309 S Shouse
- True Value-Add Opportunity Priced at $162.5K/Unit
- 25 Years Continuous Ownership
- Opportunity to Renovate Units & Increase Rental Income
- Superior Unit Mix of 2 & 3 Bedroom Units
- Ability to Install In-Suite Washer/Dryer Hook-ups
Property Description
Explore a prime investment opportunity in Mesa, AZ, with a 35,814 SF building boasting 40 units, ideal for a discerning multifamily/high-rise investor. This well-maintained property, constructed in 1972, offers the advantage of being zoned RM-4, providing flexibility for future development or expansion. Situated in the desirable Mesa area, this property presents an exceptional foundation for maximizing rental income and long-term value appreciation. Take advantage of this turnkey investment with high potential for growth and solid returns in one of the most sought-after locations for multifamily development.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,500,000 |
| No. of Units: | 40 |
| Year Built: | 1972 |
| Lot Size: | 1.41 Acres |
| Opportunity Zone: | No |
| Price per unit: | $162,500 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2881 E Show Low Lake Road
Show Low, Arizona
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout