3049 E Cicero St
Mesa, AZ 85213
Central Mesa
HIGHLIGHTS
- Fully renovated 4-unit multifamily in East Mesa with new roof and modern interiors.
- Value-add upside with proven rent growth; pro forma cap rate potential of 7%+.
- Prime location just off University Drive with access to major employers and retail.
- One vacant unit offers immediate owner-user or lease-up opportunity at $1,295/month.
- Recent capital improvements minimize near-term capital expenditures for new ownership.
- 100% occupancy in a high-demand submarket supported by strong population growth.
FOR SALE DETAILS
PRICE
$795,000 USD
PRICE/SF
$248 USD /SF
# OF UNITS
4
PRICE/UNIT
$198,750
CAP RATE
5.7%
% LEASED
90%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1985
PARKING SPACES
4
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,799 SF
ZONING
R-3, Mesa
APN/PARCEL ID
140-11-385
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602-946-4855
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602-946-4855
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