Southwest Apartments
$6,500,000
309 S Shouse, Mesa, AZ 85204
35,814 sqft
Building Size
1.4118 acres
Lot Area
Details:
Highlights:
- True Value-Add Opportunity Priced at $162.5K/Unit
- 25 Years Continuous Ownership
- Opportunity to Renovate Units & Increase Rental Income
- Superior Unit Mix of 2 & 3 Bedroom Units
- Ability to Install In-Suite Washer/Dryer Hook-ups
Description:
Explore a prime investment opportunity in Mesa, AZ, with a 35,814 SF building boasting 40 units, ideal for a discerning multifamily/high-rise investor. This well-maintained property, constructed in 1972, offers the advantage of being zoned RM-4, providing flexibility for future development or expansion. Situated in the desirable Mesa area, this property presents an exceptional foundation for maximizing rental income and long-term value appreciation. Take advantage of this turnkey investment with high potential for growth and solid returns in one of the most sought-after locations for multifamily development.
Discover the vibrant potential of Mesa, AZ, where the bustling downtown area meets the tranquility of residential neighborhoods. The location offers a diverse array of dining, shopping, and entertainment options, appealing to the modern high-rise investor looking to attract tenants seeking an urban lifestyle. With the Mesa Arts Center, Riverview Park, and nearby attractions like the Arizona Museum of Natural History and Hohokam Stadium, the area provides a rich cultural tapestry and ample green spaces. Proximity to major employment centers and convenient access to public transportation further solidify Mesa’s status as an enticing destination for multifamily investment.
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Location
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