111 N Mesa Dr | Mesa, AZ 85201
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- LoopNet Team
111 N Mesa Dr
Mesa, AZ 85201
Sunrise on the Rail · Multifamily Property For Sale
·
93 Units
INVESTMENT HIGHLIGHTS
- 94 Garden-Style Units, Built in 1985 (Phase II - 42 Units) & 1964 (Phase I - 52 Units)
- Value-Add Opportunity Through Additional Interior Renovations (Approx. 65% Of Interiors Left to Renovate) & LTOL Burn-off
- Individually Metered for Electric & Individual HVAC / Hot Water Heaters
- Attractive Mix of One, Two, & Three-Bedroom Units (84% Two-Bedroom Units & Overall Avg. Unit Sizes Over 900 SF)
- Phase II, 42 Units, 1985 Construction All Include New In-Unit Washer & Dryer
- Offered All Cash / New Loan
PROPERTY FACTS
| No. Units | 93 | Building Size | 85,406 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/1995 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 3.46 AC | ||
| Zoning | R-TC | ||
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.46 AC |
| Building Size | 85,406 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/1995 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R-TC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Deck
- Dining Room
SITE AMENITIES
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Grill
- Package Service
- Pet Play Area
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1 | 38 | - | - |
| 2+2 | 41 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $18,362 | Total Assessment | $413,356 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$18,362
Improvements Assessment
$0
Total Assessment
$413,356
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