Attention Buy & Hold, Vacation Rental, and Rehabbers!

[Cory Baker]

Hey, I have a townhouse in Mesa undercontract. Right near Oakland A's Spring Training Ball Park! (fka Cub's Training Park)

222 W Brown unit 27. Mesa, AZ 85201

It's a large 2/2 with a loft! 
And community Pool/Jacuzzi!

We started at 120k and thought we started a little high. Since then a smaller
remodeled unit (#58) just sold at 129k and originally listed at 126.5k!
Another unit of same 1343 as "my" unit was remodeled and the loft closed in to make a 3rd bedroom just listed at ... are you ready??? $145k! And is pending.

Something is trending the ARV up and it might be a good start for new investors.
Paint, and Carpet would really spruce this up.

As for HOA and cash flow the hoa=189, and rents are 850-1100 in this area.

Est. Cashflow: $100-250
Vacation Homes in Area: $50-100/night. More during Peak Season!

Current Ask: $118,000

Do own due diligence. 

One of my partners is a Realtor.

http://phoenix.craigslist.org/evl/reo/5700865454.html