6723 E Avalon St - Apartments FOR SALE


Mesa, AZ 85205- Central Mesa
$1,550,000 USD
520-428-0850
6723 E Avalon St, Mesa, AZ for Sale
$1,550,000 USD
Apartments - FOR SALE
1/23
null | 6% Cap Rate

6723 E Avalon St
Mesa, AZ 85205
Central Mesa


HIGHLIGHTS

  • On-site laundry
  • Renovated units
  • Prime location
  • Strong submarket fundamentals

OVERVIEW

The Desert Wells Apartments, is an 8-unit multifamily asset located in a desirable pocket of Mesa, Arizona. The property offers a mix of fully and partially renovated units with value-add potential through interior upgrades and rent optimization. Residents enjoy access to on-site laundry facilities and convenient parking. Strategically positioned directly behind the renowned Big Nate’s BBQ, the property benefits from strong neighborhood visibility and walkable access to one of the East Valley’s most popular local destinations. The surrounding area features a mix of residential communities and commercial corridors, contributing to consistent tenant demand. This is an ideal opportunity for investors seeking a stabilized asset with additional upside in a growing submarket of Greater Phoenix. With a combination of location appeal, light value-add potential, and strong rental fundamentals, 6723 E Avalon presents a compelling acquisition in today’s market.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

6%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Wells Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,614 SF

ZONING

C-G

APN/PARCEL ID

141-58-168

ASK ABOUT THIS PROPERTY

Joe BoyleJoseph Bernard Investment Real EstateMore Info
520-428-0850

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Joe BoyleJoseph Bernard Investment Real EstateMore Info
520-428-0850

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