1809 E Broadway Rd., Mesa, AZ 85204

Park Ridge offers the new investor the opportunity to acquire 10 units at a fraction of the replacement cost and at 61% of what the current owners bought it for in 2002. All units are large 2 bedroom 1 baths! Rents at Park Ridge are currently $525. Our proforma includes vacancy & losses accounting for 16.5% of the gross potential income (based on the $525 rents). Rents at Park Ridge and all the neighboring properties had been $650+ for two bedroom units. It is not hard to imagine a time in the near future where rents exceed those rent levels and vacancy rates get back to the 5% and 6% levels. Timing is the real opportunity with Park Ridge. Park Ridge is not a short sale and is not REO. We will reply immediately.