Cap rate on in place rents: 6.7%
Sales Price: $418,000
$139,500 per unit
664 S Mesa Dr. Mesa, AZ 85210
AIM is pleased to offer for sale this newly renovated three unit building at 664 S. Mesa Dr. All of the heavy lifting has been done with beautiful, new kitchens, baths, flooring, etc. Kitchens feature new cabinets with granite tops and new stainless appliance packages. These all 2-bedroom units are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into stable cash flow with nothing to repair or renovate.
The owner pays the water/sewer/trash bill; tenants pay their own electric and gas. The property is centrally located just South of Downtown Mesa and the Mesa Temple Complex. Midway between the Main St. light rail line and the US 60 freeway, the property is close to employers, shopping, and schools. Each unit has a spacious private back yard. And an in-suite washer/dryer. There is ample off street parking with four covered spaces.
Newly Remodeled Turnkey
Spacious and private individual backyards
Downtown Mesa Location
In Suite Washer/Dryers
Arizona Investment & Management LLC
Professional Real Estate Services AZ LICENSE: LC645202000
2720 E. Thomas Road, Suite B270
Phoenix, AZ 85016
Phone: (602) 277-7368
Drew Gibson | Principal
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