551 & 561 S Mesa Dr., Mesa 85210
Price: $585k
Multi-Unit Cashflow with Lots of Room to Build, Zoned C-N on Mesa Dr!!
  
 
Cross-streets: Mesa Dr & Southern
551 Mesa Dr:- 15/8 (total with both lots and 3 structures)
- 1,375 s.f.
- Lot Size 26,806 s.f.
- Year Built: 1929
- Taxes: $565/yr (2016)
- APN: 139-24-066
561 Mesa Dr: - 2,044 s.f.
- Lot Size 26,572 s.f.
- Year Built: 1958
- Taxes: $4,836/yr (2016)
- APN: 139-25-003-A
Features/Amenities: - Avg. Monthly Rent ~$4,000!!
- Zoned C-N (Commercial-Neighborhood) with >200 ft of Frontage on Mesa Drive (Mesa’s most important street)
- 1100 sf additional structure is partially remodeled with 1 bed and 1 bath done, & 2 add’l bedrooms and 2 baths can be completed, resulting in a total of 15/8
- Existing tenants can stay or go, depending on if new owner wants to manage this type of facility or do conventional rentals
- The 2 Homes Are Currently Being Used as a Halfway House
- Rent is Collected on a Room by Room Basis
- 1,044 s.f. Structure has began remodeling, needs to be finished
- Add 3 more rooms and 3 bathrooms!!
- 1.22 Ac Lot has tons of room to build more structures and units!
- Great location on Mesa Dr. gives great visibility!!
Deal Structure: Traditional Sale, Off Market. $3k Non-Refundable Earnest Money to secure.
Access: Occupied - BY APPT ONLY - Do not disturb tenants - Call or Email for Appointment |
