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3049 E Cicero St 4 Unit Apartment Building $1,095,113 CAD ($273,778 CAD/Unit) 5.70% Cap Rate Mesa, AZ 85213
Investment Highlights
- Fully renovated 4-unit multifamily in East Mesa with new roof and modern interiors.
- Prime location just off University Drive with access to major employers and retail.
- Recent capital improvements minimize near-term capital expenditures for new ownership.
- Value-add upside with proven rent growth; pro forma cap rate potential of 7%+.
- One vacant unit offers immediate owner-user or lease-up opportunity at $1,295/month.
- 100% occupancy in a high-demand submarket supported by strong population growth.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CO701910000, BR715518000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
| Price | $1,095,113 CAD | Building Class | C |
| Price Per Unit | $273,778 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 5.70% | Average Occupancy | 90% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2026 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Mesa | ||
| Price | $1,095,113 CAD |
| Price Per Unit | $273,778 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2026 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Mesa |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 800 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 140-11-385 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $45,814 CAD |
Property Taxes
Parcel Number
140-11-385
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$45,814 CAD
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3049 E Cicero St
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