Neighborhood Ventures · Sale
Venture on Williams
Venture on Williams was sold and acquired by NV REIT. 20-Unit Architectural Stunner near Downtown Mesa
Venture on Williams was sold and acquired by NV REIT.
The Project consists of a residential apartment development that will include 20 apartment units located at 407 North Williams, Mesa, Arizona 85203. The property was originally built in 1970 with 20 units, 19 units are 2-bedroom and 2 bathrooms, and 1 unit is a 3-bedroom and 2 bathrooms.
The property is located right off University Dr. and North Gilbert Rd.
We renovated the interior of each unit with new cabinetry, new fixtures, new hardware, updated painting and appliances, and in-unit washers and dryers. On the exterior, we enhanced the building’s curb appeal by adding new trim painting. We also updated the landscaping.
- We plan to keep the property 75% occupied throughout the renovation in order to create consistent cash-flow
- No major structural renovations required. We plan to update cabinets, hardware, and add new in-unit washer and dryers.
- Short distance to the light rail station in the Mesa area.
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