416 N Roca Cir - Apartments FOR SALE


Mesa, AZ 85213- Central Mesa
$1,399,999 USD
480-406-1984
416 N Roca Cir, Mesa, AZ for Sale
$1,399,999 USD
Apartments - FOR SALE
1/21
null | 4.98% Cap Rate

416 N Roca Cir
Mesa, AZ 85213
Central Mesa


HIGHLIGHTS

  • Individually Metered Electricity
  • Abundant Parking with 14 designated parking spaces
  • Tenant Comfort Boost: Each unit includes washer/dryer hookups
  • Value-Added Potential
  • Embracing Inclusivity: Section 8 Welcome as of May 2025

OVERVIEW

**SELLER MAY CARRY WITH 40% DOWN** Exceptional Investment Opportunity: Unlock Your Potential with This Prime Multiplex! Discover a remarkable investment with our meticulously maintained multiplex, strategically located to foster a unique sense of community while ensuring substantial returns. Featuring seven spacious units, each generating reliable rental income, this property is not just a sound investment but also ripe for future appreciation. Key Features: - Individually Metered Electricity: Each unit is equipped with its own electricity meter, simplifying utility management and enhancing profitability. - Abundant Parking: With 14 designated parking spaces, residents and guests will enjoy convenient access, adding to the property’s overall desirability. - Tenant Comfort Boost: Each unit includes washer/dryer hookups, providing a valuable amenity that modern tenants seek. - Value-Added Potential: Consider upgrades like granite countertops and other enhancements to further elevate the property's value and appeal. Prime Location in Vibrant Mesa Nestled in the heart of Mesa, this property is within easy reach of a variety of appealing amenities. Residents will enjoy seamless access to shopping, dining, entertainment options, as well as reputable schools and lush parks. The neighborhood is well-regarded for its family-friendly environment and strong community spirit. Thriving Economy and Robust Rental Demand Mesa boasts a booming economy and a strong job market, making it a highly desirable destination for renters. This ensures consistent rental demand and low vacancy rates, providing long-term security for your investment. With easy access to major highways and public transportation, commuting to Phoenix and its surrounding areas is a breeze. Embracing Inclusivity: Section 8 Tenants Welcome Beginning in May 2025, Roca Apartments is proud to announce its acceptance of Section 8 tenants, expanding rental opportunities and fostering a diverse community. Don’t miss out on this exceptional investment opportunity! Contact us today to learn more and explore the potential of this outstanding multiplex property. Your pathway to profitable real estate investment starts here!

FOR SALE DETAILS

PRICE

$1,399,999 USD

PRICE/SF

$220 USD /SF

# OF UNITS

7

PRICE/UNIT

$200,000

CAP RATE

4.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ROCA-7 UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,945 SF

ZONING

R-3, Mesa

APN/PARCEL ID

140-11-372

ASK ABOUT THIS PROPERTY

Laura GoodS.J. Fowler Real Estate, Inc.More Info
480-406-1984

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Laura GoodS.J. Fowler Real Estate, Inc.More Info
480-406-1984

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