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 owner maintained, 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.
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Listing Courtesy ofKeller Williams Arizona Realty