INVESTMENT OVERVIEW

Casa Carranza is a 272-unit garden style apartment community located in the city of Mesa, Arizona.  Located a half block south of the Red Mountain Freeway, the subject property is just minutes from Arizona State University, Mesa Community College, Fiesta Mall, Mesa Lutheran Hospital and the Sky Harbor International Airport. 

Built in 1979, this garden-style community offers a convenient mix of 104 studios, 166 one-bedroom/one bath and two, two-bedroom/two bath units.  Community amenities include two sparkling swimming pools, tennis courts, volleyball courts, laundry room, barbecue areas, ramadas with lush landscaping and a dedicated leasing office.  Interior amenities include dishwasher, frost-free refrigerator and electric ranges.

This unique apartment investment enables a buyer to take advantage of a tremendously stable neighborhood at below market prices.  Rents and occupancy are continuing to improve and coupled with the ability to secure long-term fixed rate financing, will make this an excellent addition to an investment portfolio.  This property is one of three complexes within a 924-unit portfolio and available for $41,350,000 as a portfolio or individually.