Current Shefflin Investment, LLC Holdings

Being Held for Cash-Flow and Growth


  • Aspen Townhomes

  • Aspen Townhomes

  • Aspen Townhomes

  • Aspen Townhomes

  • Aspen Townhomes

Aspen Townhomes

76 Unit Townhouse Complex
Colorado Spring Colorado

Acquired in 1992 for $1,450,000

Market value is estimated at approximately $6,000,000. This property was attractive for acquisitions because of the large unit size, including each unit having full basements. Over the years significant improvements have been made to unit interiors, office upgrade, playgrounds, exterior appearance, re-roofing and asphalt upgrades. Aspen Town Homes is proud to present clean workforce housing to Colorado Springs. Amenities include a sparkling pool and play areas.

Aspen Townhomes Website

Before & After Renovation Photos

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

  • Broadmoor Springs

Broadmoor Springs

78 Unit Apartment Complex
Colorado Spring Colorado
Acquired in June of 2013 for $5,200,000

Market Value (6/18) is estimated at $12,000,000.00. Shefflin Investments identified the property for a 1031 Exchange due to its below-market rents, spacious unit mix, low density and its superior location near the Broadmoor Hotel and Cheyenne Mountain Convention Center.

Improvements to date include business office expansion and makeover, renaming the property, adding a dramatic new entry sign, landscaping, upgrade unit interiors. These improvements have resulted in increased rental income of 25% – 30%. All apartments have large patios or balconies, and most have spectacular mountain or open space views. The top floor units have skylights in the kitchen and living areas.

Broadmoor Springs Website

Before & After Renovation Photos

  • Montecito Apartments

  • Montecito Apartments

  • Montecito Apartments

  • Montecito Apartments

  • Montecito Apartments

  • Montecito Apartments

  • Montecito Apartments

Montecito Apartments

168 Unit Apartment Complex
Colorado Spring Colorado
Acquired in June of 2014 for $5,900,000

Market value (6/18) was estimated at $19,000,000.00. Shefflin Investment identified this severely neglected and under-rented apartment complex for a 1031. Montecito became a target property because of out specific market knowledge of how the property could be improved and rental structure increased. Joel Shefflin demonstrated his market financial capabilities by acquiring a $5,900,000 combination acquisition and rehabilitation loan from Greystone Financial. We have accomplished all proposed upgrades affording us the ability to increase rental income 25% – 50% on unit turnovers.

Montecito Apartments Website

Before & After Renovation Photos

  • Southern Highlands

  • Southern Highlands

  • Southern Highlands

  • Southern Highlands

  • Southern Highlands

Southern Highlands

151 Unit Senior Apartment Complex
San Diego, CA
Acquired in January 2016 for $14,750,00.

Prior to our ownership, Southern Highlands was a failed assisted living facility converted to a 55+ Seniors Apartment. The previous owners did some partial upgrades leaving the majority of work up to our ownership group. We have upgraded all common areas with paint, carpet, and new furnishings. We installed a commercial quality, sparkling laundry facility.
Before purchase rents ranged from $700-$875 per month. Currently, the range is $950-$1150. Community fees are close to $11,000 per month. Occupancy remains at 98%.
In the Summer of 2016, we purchased a combined co-generation and solar array machine that produces electricity in house. We are currently producing over 60% of our electrical power consumption in house, off the grid, and significantly reducing operating costs.

Southern Highlands Website


  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

  • Dunlap Falls

Dunlap Falls Apartments

288 Unit Apartment Complex
Phoenix, AZ
Acquired in October 2017 for $22,600,000

We purchased the property substantially upgraded from a local group that bought it from a bank several years prior. Acquisition financing of $18,080,000 (80%) was from Freddie Mac at 4.16% fixed for 10 years, 5 years of I.O.

Our business plan includes upgrade of rental interiors to raise rents, finish needed capital upgrades, and capture the “loss to lease” of about $120,000 annually.

Dunlap Falls Apartments Website


  • Studio 710

  • Studio 710

  • Studio 710

  • Studio 710

  • Studio 710

Studio 710 Apartments

239 Unit Apartment Complex
Tempe, AZ
Acquired in December 2018 for $30,167,000

Constructed in 1975 and situated in Tempe, one of Phoenix’s most dynamic submarkets. The prime location is within walking distance of Arizona State University, Metro Light Rail. This area is a High-Tech Hub with over 80 tech companies currently and growing.

The previous ownership completed an extensive exterior renovation, including pool & gym upgrades as well as new public space amenities (outdoor jogging track, bocce ball courts, fire pits, hammocks and BBQ areas. The exterior renovation gives the Property a true resort-like feel, appealing to Tempe’s largely younger tenant demographic.

Studio 710 Apartments Website


  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

  • The Wexler

The Wexler Apartments

239 Unit Apartment Complex
Phoenix, AZ (Historic Midtown)
Acquired in January 2019 for $30,985,000

Constructed in 1949 and extensively renovated in 2016-2018. Our plan includes updating 190 “upgraded” units to “premium” level finishes (granite/quartz kitchen countertops, tile backsplash in kitchens, stainless steel appliances, new bathroom fixtures & quartz vanities etc.). The updated pool area is a true focal point of the property.

The Property will offer potential tenants updated & unique mid-century modern accents with smaller units at a 22%-33% gross dollar rental discount versus newer competitive product. This strategy has already been proven out with the Property’s recently renovated units.

The Wexler Apartments Website

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