155 West 2nd Avenue

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155 West 2nd Avenue

Mesa, AZ 85210
Asking Price
$3.00M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

MESA 60: Prime 60-Unit Multifamily Development | Downtown Mesa Arizona Opportunity Zone (QCT) <ul><li>​60 Stacked Multifamily Units (42 2-Bedroom / 2-Bathroom Units & 18 1-Bedroom / 1-Bathroom Units Averaging ~740 SF)</li><li>​Preliminary Site Plan & Architectural Plans Completed (Buyer Can Adopt Existing or Propose New Designs)</li><li>​Planned Amenities: Central Courtyard With Pool, Turfed Recreation Areas, BBQ/Picnic Areas, & Secure Covered Parking</li><li>​Located Within a Certified Opportunity Zone (OZ) & Qualified Census Tract (QCT), Offering Significant Tax Incentives as of May 20

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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