1255 E University Dr | Mesa, AZ 85203
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- LoopNet Team
1255 E University Dr
Mesa, AZ 85203
Connect on University · Multifamily Property For Sale
·
67 Units
INVESTMENT HIGHLIGHTS
- Spacious Garden-Style Community Featuring 73% Two-Bedroom/Two-Bathroom Floor Plans with Private Patios that Average 930 Square Feet
- Value-Add Potential with Minimal Investment and Opportunity for Operational Optimization
- Major Tech Developments Providing a Surge in Mesa’s Economic Expansion
- Approximately $1.5M in Capital Improvements to Improve Building Systems
- Robust North Mesa Submarket Fundamentals Fuels Investor Demand
- High-Visibility Community with Proximity to Local Metro Transit
PROPERTY FACTS
| No. Units | 67 | Building Size | 59,304 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Lot Size | 4.19 AC | ||
| Zoning | R-4, Mesa | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.19 AC |
| Building Size | 59,304 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R-4, Mesa |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Laundry Service
- Maintenance on site
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 535 |
| 2+2 | 49 | - | 930 |
| 3+2 | 6 | - | 1,075 |
PROPERTY TAXES
| Parcel Number | 138-07-074A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $303,503 |
PROPERTY TAXES
Parcel Number
138-07-074A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$303,503
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