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Terra Vista Garden Apartments 5925 E University Dr 22 Unit Apartment Building $6,494,343 CAD ($295,197 CAD/Unit) 5.50% Cap Rate Mesa, AZ 85205
Investment Highlights
- Pride of Ownership Single Story Community in East Mesa
- All Units have Dual Entry, Private Patios & Separate Laundry Room w/ Full Size Side-by-Side Washer/Dryers
- Great Frontage & Curb Appeal with Timeless Brick Facade
- 1984 Built, Individually Metered, Pitched Roofs, Covered Parking, Low Maintenance, Low Expense Property
- Located in Strong Demographic East Mesa - Strong Senior/Retirement Tenant Profile
- Major Employers Nearby; Boeing, Amazon, Falcon Field, East Mesa Community College, Banner Medical Center
Executive Summary
Terra Vista Gardens represents the ideal mid-size apartment community that meets rental and Buyer demand. Those include the following:
• Pride of Ownership Single Story Community
• Solid Block Construction with Timeless Brick Facade
• 1984 Built and Individually Metered
• Pitched Roofs with Roof Mounted HVAC's
• Covered Parking with Recent Repaved Asphalt and Striping
• Attractive Low Maintenance Landscaping Throughout
• No Pool Property - Lower Expense, Low Maintenance
• All Units Have Front and Back Entrances
• All Units Have Washer & Dryer Hook-Ups
• All Units Have Semi-Enclosed Patios
• 12 Units Have Large Space to Add Private Yards (Rent Upside)
• Great Frontage and Curb Appeal on University Drive
• Located in Strong Demographic East Mesa
• Minutes From Golf Courses, Parks, Restaurants, Retail Center
• Major Employers; Boeing, Amazon, Northrop Grumman, Falcon Field, Mesa Community College, Banner Medical
• Pride of Ownership Single Story Community
• Solid Block Construction with Timeless Brick Facade
• 1984 Built and Individually Metered
• Pitched Roofs with Roof Mounted HVAC's
• Covered Parking with Recent Repaved Asphalt and Striping
• Attractive Low Maintenance Landscaping Throughout
• No Pool Property - Lower Expense, Low Maintenance
• All Units Have Front and Back Entrances
• All Units Have Washer & Dryer Hook-Ups
• All Units Have Semi-Enclosed Patios
• 12 Units Have Large Space to Add Private Yards (Rent Upside)
• Great Frontage and Curb Appeal on University Drive
• Located in Strong Demographic East Mesa
• Minutes From Golf Courses, Parks, Restaurants, Retail Center
• Major Employers; Boeing, Amazon, Northrop Grumman, Falcon Field, Mesa Community College, Banner Medical
Property Facts
| Price | $6,494,343 CAD | Building Class | C |
| Price Per Unit | $295,197 CAD | Lot Size | 1.41 AC |
| Sale Type | Investment | Building Size | 15,400 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-4 | ||
| Price | $6,494,343 CAD |
| Price Per Unit | $295,197 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 15,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $1,736 CAD | 585 |
| 2+1 | 8 | $1,873 CAD | 756 |
1 1
Property Taxes
| Parcel Number | 141-49-006X | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $148,668 CAD |
Property Taxes
Parcel Number
141-49-006X
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$148,668 CAD
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Terra Vista Garden Apartments | 5925 E University Dr
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