38 N Santa Barbara Street, Mesa, AZ 85201
- $2,985,000
- List Price
- $2,985,000
- Days on Market
- 106
- Status
- ACTIVE
- MLS#
- 6524301
- City
- Mesa
- Subdivision
- San Clemente
- Year Built
- 1985
Property Description
This fully remodeled 12 unit complex, located along the central corridor of Main St. in Mesa, is being offered as a fantastic turnkey investment opportunity. Built in 1985, the unit mix consists of twelve 2 bed/1 bath units which are nearly 900sqft in size. The extensive professional renovations were completed in late 2021. Just some of the interior upgrades include: fresh paint; new shaker kitchen cabinets; new kitchen countertops; new plank flooring; new stainless-steel appliances; and new in-suite washer/dryers. Exterior amenities consist of: fresh paint; several main level units with walk-out private yards; an abundance of off-street private parking; and upgraded low cost/maintenance desert landscaping. The roofs on all 3 buildings were replaced in Dec-2019.Demand is high for these units as they are located near the highly sought-after Valley Metro Light Rail Line as well as within close proximity of the 101 freeway and ASU. The nearby employment base is vast which consists of large & small employers. The district serves its residents well by providing an abundance of choices related to shopping, dining, entertainment, schools and hospitals. As such, this investment offers a hassle-free investment opportunity as it is stabilized, fully renovated and has a strong revenue stream right at acquisition. All 3 fourplexes are side-by-side with each having their own parcel numbers. Therefore, this package offering is conducive to either Commercial or Residential Financing. Furthermore, this complex is located within a City of Mesa "Opportunity Zone" which continues to attract more investors in substantially improving existing properties within the district. Large new developments have also been completed with others in the pipeline. More information on the "Opportunity Zone" can be found at: www.selectmesa.com/business-environment/incentives-programs/opportunity-zones Buyer to verify all facts and figures. Drive by only...please do not disturb residents.
Additional Information
- School District
- Mesa Unified District
- Construction
- Frame - Wood
- Cooling
- Electric, Heat Pump, Individual
- Electric
- SRP
- Exterior Amenities
- Desert Landscaping, Partially Fenced
- Finish
- Painted, Stucco
- Floors
- Carpet, Vinyl
- Gas
- None
- Guest House SqFt
- 18
- Heating
- Electric, Heat Pump, Individual
- Interior Amenities
- Fire/Smoke Alarm(s), Unfurnished
- New Financing
- Conventional, No Carry
- Parking
- >1 Space Per Unit, Free, Paved Parking, Street Parking
- Project Type
- 5 - 12 Units
- Roofing
- Comp Shingle
- Sewer
- Sewer - Public
- Subdivision
- San Clemente
- Taxes
- $1,628
- Tenant Pays
- Cable TV, Electric
- Units
- 12
- Water
- City Franchise
- Zoning
- MULTI-FAMILY
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Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.