Mesa, AZ 85204,750 E 1ST Avenue #1
Mesa, AZ 85204,750 E 1ST Avenue #1
Mesa, AZ 85204,750 E 1ST Avenue #1
Mesa, AZ 85204,750 E 1ST Avenue #1
Mesa, AZ 85204,750 E 1ST Avenue #1
Mesa, AZ 85204,750 E 1ST Avenue #1
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$ 2,999,000
Est. payment | /mo

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$ 2,999,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Chula Vista Amd

MLS Listing ID 6775230

Maintenance Fees $4,400

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1978

Annual Tax Amount $2,371

Tax Year 2024

Lot Dimensions IRR

Property Description

This 16-unit complex is centrally located within the thriving core of the city of Mesa near the city's historic residential district. The unit mix consists of eight studio/1 bath units and eight 1 bed/1 bath units. The majority of the interiors have been professionally renovated including: fresh paint; new shaker-styled kitchen cabinets; new Quartz kitchen countertops surrounded by subway-styled back splashes; all new stainless steel kitchen appliances including new in-suite washer/dryer units; new modern interior doors and exterior front door; and most with new trendy plank flooring.
Exterior features include fresh paint and a gated courtyard with synthetic grass which features a grilling area. Outside of the gated area consists of low cost/maintenance desert landscaping. The private parking lot provides an abundance of parking and the roofs on both buildings were replaced in 2019.
Demand is seemingly growing within the area for units that are central, smaller, close to public transportation, however, with remodeled interiors. As such, this property is conveniently located within walking distance from the highly sought-after Valley Metro Light Rail Line. 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.
Furthermore, this complex is located within the City of Mesa "Opportunity Zone" which continues to attract more investors as they continue to substantially improve existing properties within the district. Large new developments have also been completed with others in the pipeline.

Buyer to verify all facts and figures.

Drive by only...please do not disturb residents.

Location

State AZ

County Maricopa

Community Chula Vista Amd

Zoning MF

Direction (NW corner of Horne & 1st Ave)

Interior

Heating Individual, Heat Pump, Electric

Cooling Central A/C, Individual, Electric, Ceiling Fan(s)

Flooring Ceramic Tile, Vinyl

Appliance F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Parking Features Paved Parking, Free, >1 Space Per Unit

Community Features Barbecue, No Pool

Roof Type Composition,Foam

Total Parking Spaces 22

Building

Sewer Public Sewer

Water City Franchise, Master Meter

New Construction No

Others

Senior Community No

Tax ID 138-28-078

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler

GET MORE INFORMATION

Rod Hofeling

Partner | Lic# LIC#BR112580000 (not required)

+1(602) 549-0169

1345 E Chandler Blvd Suite 219, Phoenix, AZ, 85048

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750 E 1ST Avenue #1