Mesa Multifamily For Sale | Rancho Palos Verdes | Bulk Condos Mesa AZ

On February 20, 2014 by Vestis Group

Mesa Multifamily For Sale | Rancho Palos Verdes | Bulk Condos Mesa AZ

Multifamily For Sale in Mesa Arizona – 11 Units (Bulk Condos)

 

Rancho Palos Verdes, 11-Units - Mesa, AZ

 

Rancho Palos Verdes, 11-units (Multifamily)

225 N Gilbert Rd, Mesa AZ 85203

$704,000

9,588 SF Bldg

11 Units

7.23% Cap Rate

Garden/Low-rise

AVAILABLE FOR SALE

 

 

AREA DESCRIPTION

Rancho Palos Verdes Condominiums is situated along North Gilbert Road, just South of University Drive, a major East-West thoroughfare running through Mesa, Arizona. Numerous re-development projects (commercial, multi- family and single-family) are situated in the immediate vicinity of the subject property. Rancho Palos Verdes is also convenient to public transportation, with bus service provided along Gilbert Road, University Drive and Main Street.

Rancho Palos Verdes enjoys an excellent Mesa location. The property enjoys major street exposure along Gilbert Road and is within walking distance to University Drive and Main Street. Rancho Palos Verdes is within close proximity to Loop 202 and US 60 Freeways. The Mesa Light Rail Gilbert Road Extension, projected to break ground in early 2014, will bring Light Rail service to within walking distance of Rancho Palos Verdes at the corner of Gilbert Road and Main Street. The Loop 202 and US 60 Freeways allow for a convenient commute to Downtown Phoenix, Scottsdale, Tempe, Chandler and Sky Harbor International Airport. Rancho Palos Verdes has several schools in the area including Arizona State University and Mesa Community College. Major employers in the area include The Boeing Company, Banner Desert Medical Center, Banner Baywood Medical Center and Empire Southwest/ Caterpillar, LLC. Neighborhood retail includes Fiesta Mall, Wal-Mart, Walgreens, Basha’s, Fry’s and Trader Joes.

 

PROPERTY DESCRIPTION

11 units available for sale as a package (bulk condos), inside Rancho Palos Verdes, a 152 unit, garden-style condominium community located in Mesa, Arizona. Built in 1989, Rancho Palos Verdes has a combination flat foam and pitched concrete tile roof and wood-frame and stucco construction, two-level buildings with apartment and townhome style units. Rancho Palos Verdes was recently painted (trim and fascia) and the pool was resurfaced in 2012. The unit mix is comprised of 3 one-bedroom / one-bath units of approximately 700 square feet, 6 two- bedroom / two-bath units of approximately 900 square feet and 2 two-bedroom / two-bath townhome units of approximately 1,044 square feet. All the units have private backyards/patios, extra storage in the patio area, full- size in-suite washer/dryers, spacious kitchens and large closets. Common area amenities include a fitness center, clubhouse, onsite management office, swimming pool, covered parking, barbecue areas, and controlled access gates.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PROPERTY TOURS WILL BE SCHEDULED UPON RECEIPT OF LETTER OF INTENT AND PROOF OF FUNDS – PLEASE ALLOW 48-HOURS NOTICE. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

 

PHOTOS

       

 

ADVISORS

Chad Barber | 602-281-6202 x5

Natan Jacobs | 602-281-6202 x1

Les Litwin | 602-281-6202 x2

 

REQUEST OFFERING MEMORANDUM

 

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