The Newport
1106 East Weber Drive, Tempe, AZ, 85288, US
SGD 12,575,000 | 17 units
JLL is pleased to present Park Mesa, a 42-unit multifamily opportunity in near Downtown Mesa. Built in 1984, the property is made of wood frame and stucco construction with pitched composition shingle roofs and is individually metered for electricity. The community is well-maintained and shows great pride-of-ownership.
Park Mesa benefits from its proximity to the higher education, lifestyle and employment accessibility of Downtown Mesa. Additionally, the Phoenix Metro Light Rail is only about a half mile north of the property and the U.S. 60 is about a mile and a half south, both of which provide residents with access to all other major employment, entertainment, and lifestyle corridors in the metro area.
Park Mesa represents a value-add/revenue enhancement opportunity by updating interior finish levels, continuing to install washer/dryers and converting the laundry room and storage room into a rental unit.