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750 E 1st Ave
Mesa, AZ 85204
1st Ave Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Excellent connectivity to US-60 and Loop 202
Executive Summary
Well-maintained garden-style community consisting of 16 units, positioned in a strong workforce rental submarket with consistent tenant demand and stable occupancy fundamentals. Established in-place cash flow with opportunity to mark rents to market through interior upgrades and operational efficiencies. Situated just minutes from Downtown Mesa’s revitalization corridor, light rail access, dining, retail, and employment centers. Excellent connectivity to US-60 and Loop 202 supports long-term rental demand and tenant retention.
Property Facts Under Contract
| Price Per Unit | $211,605 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| No. Units | 16 | Average Occupancy | 81% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1978/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 10/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R-4, Mesa - Within a Form Based Code Overlay as well as within an Opportunity Zone. | ||
| Price Per Unit | $211,605 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 10/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4, Mesa - Within a Form Based Code Overlay as well as within an Opportunity Zone. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 315 |
| 1+1 | 8 | - | 415 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $4,232 CAD | Total Assessment | $38,095 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,232 CAD
Improvements Assessment
$0 CAD
Total Assessment
$38,095 CAD
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