Bella Rosa Apartments 6521 E University Dr 28 Unit Apartment Building $7,000,000 ($250,000/Unit) Mesa, AZ 85205

Advantageously located adjacent to the lifestyle resurgence of downtown Mesa, Bella Rosa (“the property”) is an apartment community located on the southside of University Drive between Recker Road and Power Road. Pinpointed against the backdrop of the newfound resurgence of Downtown Mesa, the property is primely positioned to reap the benefits of the surrounding employment corridors, higher education facilities, and lifestyle destinations, providing residents with a well-rounded landscape to capitalize on. Defined by the area’s eateries, galleries, and annual events, Downtown Mesa is quickly becoming a cultural mainstay for the Southeast Valley, as evidenced by the presences of The Mesa Arts Center and the hosting of Mesa Music Festival. In addition to the ±6,800 employees and ±300 businesses placed in Downtown Mesa, the property has direct access to the long stretch of the Superstition Employment Corridor running down US60 and its ±32,000 employees, as well as the ±16,500 employees and ±500 businesses, including Banner Health and Mesa Community College, stationed in the Fiesta District. A Valley Metro light rail station within walking distance of the property creates seamless transportation to not only these workplaces, but also the enormous Arizona State University just over the Loop 101.
Bella Rosa was built in 2003 and contains 28 units with a community pool, dog park, and ample parking. The unit mix is made of 100% two-bedroom units each including in-suite laundry, vaulted ceilings and private back yards, with an overall average unit size of 850 square feet. Future ownership will have the ideal opportunity to acquire a mid-sized, 2000’s vintage in booming East Valley submarket.