5816 E Albany St

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5816 E Albany St

Mesa, AZ 85205
Asking Price
$690K
Cap Rate
6.33%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit multifamily apartment building located in Mesa, Arizona.
  • Property offered for sale at an asking price of $689,900.
  • Investment opportunity delivering a current cap rate of 6.33%.
  • Asset located at 5816 E Albany St in the 85205 zip code.
  • Positioned for long-term residential rental income in a growing market.

What's Special

Mesa serves as a key component of the Phoenix metropolitan area, benefiting from steady population growth and a robust regional economy. This multifamily apartment building, situated at 5816 E Albany St, is positioned within this expanding suburban landscape. The property consists of four units, presenting a straightforward investment acquisition for those seeking to enter or expand within the Arizona residential market. Its size and configuration make it a manageable asset for private investors or smaller portfolios looking for consistent occupancy potential in a stable residential corridor. Residents here enjoy convenient access to local arterial roads and the broader transit network connecting to major regional employment hubs. The asset functions effectively as a long-term rental income generator, suitable for professional management or value-add strategies intended to optimize operational performance over time.

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NOI
$80,000
Cap Rate
11.60%
DSCR
1.95
Strong
Cash-on-Cash
18.86%
Monthly Payment
$3,413.249
Annual Cash Flow
$39,041.015

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