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1142 N APRIL CIR
MESA, AZ 85203
Asking Price
$1.40M
Cap Rate
8.86%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
9 Units | 8.86% Current Cap Rate | Mesa, AZ <ul><li><strong>Property Overview:</strong> 9-unit multifamily asset constructed in 1970</li><li><strong>Desirable Unit Mix:</strong> Features (1) 1+1 unit, (5) 2+1 units, and (3) 3+1 units</li><li><strong>Unit Size: </strong>Spacious average unit size of approximately 890 square feet</li><li><strong>In-Place Income:</strong> Strong current average rent of $1,442 per unit</li><li><strong>Investment Yield:</strong> Attractive 8.86% current cap rate (self-managed), offering immediate cash flo
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234
