THE OPPORTUNITY

1248 South Vineyard | Mesa, AZ 85210

Offered at $12,000,000

 

Country Park Villas (97-units) provides an investor an exceptional opportunity to acquire a turn-key rental community in a strong East Valley location.

 

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MODERN GARDEN-STYLE CONSTRUCTION

1971 Vintage community features 748 square foot apartment homes with all apartments being renovated with two levels of upgrades.

CAPITAL IMPROVEMENTS

From 2012-2014 the entire community was rebuilt from top to bottom. 100% of the units were renovated. The interior improvements totaled $1,225,000±. Exterior improvements totaled $450,000±.

DYNAMIC INFILL LOCATION

Positioned in a premier east valley location near the Mesa / Tempe border jut north of the Fiesta District Corridor and south of the Metro Light Rail.

FULL FINANCING FLEXIBILITY

Investors have the ability to utilize new debt when acquiring Country Park Villas. Berkadia is pleased to provide many creative options for those looking to optimize the capital stack of acquisition.

UNIT AMENITIES

  • Hardwood Cabinets
  • Black-on-Black Appliances
  • Textured Paint
  • Granite Countertops
  • Vinyl-Wood Flooring

COMMUNITY AMENITIES

  • Swimming Pool
  • Clubhouse
  • Barbecue / Picnic Area
  • Playground
  • Laundry Facilities
  • Courtyard
  • Covered Parking

FLOOR PLANS

ONE BEDROOM | ONE BATHROOM 540 SQUARE FEET

TWO BEDROOM | ONE BATHROOM

789 SQUARE FEET

PHOTO GALLERY

AERIAL MAP

Investment Advisors

RIC HOLWAY

Senior Managing Director

602.912.1633

Ric.Holway@berkadia.com

mark forrester

Senior Managing Director

602.912.1630

Mark.Forrester@berkadia.com

DAN CHEYNE

Senior Director

602.522.5212

Dan.Cheyne@berkadia.com

PHOENIX OFFICE

2525 E. Camelback Road

Suite 1150

Phoenix, AZ 85016

Phone: 602.955.1122 | Fax: 602.955.9611

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx