top of page
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
bottom of page