Mesa Az Condo coversion 43% LTV

. Excellent Condo Conversion Property - Massive Potential!
. Pro-Forma Cap 8 plus%
. Being sold at 43% of Condo value All 65 units are large two bedroom on over 2.25 acres - on separateelectric meters with two pools To purchase this property or for more information call 602-363-4674
Address's: 715 E Brown Rd, Mesa , AZ 85203
737 E Brown Rd , Mesa , AZ 85203APN'S: 137-10-002W, 137-10-008, 137-10-009, 137-10-002XStories: 2Built: 1972 to 1985
Pool: Yes - Two pools in excellent condition! Total Sq ft: See below - Buyers responsibility to verify square footage!
Total Lot Size: 99,319+/- A/C: Yes - 65 all roof mounted Unit Mix:39 - 2/1.5's at 1,050 sqft25 - 2/1's at 900 sqft1 - Studio with spiral stair case, small stove, fridge & full bath100% occupiedUtilities: Lessee pays Electric on separate meters - Owner pays Water,Sewer & Trash - No Gas on Property Parking: Assigned Covered for 65 units plus 47 additional parking spaces Occupancy: Tenant Rights - Do Not Disturb! Call for inspection date!Comments: Brown Rd & N Horne - E of N Mesa Dr - good area, stucco/blockconstruction - exterior/interior are in excellent condition, Cleangrounds, mature landscaping, nice barbecue & covered picnic area that caneasily be enlarged, coin operated laundry center, tile/vinyl & carpetedfloors, front and back doors, refrigerators, HVAC for each unit, etc. Needs the following: Property is in very good condition and call for walkthrough date - Buyer's responsibility to do inspection and estimate anywork needed!Selling: $ 4,745,000.00 - $73,000 per door average, 900 to 1,100 sqftcondo sheets reflect $150,000 plus for sales - Big profit potential onconversion here, say millions in profit!!!$$$ Terms: $50,000.00 earnest down paymentCOE 11/17/06Due Diligence Period: No later than 10/06/2006 @ 5pm