This property is Off-Market
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
925 S. Longmore, Mesa, AZ 85202 (Maricopa County)
Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property
Mesa Market Trends - Asking price index trends, sale price trends, asking rent trends
Demographics - Review demographics in this neighborhood
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.