Photo 1 of 1
$447,500
Sold on 8/17/18
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,417 |
1968 |
On the market:
123 days
|
View full details, 15 photos, school info, and price history
100% Occupied, 5 Unit apartment complex in Mesa, Arizona.
Property has recently undergone several renovations and upgrades, totaling to more than $37,600 of capital expenditure in the past year. Currently is both owner-managed and owner maintained, keeping the reported operating expenses wonderfully low (18%); generated a Net Operating Income of $32,903 in 2017, with room for additional upside through rent increases. Investment has a cap rate that out-classes most similar properties in the Greater Phoenix Area.
All City Services; Water, Sewer, Trash Included in Rent while Electric is Sub-Metered & Direct-Billed. No Gas.
Listing courtesy of Keller Williams Arizona Realty