GREAT INVESTMENT - "CASHFLOWING" PROPERTY
48-UNIT - HERMOSA PALMS - PHX-AZ - $670,000 - $14k/UNIT - $37/SF
Property Type: Multifamily
Status: Available
Address:
43-North Harris
Mesa, AZ 85202
Mesa, AZ 85202
Number of Acres: 0.75
Square feet: 17,730
Number of Units: 48
Number of Bedrooms: 48
Number of Bathrooms: 48
Sale or Lease: Sale
List Price: $670,000
Information:
48-UNITS
BUILT - 1987
PRO FORMA
CAP RATE - 7.4% - (BASED ON CURRENT RENTS)
LESS THAN $14,000/UNIT - ($37/SQ. FT.)
50% - OCCUPANCY
30-STUDIOS + 18-1/BDRM UNITS
RECENTLY REHABBED/REFURBISHED
CLOSE TO MAJOR HWY - SHOPPING CTRS. - ENTERTAINMENT - LARGE EMPLOYERS
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