By AZRE
Neighborhood Ventures the nation’s largest community-based real estate investment company that enables non-accredited investors (people of all income levels) to invest in multifamily real estate projects, has announced its fifth investment opportunity. Venture at Mountain View, a 26-unit, two-story apartment building located near Mountain View Road and North 17th Avenue, was built in 1983 and has ten one-bedroom/one-bath units and sixteen two-bedroom/1-bathroom units.
Like Neighborhood Ventures’ four other successfully crowdfunded properties, Venture at Mountain View offers investors a preferred annual return of 12%, with a targeted hold period of three years, during which time renovations will be completed, rents stabilized, and units rented. The target crowdfunding amount for this property is $750,000 and the project is open to all Arizona residents, with a minimum investment amount of $1,000.
