at residences, which is currently a rare offering in Prescott. This approach ensures we will produce a highly attractive and lucrative product for potential buyers, leading to a fast return on investment.

​

Currently, there is a significant shortage of housing and a high demand for residences in Downtown Prescott, particularly from individuals employed in the business district. Upon the close of escrow, we will initiate the engineering and design phase, expected to take approximately six months to complete. Construction of the improvements and model homes will begin at that time. This property also includes a small section of commercial property that we will develop as part of Phase II.

​

The investor will be in a first lien position on the project. Axberg Homes AZ, LLC will direct the title company to pay back 100% of the profits directly to the investor group from each closing, after deducting the costs of construction loans, fees, closing costs, and commissions. Axberg Homes AZ, LLC will receive a 10% fee of hard costs to cover salaries and overhead. No other funds will be distributed to Axberg Homes AZ, LLC until the investor is fully paid back for the total capital invested. After the investor is paid back 100%, 50% of all remaining profits will go to the investor group, with the remaining 50% going to Axberg Homes AZ, LLC.

Investors should expect to receive 100% of their capital back within approximately 24 months from the close of escrow, following the sale of the first six homes. This will provide the investor with an attractive annual rate of return on their invested capital.

​

Note: Investors must provide 100% of the required capital and retain their own CPA to monitor all funds invested on their behalf. The land will be held in the investors' name, and all distributions will be processed through the title company. Axberg Homes AZ, LLC will have an exclusive contract with the investor group for the construction and marketing of the project. After all capital is returned, profits will be split between the investor group and Axberg Homes AZ, LLC.

​

This development also presents a lucrative opportunity for residential rentals, based on current market cap rates for rental properties.

​

For more information, please call: 503-347-4755