This property is Off-Market

925 S. Longmore
Mesa, AZ 85202 ·

26 Units · Multifamily For Sale

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Fiesta Villas Condominiums

Price N/A Property Sub-type Garden/Low-Rise
No. Units 26 Property Use Type Investment
Building Size 27,000 SF Cap Rate 9.60%
Property Type Multifamily Occupancy 95%
Listing ID: 16918067 Date Created: 11/16/2010 Last Updated: 02/25/2011

Description

52 Unit Gated Community. Developer sold 26 units at an average sales price of $165,000. This offer is for a 50% partnership ownership in the remaining 26 units for $130,000 cash ($5,000/unit) and the assumpation of a $2,000,000 loan ($77,000/unit). No qualiying or personal liability on assumption. Hands on management by the origianl developer who would be your partner in this investment. All units are 2 bed/2 bath and have been fully renovated.

Located on Longmore just north of Southern and the Fiesta Mall, Mesa Community College and Banner Medical Center. Less than 10 minutes to Loop #101 and Arizona State University. Less than 15 minutes to Sky Harbor International Airport and Old Town Scottsdale. Great location! Gorgeous complex! Professionally managed! Lots & lots of potential for huge returns on resales when real estate markets improve. In the meantime, projected ROI 9.6%.

Highlights

  • Lots & lots of potential for huge return!
  • Great location
  • Professionally managed

Research

925 S. Longmore, Mesa, AZ 85202 (Maricopa County)

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