Neighborhood Ventures projects yield 12% return on investment

REAL ESTATE | 27 Apr | AZRE

MEDIA CONTACT: Elaina Verhoff, Elaina V. Public Relations, [email protected], cell: 602-214-5757

Neighborhood Ventures, the nation’s largest community-based real estate investment company, is pleased to announce the sale of two properties. Venture on Wilson, a 12-unit apartment building in downtown Tempe closed on April 13 for a purchase price of $2.1 million / $175,000 per unit. Venture on Marlette, a 14-unit apartment complex in Uptown Phoenix, closed on April 20 for a purchase price of $3.562 million / $254,428 per unit. Each of the Arizona residents who invested in the projects received a 12% preferred annual return on their investment when the property sold. READ MORE