Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

​​Cass Stephens - Platinum Living Realty

643-675 E. Brown Road | Mesa, AZ 85203
5 lots/8 Bldgs/16 Units | $2,400,000


Property Description

Large 822+/- SF 2 bedroom, 1 bath units. Unit sizes do vary. Very rare opportunity to acquire a 16 unit/8 building assemblage. 5 lots. Exclusive cul-desac. 1 acre+ combined lot size. High growth area near Downtown, Cubs/A's, & highways.Highly stabilized & well-maintained. Well-over $100,000 in upgrades over last few years.Potential rental growth is significant w/ rents nearby exceeding $1.25/SF. Operating at a
5.4+/- CAP rate w/ 29% estimated. OPEX. 6 CAP trending. Offered with Seller Financing
Only: Terms are 30% down, 5% interest rate, 30 yr amortization, with a 5+ yr term. Seller
prefers no note prepayment. See Seller Financing Addendum (reach out for info). Value-add offering. Expenses estimated. Buyer to project own expenses. Buyer to complete/rely on own due diligence.

For additional information contact me directly Cass Stephens at cstephens@ccim.net or 602-672-3526

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CONTACT ME TODAY! 


My Average SOLD rate is over 98.5% of current list price!

I am a CCIM member - Only 6% of commercial brokers are CCIM members.