CLOSED ESCROW

MULTIFAMILY OFFERING

2259 west ella street

MESA, AZ 85201

PRICE:

PRICE/UNIT:

PRICE/SF:

CAP RATE PRO FORMA:

GRM PRO FORMA:

YEAR BUILT:

$700,000

$23,333

$37

8.43%

3.64

1980

DEAL HIGHLIGHTS​:

  • Sold at 97.2% of List Price

  • Multiple Offers

  • Quick Close

 

ASSET HIGHLIGHTS

  • 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

THE ASSET

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.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

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