top of page
Town & Country
Mesa, AZ
About this property
Town & Country is a 19 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 14 one-bedroom and 5 two-bedroom units. Our renovation plan is to completely renovate all 19 units with new flooring, cabinets, hardware and washers / dryers in every unit. We will also be converting 2 of the one-bedroom units into two-bedroom floor plans. 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
19
Key Metrics
Projected IRR: 17.7%
Equity Multiple: 2.1x
Purchase Date
November 30th, 2021
Hold Period
5 Years
Acquisition Price
$3,667,000
Year Built
1960
bottom of page