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Apartments For Sale • 16,560 SF
| 7 of the 25 units are renovated with in-suite washer & dryers, stainless steel appliance package, new kitchens, new bathrooms, new plumbing & eletric |
| Below market rents for a perfect value add opportunity to capitalize on the growth in the Mesa submarket |
| Proven renovation plan with new rent levels already achieved at a $488 premium over the in place average rent |
| Located just minutes from downtown Mesa, home to over 300 local business, city hall, new multifamily class A construction |
| Mesa AZ boasts some of the largest and most dynamic industrial developments in the metro area |
| Located in the 2nd largest city in the Phoenix metro area and 3rd largest in the state of Arizona |
| Cap Rate: | 6.93 % |
| Total Expenses: | $88,816 USD |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| Mesa Dr/Main St (Valley Metro Rail - Valley Metro (Phoenix Light Rail)) | 2 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| Phoenix Sky Harbor International | 22 min | - | 13.4 mi |
| Phoenix-Mesa Gateway | 27 min | - | 16.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 24 |
| Type: | Surface |
| Included in Rent: | Yes |
Brian Tranetzki
CBRE
Brian Tranetzki
CBRE
