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Enchanted Village

Mesa, AZ

About this property

Enchanted Village is a 16 unit garden style apartment building in the heart of Mesa. Located in the Escobedo Historical District just a stones throw away from downtown Mesa, this building sits in a prime revitalized area of Mesa. The building consists of 16 two-bedroom units. Our renovation plan is to completely renovate all 16 units with new flooring, cabinets, hardware and washers / dryers in every unit. The building will be transformed from a C class asset into a B+ class asset generating strong cash flow and IRR for investors.

No. of Units

16

Key Metrics

Projected IRR: 17.7%

Equity Multiple: 2.1x

Purchase Date

November 30th, 2021

Hold Period

5 Years

Acquisition Price

$3,088,000

Year Built

1980