The 5th Ave Apartments | 725 W 5th Ave
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The 5th Ave Apartments 725 W 5th Ave
4 Unit Apartment Building $649,999 ($162,500/Unit) Mesa, AZ 85210
Executive Summary
*EXCLUSIVELY LISTED BY ORION INVESTMENT REAL ESTATE'S CODY LESLIE
The 5th Ave Apartments is a 4-unit multifamily opportunity located in the South Central Submarket of Mesa, Arizona. The neighborhood, known as the Kleinman Park Neighborhood, boasts a strong demand for continual rental housing in a market that continues to experience significant job and economic growth. Originally built in 1959, it’s nearly impossible to find an asset so strategically positioned near the "RAILmesa" (Retail, Arts, Innovation & Livability) Community Area. Several economic drivers support this location, including education, retail, manufacturing, distribution, construction, and healthcare.
This property is an amazing opportunity for an investor looking for a well-built, oversized, one- and three-bedroom multifamily investment property with washer/dryer hookups, separate storage space for each unit, garage and covered parking spaces, huge yards, and an incredible opportunity to buy at a low basis and increase rents! The property boasts a large courtyard and separate yards for the tenants, located in the heart of a market that is continuing to see major job growth and appreciation.
The 5th Ave Apartments is a 4-unit multifamily opportunity located in the South Central Submarket of Mesa, Arizona. The neighborhood, known as the Kleinman Park Neighborhood, boasts a strong demand for continual rental housing in a market that continues to experience significant job and economic growth. Originally built in 1959, it’s nearly impossible to find an asset so strategically positioned near the "RAILmesa" (Retail, Arts, Innovation & Livability) Community Area. Several economic drivers support this location, including education, retail, manufacturing, distribution, construction, and healthcare.
This property is an amazing opportunity for an investor looking for a well-built, oversized, one- and three-bedroom multifamily investment property with washer/dryer hookups, separate storage space for each unit, garage and covered parking spaces, huge yards, and an incredible opportunity to buy at a low basis and increase rents! The property boasts a large courtyard and separate yards for the tenants, located in the heart of a market that is continuing to see major job growth and appreciation.
Property Facts
| Price | $649,999 | Property Subtype | Apartment |
| Price Per Unit | $162,500 | Apartment Style | Garden |
| Sale Type | Investment | Building Size | 3,133 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Price | $649,999 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Size | 3,133 SF |
| No. Stories | 1 |
| Year Built | 1959 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 783 |
| 3+1 | 1 | - | 783 |
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PROPERTY TAXES
| Parcel Number | 134-10-023 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $15,017 |
PROPERTY TAXES
Parcel Number
134-10-023
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$15,017
zoning
| Zoning Code | R-2, City of Mesa (Residential) |
| R-2, City of Mesa (Residential) |
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Cody Leslie -
ORION Investment Real Estate
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The 5th Ave Apartments | 725 W 5th Ave
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