149 N Phyllis St. #205, Mesa, AZ 85201

Welcome to La Mesita Triplex. This fully leased Triplex in Mesa, is situated two blocks north of the Main Street/Apache development corridor. The property is within close proximity to the 101 freeway and Tempe and is also within walking distance to the light rail. This 1983 constructed building has been well maintained and sits on a prime corner lot with great curb appeal. All three units feature 2 beds, 1 bath, full size W/D hookups, updated kitchens/baths, and tile/laminate flooring. The two lower units each have private back yards, while the upper unit has a large private balcony. CapEx includes an A/C unit installed in 2019, and another installed in 2016. [more...] Cap Rate on current rent estimated at 4.93%, with rents of $950, $925, and $925. ProForma Cap Rate estimated at 6.19%, based on market rents of $1100 per unit. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.