31 W 2nd St - Apartments FOR SALE


Mesa, AZ 85201- Downtown Mesa
$3,850,000 USD
602-714-1370
31 W 2nd St, Mesa, AZ for Sale
$3,850,000 USD
Apartments - FOR SALE
1/34
null | 5.36% Cap Rate

31 W 2nd St
Mesa, AZ 85201
Downtown Mesa


HIGHLIGHTS

  • 20 Total Units, Built in 1960, Block Construction
  • (8) 2-Bed / 1-Bath Units & (12) 1-Bed / 1-Bath Units
  • All Units Feature In-Suite Washers & Dryers
  • Property Features Community Swimming Pool & Covered Parking
  • Located Walking Distance to Metro Light Rail (Center & Main)
  • Situated in the Heart of Downtown Mesa

OVERVIEW

ABI Multifamily’s Middle Market Team is pleased to announce the exclusive availability of The Irving Apartments, a 20-unit multifamily community located at 31 West 2nd Street in the heart of Downtown Mesa, Arizona. Built in 1960, this two-story, block-construction complex has been thoughtfully renovated. It now offers modern amenities while preserving its mid-century charm. The diverse unit mix includes eight 2-bedroom / 1-bathroom units and twelve 1-bedroom / 1-bathroom units. Each apartment features stainless steel appliances, updated flooring, new cabinetry, and in-unit washer and dryer. Residents enjoy a sparkling pool, central courtyard, covered parking, and pet-friendly policies. The Irving’s location provides easy access to Mesa’s business district and cultural attractions like the Mesa Arts Center. Downtown Mesa has undergone significant revitalization, becoming a vibrant hub for arts, dining, and entertainment with a variety of restaurants, breweries, unique shops, public art installations, and cultural events. Residents also benefit from easy access to Phoenix, as the property is just two blocks from the Central & Main light rail station. The Irving represents a rare opportunity that offers significant appeal both now and in the future.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

20

PRICE/UNIT

$192,500

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Irving Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,467 SF

ZONING

R-TC

APN/PARCEL ID

138-33-014A

ASK ABOUT THIS PROPERTY

Carson GriesemerABI MultifamilyMore Info
602-714-1370

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Carson GriesemerABI MultifamilyMore Info
602-714-1370

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