Commonwealth Real Estate Advisors is pleased to present Riggs Circle, a 25 unit value-add multifamily opportunity located just outside of downtown Mesa. Built in 1971 of block construction and pitched roofs the property is comprised of all two bedroom one bath floorplans that are 650 square feet. Current ownership has renovated seven units with new rental rates attaining a premium of $488 over the current in place average. Renovated units include new kitchens with custom shaker cabinetry, new stainless steel appliance package, in-suite washer and dryers, new bathroom vanities and tub surrounds, tiled backsplashes and new wood plank vinyl flooring throughout. Excellent upside remains by renovating the remaining nineteen units with the same level of finishes that the current renovated units have allowing for an investor to capitalize on an additional $111,264 of gross income post renovation. Riggs Circle offers a rare opportunity for an investor to acquire a value-add asset with new rents already proven out in the current rent roll. The property is located in Mesa, AZ, just outside of its downtown area. Mesa is the most populous city in the east valley with a population of over 510,000 according to the 2020 census, making it the third largest city in the state behind Phoenix and Tucson.