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720 N Westwood
Mesa, AZ 85201
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 2,824 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1968/2018 |
| Zoning | RM-4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 2,824 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2018 |
| Zoning | RM-4 |
ABOUT 720 N WESTWOOD , MESA, AZ 85201
100% Occupied, 5 Unit apartment complex in Mesa, Arizona. Property has recently undergone several renovations and upgrades, totaling to more than $37,600 of capital expenditure in the past year. Currently is both owner-managed and ownermaintained, keeping the reported operating expenses wonderfully low (18%); generated a Net Operating Income of $32,903 in 2017, with room for additional upside through rent increases. Investment has a cap rate that out-classes most similar properties in the Greater Phoenix Area. All City Services; Water, Sewer, Trash Included in Rent while Electric is Sub-Metered & Direct-Billed. No Gas.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $607.50 | - |
| 1+1 | 3 | $732.50 | - |
PROPERTY TAXES
| Parcel Number | 135-29-068J | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,821 |
PROPERTY TAXES
