102 S Pomeroy St - Apartments FOR SALE


Mesa, AZ 85210- Downtown Mesa
$399,900 USD
480-703-3316
102 S Pomeroy St, Mesa, AZ for Sale
$399,900 USD
Apartments - FOR SALE
1/10
null | 6.1% Cap Rate

102 S Pomeroy St
Mesa, AZ 85210
Downtown Mesa


HIGHLIGHTS

  • Walk to the Light Rail
  • Downtown Mesa

OVERVIEW

This rare to market stable, seven unit apartment building is walking distance to the light rail Near Downtown Mesa and consists of seven 1 bedroom and 1 bathroom units. Most of the tenants have been in their units for many years, and some have even lived there for decades. The photos we have are from 2024 when the last unit turned over. All units currently rented at $850 or more per month except one, so there is a little room to increase rents as the units turn over. Listed at a 6.1 CAP Rate generating just under $24,380 NOI in the last twelve months with very stable tenant mix, increased income opportunity, and long term value investment near Downtown Mesa.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$139 USD /SF

# OF UNITS

7

PRICE/UNIT

$57,129

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pomeroy 7 Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R-TC, DR-3

APN/PARCEL ID

138-66-021

ASK ABOUT THIS PROPERTY

Shane CookS. M. Cook, PLLCMore Info
480-703-3316

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Shane CookS. M. Cook, PLLCMore Info
480-703-3316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.