2259 west ella street
MESA, AZ 85201
CAP RATE PRO FORMA:
GRM PRO FORMA:
Woodridge Apartments is a 30-unit apartment community located in Mesa, Arizona, the state's third largest city. The property is conveniently located within walking distance to Main Street businesses with direct and easy access to the new METRO light rail transit system; also a few blocks to the west is the Pima Freeway serving the entire Valley of the Sun. The subject property is also within close proximity to downtown Mesa and the city's new arts and entertainment district. It is estimated that approximately 7,000 employees work in downtown Mesa, which has an economic impact of $2 billion annually.
This two-story complex was built in 1980 and 1981 of block, wood frame and pitched roofs. Unit amenities include refrigerators, dishwashers, and back patios on the downstairs units. There is also an on-site laundry room and maintenance shed with plumbing and air conditioning. The property has been owned by the same partnership since 1988.
Sold at 97.2% of List Price
Below Market Price Opportunity
Located in Arizona's Third Largest City
Within Walking Distance to METRO Light Rail
Close to Banner Desert Medical Center (3,400 Employees)
Close to Mesa Community College with Over 27,000 Students
Construction - 1980/1981
On-Site Laundry Facility