152 N 56th St - Apartments FOR SALE


Mesa, AZ 85205- Central Mesa
$4,975,000 USD
623-261-2122
152 N 56th St, Mesa, AZ for Sale
$4,975,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

152 N 56th St
Mesa, AZ 85205
Central Mesa


OVERVIEW

152 N 56th St – Mesa, AZ •78-unit senior housing (vacant) •61,969 SF | 1.8 AC •Built 1974 | 2-story •R-5 zoning •Asking: $4.975M (~$80/SF | ~$63.8K/unit) Highlights: •Full value-add / reposition opportunity •Assisted living / behavioral / memory care •Strong demographics •Large scale asset with institutional upside 52 N 56th Street presents a rare opportunity to acquire a 78 unit building in the heart of East Mesa. Formerly operating as Copper Heights, the ±61,969 SF property sits on approximately 1.8 acres and is zoned R-5 for high-density residential use. The property is currently vacant, offering investors and operators a unique value add opportunity to reposition the asset as an assisted living facility, behavioral health center, memory care facility, or other potential related use. The existing units include predominantly studio and 1 bedroom units with in suite restrooms, allowing for efficient reconfiguration and operational scalability. Located within the rapidly growing area, the property benefits from strong demographic trends, including an increasing senior population and sustained demand for healthcare or affordable housing. This is a rare chance to acquire a large scale, repositioning opportunity in one of Arizona’s most active and supply constrained real estate markets.

FOR SALE DETAILS

PRICE

$4,975,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

78

PRICE/UNIT

$63,782

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Copper Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Assisted Living, Continuing Care Retirement Com, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

R-5

APN/PARCEL ID

141-77-059E

ASK ABOUT THIS PROPERTY

Brandon WendtW and PartnersMore Info
623-261-2122

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Brandon WendtW and PartnersMore Info
623-261-2122

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