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425 East McKellips Road
Mesa, AZ 85203
Asking Price
$8.70M
Asset Type
Residential Multifamily
Class
Class B
What's Special
Prime 9.51-Acre Multi-Family Development Site - Land <p>Asset Type: Multi-Family Development Site</p><p>APN: 136-24-001A & 136-24-002A</p><p>Total Land Area: +/- 9.51 Acres</p><p>Zoning: RM-4, City of Mesa</p><p>Traffic Counts: Significant daily volume on E. McKellips Road</p><p>Price: $8,699,374</p>
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NOI
$80,000
Cap Rate
0.92%
DSCR
0.15
Underwater
Cash-on-Cash
-16.72%
Monthly Payment
$43,039.756
Annual Cash Flow
$-436,477.072
