819 S Stapley Dr., Mesa, AZ 85204

See document tab for financials. ARA is pleased to announce the availability of Stapley Manor, an 18 unit apartment community located in the heart of Mesa, Arizona. The community boasts tremendous frontage along Stapley Drive with over 31,000 cars passing by per day. Within 3 miles there are over 7,000 businesses and 66,247 employees providing unparalleled demand. Further rental drivers are provided by Lindbergh Elementary School and Mesa High School along with the newly constructed Valley Metro Light Rail Station all located just minutes away. Stapley Manor was built in 1973 of block construction and is individually metered for electricity. The community consists of a balanced unit mix of 8 one bedroom and 10 two bedroom units with all electric appliances, individual HVAC's and individual water heaters. The property features low maintenance desert landscaping, significantly lowering operating costs for new ownership. Covered parking and laundry facilities are provided for resident convenience. Current ownership recent capital improvements include a brand new roof and two full interior remodels. Significant upside in rents is achievable through the implementation an interior renovation program. Current ownership has City of Mesa approved plans for a full scale remodel that are included with the sale if the new owner wishes to achieve top of market rents and take advantage of the burgeoning submarket. Stapley Manor provides an investor the opportunity to purchase a block constructed community with a balanced unit mix, tremendous frontage in the heart of high demand Mesa, Arizona. INVESTMENT HIGHLIGHTS • Tremendous Frontage, Over 31,000 Cars Pass By Daily • New Roof and Interior Remodels • Exterior Renovation Plans Approved by City of Mesa Included • High Demand Rental Community • Balanced Unit Mix of 8 One Bedrooms and 10 Two Bedrooms • Block Construction • Copper Plumbing