750 E 1st Ave - Apartments FOR SALE


Mesa, AZ 85204- Central Mesa
$2,400,000 USD
480-530-3435
750 E 1st Ave, Mesa, AZ for Sale
$2,400,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

750 E 1st Ave
Mesa, AZ 85204
Central Mesa


OVERVIEW

Well-maintained garden-style community consisting of 16 units, positioned in a strong workforce rental submarket with consistent tenant demand and stable occupancy fundamentals. Established in-place cash flow with opportunity to mark rents to market through interior upgrades and operational efficiencies. Situated just minutes from Downtown Mesa’s revitalization corridor, light rail access, dining, retail, and employment centers. Excellent connectivity to US-60 and Loop 202 supports long-term rental demand and tenant retention.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

16

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1st Ave Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

R-4, Mesa

APN/PARCEL ID

138-28-078,138-28-079

ASK ABOUT THIS PROPERTY

Jackson EverhartORION Investment Real EstateMore Info
480-530-3435

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Jackson EverhartORION Investment Real EstateMore Info
480-530-3435

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