Extraordinary Real Estate Services by The Lisa Miguel Team!
Courtesy of: Tradelands Realty
Purchase Type: Sale
MLS ID: 6140995
Year Build: 1961
Status: Active UCB (Under Contract-Backups)
Property Type: Multi-Family
Area: The Lowe Apartments
New Construction: No
Swimming Pool: No
School District: 004 - Mesa Unified District
Address: 47 N HORNE Road
Neighborhood: The Lowe Apartments, Fraser Fields Lots 17-47, 66-96
Great add value opportunity with all units currently rented at below market value. Ad value pro forma places CAP rate above 7% if rents increased to market value. Buildings have newer roofs and are in a prime location. All 2 bedrooms units are large with solid block construction. Financials available with accepted LOI. Please do not disturb tenants, drive by only until inspection period.
The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 17th January, 2021 10:57 AM
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