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6325 E Avalon St - Four At Avalon 4 Unit Apartment Building Offered at $695,000 at a 4.20% Cap Rate Mesa, AZ 85205
EXECUTIVE SUMMARY
Four on Avalon
6325 E Avalon St | Mesa, AZ 85205
Multifamily Investment Offering
Grace Commercial Real Estate is pleased to present Four on Avalon, a well-maintained single-level, garden-style multifamily asset located in the thriving Mesa submarket. Built in 1984 and zoned R-4, the property consists of four large 2-bedroom / 1-bath units (approximately 864 SF each), each featuring in-unit washer/dryer, refrigerator & dishwasher! Private yards, and central air conditioning—highly desirable amenities that enhance tenant retention and rental demand.
Currently operating at 100% occupancy with rents well below market, the asset offers substantial value-add potential through rent optimization (market achievable: $1,250–$1,350 per unit) and optional repositioning for higher and better use. The property’s single-story design contributes to lower operating costs, reduced maintenance, and minimal turnover, making it ideal for investors seeking stable, long-term cash flow with future development upside.
Investment Highlights
Unit Mix: Four (4) × 2-Bedroom / 1-Bath units, ±864 SF each
Building Size: ±3,456 SF | Year Built: 1984
Zoning: R-4 – Allows for multifamily density increases
Amenities: In-unit W/D hookups, private yards, central A/C
Occupancy: 100% | Current rents significantly below market
Upside: Potential 20%+ rent growth and redevelopment options
Location Overview
Situated in Mesa, Arizona, one of the fastest-growing cities in the Phoenix Metro, Four on Avalon benefits from a strategic location with strong economic drivers, robust population growth, and an expanding employment base. Residents enjoy proximity to The Hub Grill and Bar, Superstition Springs Center, Mesa Arts Center, and Mesa Historical Museum, as well as outdoor recreation at Red Mountain Park and Usery Mountain Regional Park.
The property offers excellent transportation connectivity with direct access to major freeways and is less than 15 minutes from Phoenix-Mesa Gateway Airport, ensuring ongoing demand and long-term appreciation potential.
All facts and figures are approximate buyer verify information
6325 E Avalon St | Mesa, AZ 85205
Multifamily Investment Offering
Grace Commercial Real Estate is pleased to present Four on Avalon, a well-maintained single-level, garden-style multifamily asset located in the thriving Mesa submarket. Built in 1984 and zoned R-4, the property consists of four large 2-bedroom / 1-bath units (approximately 864 SF each), each featuring in-unit washer/dryer, refrigerator & dishwasher! Private yards, and central air conditioning—highly desirable amenities that enhance tenant retention and rental demand.
Currently operating at 100% occupancy with rents well below market, the asset offers substantial value-add potential through rent optimization (market achievable: $1,250–$1,350 per unit) and optional repositioning for higher and better use. The property’s single-story design contributes to lower operating costs, reduced maintenance, and minimal turnover, making it ideal for investors seeking stable, long-term cash flow with future development upside.
Investment Highlights
Unit Mix: Four (4) × 2-Bedroom / 1-Bath units, ±864 SF each
Building Size: ±3,456 SF | Year Built: 1984
Zoning: R-4 – Allows for multifamily density increases
Amenities: In-unit W/D hookups, private yards, central A/C
Occupancy: 100% | Current rents significantly below market
Upside: Potential 20%+ rent growth and redevelopment options
Location Overview
Situated in Mesa, Arizona, one of the fastest-growing cities in the Phoenix Metro, Four on Avalon benefits from a strategic location with strong economic drivers, robust population growth, and an expanding employment base. Residents enjoy proximity to The Hub Grill and Bar, Superstition Springs Center, Mesa Arts Center, and Mesa Historical Museum, as well as outdoor recreation at Red Mountain Park and Usery Mountain Regional Park.
The property offers excellent transportation connectivity with direct access to major freeways and is less than 15 minutes from Phoenix-Mesa Gateway Airport, ensuring ongoing demand and long-term appreciation potential.
All facts and figures are approximate buyer verify information
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$57,600
|
$16.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$16.67
|
| Taxes |
$1,135
|
$0.33
|
| Operating Expenses |
$14,056
|
$4.07
|
| Total Expenses |
$15,191
|
$4.40
|
| Net Operating Income |
$42,409
|
$12.27
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $16.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $16.67 |
| Taxes | |
|---|---|
| Annual | $1,135 |
| Annual Per SF | $0.33 |
| Operating Expenses | |
|---|---|
| Annual | $14,056 |
| Annual Per SF | $4.07 |
| Total Expenses | |
|---|---|
| Annual | $15,191 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $42,409 |
| Annual Per SF | $12.27 |
PROPERTY FACTS
| Price | $695,000 | Lot Size | 0.21 AC |
| Price Per Unit | $173,750 | Building Size | 3,456 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 4.20% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | M-H | ||
| Price | $695,000 |
| Price Per Unit | $173,750 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.21 AC |
| Building Size | 3,456 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | M-H |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Yard
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,063 | 856 |
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PROPERTY TAXES
| Parcel Number | 141-60-014 | Total Assessment | $12,601 |
| Land Assessment | $0 | Annual Taxes | $1,135 ($0.33/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
141-60-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,601
Annual Taxes
$1,135 ($0.33/SF)
Tax Year
2025
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6325 E Avalon St - Four At Avalon
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