Investment 62 CONDO Portfolio bulk offering of sixty-two condominiums provides an investor with a high occupancy, fee simple condo home bulk package with low HOA fees. The current average monthly rent is approximately $1,029 per month, or $0.99 PSF; slightly below submarket average of $1,100, or $1.06 PSF. In most cases, the regional submarket rents have not yet reached their pre-recession highs. At $1,029 per month, current rents are still about 9% below the sub-market average; however, demand significantly increased following the recession and rent growth was grown. Asking rents are predicted to reach their prerecession highs again in 2016 as demand for rental units continues to climb. With absorption forecast to hold steady through 2019, average rent growth is projected to be among the strongest in the metro area.

Location Description:

The Investment 62 CONDO Portfolio at Riverview Park Condominiums is located at the southeast corner of Dobson Rd & Rio Salado Pkwy, across the street from the new Mesa Cubs Riverview Park and Cubs Stadium in Mesa, AZ.

Highlights:

>> Investor Value-Add Upside

>> 1 & 2 Level Fee Simple Condominiums

>> 62 Condo

Sales Info:

>> Commision split: 50.0%