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Mountain View Condos

Mesa, AZ

About this property

Located in Mesa AZ, the subject property provides investors a compelling opportunity to acquire a value-add property in a fast-growing Phoenix submarket. Situated 15 minutes outside of Scottsdale, Tempe and Chandler, Mesa is a rapidly developing submarket within the greater Phoenix area. The property is located within close proximity to the 202 freeway and the Valley Metro light rail station, offering an easy commute to most areas of metro Phoenix.

No. of Units

30

Key Metrics

Projected IRR: 15.2%

Equity Multiple: 1.9x

Purchase Date

May 27th, 2022

Hold Period

5 Years

Acquisition Price

$7,750,000

Year Built

1973

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