38 N Santa Barbara Street Mesa, AZ 85201
Listing Courtesy of: Arizona Regional MLS / Better Homes And Gardens Real Estate S.J. Fowler / Ken Tasopulos

  38 N Santa Barbara Street Mesa, AZ 85201

Sold (286 Days)

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.

MLS #:
6524301
Taxes
$1,628
Type
Multifamily
Year Built
1985
County
Maricopa County

Listed By

Ken Tasopulos, Better Homes And Gardens Real Estate S.J. Fowler
Bought with
Non-Mls Agent, Non-Mls Office
Source
Arizona Regional MLS
Last checked Dec 6 2024 at 12:08 AM MST
Bathroom Details
Heating and Cooling
  • Electric
  • Individual
  • Heat Pump
Exterior Features
  • Stucco
  • Painted
  • Frame - Wood
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
Parking
  • >1 Space Per Unit
  • Free
  • Street Parking
  • Paved Parking
Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 12/5/24 16:08.