Mesa, Arizona, with a population of around 490,000, offers a unique opportunity for investors to tap into the city's growing demand for Multi-Family Properties. As a hub for education, healthcare, and aerospace, Mesa's economy is diversifying, making it an attractive location for real estate investments. Multi-Family Properties, in particular, provide a stable source of income and a hedge against inflation, making them a popular choice for investors. These properties can range from apartment buildings to condominium complexes, offering a variety of investment opportunities. Mesa's infrastructure, including the Phoenix–Mesa Gateway Airport, the Mesa Canal, and major roads like Lehi Road and Alma School Road, makes it an ideal location for Multi-Family Properties. The city's amenities, such as Red Mountain Park, Mesa Arts Center, and Golfland Sunsplash waterpark, also contribute to its appeal. With companies like Boeing, Bridgestone, and Empire Southwest based in Mesa, the city's economy is poised for growth, making it an excellent location for Multi-Family Properties.
Mesa's Multi-Family Properties offer a unique blend of affordability and amenities, making them an attractive option for investors. With 1 listings available, investors have a range of options to choose from. The average price per square foot is $462 USD, and the average size of these properties is 27,811 square feet, with the largest property spanning 105,205 square feet. The average cap rate is 5.83%, making Mesa's Multi-Family Properties a competitive investment option. In addition to Multi-Family Properties, Mesa also offers Retail Space, Shopping Centers, Residential Income Homes, and Office Properties, each with its unique characteristics and investment opportunities. For instance, Retail Space in Mesa benefits from the city's growing tourism industry, while Shopping Centers thrive on the busy streets of Lehi and Alma School Road. Residential Income Homes in Mesa offer a steady source of income, and Office Properties capitalize on the city's growing aerospace and healthcare industries. With its diverse economy and range of investment opportunities, Mesa is an excellent location for real estate investors.
What is the average cap rate for multi-family properties in the Mesa market?
When it comes to multi-family properties in Mesa, investors can expect an average cap rate of 5.83%, which is a key metric to consider when evaluating the potential return on investment. For a deeper dive into the importance of cap rates, check out our article on what is a cap rate, and explore the 1 available listings of multi-family properties in Mesa, with average prices per square foot of $462 USD and average sizes of 27,811 square feet.
What should I know about financing options for buying an apartment building in Mesa?
When considering financing options for buying an apartment building in Mesa, it's essential to understand the local market and available financing solutions, such as commercial real estate loans (CRE loans) that can help you achieve your investment goals, as explained in our article at CRE loans.
In Mesa, you'll find a diverse range of multi-family properties for sale, with 1 available listings, offering an average price per square foot of $462 USD and an average size of 27,811 square feet, with some properties reaching up to 105,205 square feet.
When evaluating financing options, consider the following key factors:
- Average cap rate of 5.83%, which can impact your investment's potential return.
- Local economic conditions, including the presence of major employers like Boeing, Banner Health, and Walmart, which can influence property values and rental income.
- Access to amenities, such as Red Mountain Park, Mesa Arts Center, and Phoenix–Mesa Gateway Airport, which can enhance the appeal of your property to potential tenants.
