By Real Estate Daily News
PHOENIX, AZ — Real estate crowdfunding company, Neighborhood Ventures, the nation’s largest community-based real estate investment company that offers non-accredited investors in Arizona the opportunity to invest as little as $1K in commercial real estate projects, is pleased to announce its sixth investment opportunity, Venture on Williams, a 20-unit apartment building located at 407 Williams Road, Mesa, AZ (Gilbert and University) near Downtown Mesa. The Spanish architectural style building includes 19 2-bedroom/2-bath units and one 3-bedroom/2-bath unit.
The Venture on Williams project was opened to current Neighborhood Ventures investors over the weekend, during which time $750,000 was funded by 88 investors. Today the project opens to the public, with a target maximum raise amount of $1.1 million. The target hold period for this property is three years, during which time renovations will be completed, rents stabilized, and cash flow generated. Community investors receive a 12% preferred annual return on their investment when the property is sold.