925 S. Longmore
Mesa, AZ 85202 ·
26 Units · Multifamily For Sale
Fiesta Villas Condominiums
|No. Units||26||Property Use Type||Investment|
|Building Size||27,000 SF||Cap Rate||9.60%|
|Listing ID: 16918067||Date Created: 11/16/2010||Last Updated: 02/25/2011|
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%.
- Lots & lots of potential for huge return!
- Great location
- Professionally managed
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