5925 E University Dr - Apartments FOR SALE


Mesa, AZ 85205- Central Mesa
$4,750,000 USD
602-525-4877
5925 E University Dr, Mesa, AZ for Sale
$4,750,000 USD
Apartments - FOR SALE
1/15
null | 5.5% Cap Rate

5925 E University Dr
Mesa, AZ 85205
Central Mesa


HIGHLIGHTS

  • Pride of Ownership Single Story Community in East Mesa
  • 1984 Built, Individually Metered, Pitched Roofs, Covered Parking, Low Maintenance, Low Expense Property
  • All Units have Dual Entry, Private Patios & Separate Laundry Room w/ Full Size Side-by-Side Washer/Dryers
  • Located in Strong Demographic East Mesa - Strong Senior/Retirement Tenant Profile
  • Great Frontage & Curb Appeal with Timeless Brick Facade
  • Major Employers Nearby; Boeing, Amazon, Falcon Field, East Mesa Community College, Banner Medical Center

OVERVIEW

Terra Vista Gardens represents the ideal mid-size apartment community that meets rental and Buyer demand. Those include the following: • Pride of Ownership Single Story Community • Solid Block Construction with Timeless Brick Facade • 1984 Built and Individually Metered • Pitched Roofs with Roof Mounted HVAC's • Covered Parking with Recent Repaved Asphalt and Striping • Attractive Low Maintenance Landscaping Throughout • No Pool Property - Lower Expense, Low Maintenance • All Units Have Front and Back Entrances • All Units Have Washer & Dryer Hook-Ups • All Units Have Semi-Enclosed Patios • 12 Units Have Large Space to Add Private Yards (Rent Upside) • Great Frontage and Curb Appeal on University Drive • Located in Strong Demographic East Mesa • Minutes From Golf Courses, Parks, Restaurants, Retail Center • Major Employers; Boeing, Amazon, Northrop Grumman, Falcon Field, Mesa Community College, Banner Medical

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

22

PRICE/UNIT

$215,909

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terra Vista Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,411 SF

ZONING

R-4

APN/PARCEL ID

141-49-006X

ASK ABOUT THIS PROPERTY

Ryan AshNewmarkMore Info
602-525-4877

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Ryan AshNewmarkMore Info
602-525-4877

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