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


OVERVIEW

**Exceptional Investment Opportunity!** Discover a remarkable multiplex that offers a solid investment with immediate returns. This well-maintained property comprises seven spacious units, each generating reliable rental income while showcasing substantial investment potential. Each unit is individually metered for electricity, streamlining utility management and maximizing profitability. The property features 14 parking spaces, ensuring ample parking for both residents and guests, which enhances its convenience and overall appeal. Additionally, each unit is equipped with washer/dryer hookups, bolstering tenant comfort and desirability. Located in the vibrant city of Mesa, this property benefits from an ideal location near a variety of attractive amenities. Residents enjoy easy access to local shopping, dining, and entertainment, as well as highly-rated schools and parks. The area is renowned for its family-friendly atmosphere and strong sense of community. Mesa’s thriving economy and robust job market make it a highly sought-after location for renters, ensuring strong rental demand and low vacancy rates. With convenient access to major highways and public transportation, commuting to Phoenix and its surrounding areas is effortless. This property is strategically situated in the heart of Mesa, surrounded by amenities such as shopping centers, restaurants, schools, and parks. It is well-connected to major highways and public transport, providing easy access to the greater Phoenix Metropolitan Area.

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 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.