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1150 N April Cir
Mesa, AZ 85203 Central Mesa

$1,400,000 USD

Multifamily For Sale  •  8,010 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 8,010 SF
  • Year Built 1970
  • Cap Rate 8.86 %
30 Transit Score
50 Walk Score

Highlights

Property Overview: 9-unit multifamily asset constructed in 1970
Desirable Unit Mix: Features (1) one-bedroom/one-bath unit, (5) two-bedroom/one-bath units and (3) three-bedroom/one-bath units
Unit Size: Spacious average unit size of approximately 890 square feet
In-Place Income: Strong current average rent of $1,442 per unit
Investment Yield: Attractive 8.86% current cap rate (self-managed), offering immediate cash flow
Pricing Advantage: Compelling basis relative to replacement cost and market comparables
Cap Rate: 8.86 %

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 20 min - 12.6 mi
Phoenix-Mesa Gateway 29 min - 18.1 mi
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services
Brad Skenderian 949-533-5594 Matthews Real Estate Investment Services