234 N 75th St - Apartments FOR SALE


Mesa, AZ 85207- East Mesa
$11,285,972 USD
602-435-3636
234 N 75th St, Mesa, AZ for Sale
$11,285,972 USD
Apartments - FOR SALE
1/10
null | 6% Cap Rate

234 N 75th St
Mesa, AZ 85207
East Mesa


OVERVIEW

CBRE is pleased to announce the exclusive offering of Marabrisa Condominiums, an 87-unit condominium complex built in 1986 and located in East Mesa, Arizona. Marabrisa is comprised of two well designed one-bedroom floorplans that are 544 square feet and 654 square feet and contain private patios, fully equipped kitchens, fireplaces in the larger floor plans, a breakfast bar, and washer and dryer hookups. This low-density property offers residents a lush landscape, a sparkling pool, spa, tennis courts, a picnic area with barbecue, covered parking, an onsite laundry facility and easy access to major interstates including the Loop 202 freeway and Interstate 60 providing easy access into downtown Mesa, Tempe and Central Phoenix. Marabrisa Condominiums is in mainly a residential community surrounded by numerous golf courses, parks and recreation, access to hiking trails in the Superstition mountains, minutes from Superstition Springs Center a regional mall which offers shopping, restaurants and family-friendly amenities. Residents can visit Ulta Beauty, T.J. Maxx, JCPenney, Dillard's, Bath & Body Works, Buckle, Target, Home Depot, Hollister Co., Ross Dress for Less, T.J.Maxx, Tilly’s, Vans, Victoria’s Secret or grab a bite to eat at The Cheesecake Factory, Chick-fil-A, Dairy Queen, and Panda Express. Plus, visitors can shop at over 60 specialty stores and entertainment concepts. Also in close proximity to the subject property is an Albertsons Grocery anchored shopping center. Education abounds within the submarket with Arizona State University Polytechnic Campus being minutes away and the largest community college in the nation, Mesa Community College, located just east of the property.

FOR SALE DETAILS

PRICE

$11,285,972 USD

PRICE/SF

$169 USD /SF

# OF UNITS

82

PRICE/UNIT

$137,634

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marabrisa Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

189

LAND DETAILS

LAND ACRES

5.37 AC

LAND SF

234,013 SF

ZONING

R-4, Mesa

APN/PARCEL ID

218-16-304,218-16-305,218-16-306,218-16-308,218-16-309,218-16-310,218-16-311,218-16-312,218-16-313,218-16-314,218-16-318,218-16-319,218-16-321,218-16-322,218-16-324,218-16-325,218-16-326,218-16-327,218-16-328,218-16-329,218-16-331,218-16-332,218-16-333,218-16-334,218-16-335,218-16-337,218-16-338,218-16-339,218-16-341,218-16-342,218-16-343,218-16-345,218-16-346,218-16-348,218-16-349,218-16-350,218-16-353,218-16-354,218-16-356,218-16-357,218-16-358,218-16-363,218-16-365,218-16-366,218-16-367,218-16-368,218-16-369,218-16-370,218-16-373,218-16-374,218-16-375,218-16-377,218-16-378,218-16-379,218-16-381,218-16-382,218-16-384,218-16-385,218-16-386,218-16-388,218-16-389,218-16-390,218-16-391,218-16-393,218-16-394,218-16-397,218-16-398,218-16-399,218-16-401,218-16-402,218-16-405,218-16-406,218-16-409,218-16-410,218-16-411,218-16-413,218-16-414,218-16-415,218-16-416

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602-435-3636

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602-435-3636

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