1033 W McLellan Rd - Apartments FOR SALE


Mesa, AZ 85201- Riverview
$3,650,000 USD
602-363-6363
1033 W McLellan Rd, Mesa, AZ for Sale
$3,650,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1033 W McLellan Rd
Mesa, AZ 85201
Riverview


HIGHLIGHTS

  • Stable Income with Upside Opportunity
  • Multiple Exit Strategies
  • Flexible Financing
  • Numerous Tax Advantages
  • Well Located
  • Total Bed/Bath Count: 33 Beds / 18.5 Baths

OVERVIEW

10 Single Family Residences in the Greater Mesa Area Available for Portfolio Sale. The Mesa 10 SFR Portfolio provides an opportunity to purchase a flexible asset class with an array of investment and exit strategies. The portfolio is fully leased with mostly month-to-month tenancy, which creates better options for acquisition debt while maintaining flexibility with both operations and exit strategies. Geographically grouped in close proximity, this portfolio maximizes management and operations efficiencies. While boasting a strong step-in average of $1.40/sf rents, the Mesa 10 Portfolio yields an additional potential upside rental optimization opportunity of approximately 15% and additional opportunity through renovation efforts. Buyers can choose residential or commercial financing depending on their investment strategy and can benefit from multiple tax advantages ranging from accelerated depreciation to cost segregation. Portfolio includes the following addresses: 1033 W. McLellan Rd. Mesa, AZ 85201 311 N. Henkel Mesa, AZ 85201 437 W. 6th Pl. Mesa, AZ 85201 444 N. Kirchoff Mesa, AZ 85203 1715 W. Pueblo Ave. Mesa, AZ 85202 538 S. MacDonald Mesa, AZ 85210 720 E. Franklin Ave. Mesa, AZ 85204 444 E. 10th Ave. Mesa, AZ 85204 225 S. 83rd Pl. Mesa, AZ 85208 9109 E. Broadway Rd. Mesa, AZ 85208

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$2,460 USD /SF

# OF UNITS

33

PRICE/UNIT

$110,606

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Single Family Residences Portfolio Sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,469 SF

ZONING

-

APN/PARCEL ID

135-67-100

ASK ABOUT THIS PROPERTY

Zack MishkinORION Investment Real EstateMore Info
602-363-6363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Zack MishkinORION Investment Real EstateMore Info
602-363-6363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.