Park Mesa
East Broadway Road 1547, Mesa, AZ, 85204, US
A$13,013,000 | 42 units
Asset Description
JLL is pleased to present The Oasis, a 26-unit lender-owned (REO) multifamily opportunity in the North Mountain submarket of Metro Phoenix with significant rent upside. Built in 1968 and recently re-branded/repositioned, the property is made of block construction with pitched composition shingle roofs and is individually metered for electricity. In addition, the property has been extensively updated with newer roofs, newer HVAC units, updated interior electrical panels, in-suite washer/dryers and resurfaced parking lot.
The Oasis benefits from its proximity to the 1-17 freeway and the Valley Metro light rail, providing excellent access to economic drivers. Minutes from the community are the I-17 employment corridor, the $1B Metrocenter redevelopment, and ample retail and dining options. Strong demand drivers have increased demand for multifamily housing in the area.
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Attributes
Asking price
A$7,339,000
Number of units
26 units
Year built
1968
Building area net
1,889 m²
Media
Investment Highlights
- Lender Owned (REO) Offering
- Newer Roofs, HVAC, Electrical Panels, and In-Suite Washer/Dryers
- Desirable Location Walkable to the Phoenix Metro Light Rail
- 100% Two-Bedroom Floor Plans with Private Patios and Significant Rent Upside
- Low-Density, Single-Story Community
- Attractive Seller Financing Available
Contact brokers
The Oasis (0 Properties)
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Last updated
5 Jun 2024
