1855 E Berry Cir

Mesa AZ 85204

Multi-Family

Currently for sale - view listing

Overview

Opportunity knocks! Check out this package of 4 single family homes. All are 3 bed, 2 bath homes on nice sized lots. Three of them are located in the same neighborhood and the fourth is just a half a mile away. This is a value-add opportunity. All tenants are currently month to month and rents have not been raised in approximately 3 years. Current cap rate is 3.92% with average rent of $1500 which is well below market. Raise rents to $1850 (still below market) and cap rate goes to 5.02% (see documents tab). Tenants pay all utils! This is a great investment package with a lot of flexibility due to separate parcels. No showings or inspections without an accepted offer. Do not disturb tenants. Drive-by Only. 1848 & 1855 E Berry Circle, 1841 E Jarvis Avenue and 2307 E 3rd Drive Mesa, AZ 85204.