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3049 E Cicero St
Mesa, AZ 85213 Central Mesa

$795,000 USD

Apartments For Sale  •  3,200 SF

Property Details

• Property Type Apartments
• Total Building Size 4,000 SF
• Lot Size 0.2 AC
• Building Class C
• Year Built 1985
• Cap Rate 5.70 %
• Zoning R-3, Mesa

30 Transit Score

40 Walk Score

Highlights

Fully renovated 4-unit multifamily in East Mesa with new roof and modern interiors.

Value-add upside with proven rent growth; pro forma cap rate potential of 7%+.

Prime location just off University Drive with access to major employers and retail.

One vacant unit offers immediate owner-user or lease-up opportunity at $1,295/month.

Recent capital improvements minimize near-term capital expenditures for new ownership.

100% occupancy in a high-demand submarket supported by strong population growth.

Cap Rate:

5.70 %

Public Transportation

Airport	Drive	Walk	Distance
Phoenix-Mesa Gateway	24 min	-	14.0 mi
Phoenix Sky Harbor International	27 min	-	16.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes