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Casa Carranza is a 272 unit garden-style apartment community built on 7.5 acres of land in Mesa, Arizona. This property is located in a tremendously stable neighborhood at below-market prices.
Located one-half block south of the Red Mountain Freeway, the subject property is just minutes from Arizona State University, Mesa Community College, Fiesta Mall, Desert Samaritan Hospital and 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, ramadas with lush landscaping and a dedicated leasing office. Interior amenities include dishwashers, frost-free refrigerators, electric ranges and walk-in-closets
This unique apartment investment will enable an investor to take advantage of potential leverage with a low down payment. The approximate loan balance is $8,512,755 at 6.16 percent due in 2016.
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