1142-1150 N April Circle 1150 N April Cir 9 Unit Apartment Building $1,902,278 CAD ($211,364 CAD/Unit) 8.86% Cap Rate Mesa, AZ 85203

Matthews™ is pleased to present 1142–1150 N April Circle, a 9-unit multifamily opportunity comprised of three well-maintained triplex buildings located in a quiet cul-de-sac setting in the desirable Central Mesa submarket. Originally constructed in 1970, the property has been self-managed and maintained by current ownership for over 20 years, resulting in strong physical condition and stable operations.
Each property has undergone substantial capital improvements in recent years, including the replacement of all three roofs (2018, 2020, 2021), a majority of HVAC systems, and multiple plumbing upgrades. Each of the units also feature private yards, carport parking, and washer/dryer hookups. The property consists of a mix of spacious one, two, and three-bedroom floorplans, supporting strong in-place rents with historically low turnover.
Strategically located in Central Mesa, the property benefits from convenient access to major employment corridors, retail centers, and transportation infrastructure throughout the greater Phoenix metro area. The surrounding neighborhood offers a quiet, residential environment while remaining well-connected to the broader Valley,
making it an attractive option for a wide tenant base. Additionally, the property offers canal access through the beach years of each of the properties.
1142–1150 N April Circle presents a compelling opportunity to acquire a stabilized, pride-of-ownership asset with strong in-Place income and additional upside through continued interior renovations and rental growth.
Seller intends to review all offers May 8, 2026.
Broker of Record
Name
David Harrington
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CO701910000, BR715518000 (AZ)
Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
Phone
(866) 889-0550