Properties
Mesa, AZ 85204 750 E 1ST Avenue
$2,400,000
7 more
Presented By: Orion Investment Real Estate; 480-634-6934
Home Details
750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.
Presented By: Orion Investment Real Estate; 480-634-6934
Interior Features for 750 E 1ST Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 750 E 1ST Avenue
Additional Parcels Y/NYes
Attached Garage No
Carport Y/NNo
CityMesa
Community FeaturesNo Pool
Construction MaterialsPainted, Stucco, Block
CoolingCentral Air, Ceiling Fan(s), Electric, Individual
CountyMaricopa
DirectionsHead West on Mesa's New Main Street to Horne, South on Horne and the property is on the North West corner of Horne and 1st AVE
DisclosuresNone
ElectricSRP
Elementary School DistrictMesa Unified District
Garage Y/NNo
Gross Income193800.0
HeatingIndividual, Electric
High School DistrictMesa Unified District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income142800.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total16
Open Parking Spaces22.0
Operating Expense298.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Foam
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCHULA VISTA AMD
Tax Annual Amount298.0
Tax Lot10
Tax Year2025
Township1N
Year Built1978
ZoningMF or FBC T4
Exterior for 750 E 1ST Avenue
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsIRR
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking22.0
Water SourceCity Franchise
Additional Details
Price History
