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750 E 1st Ave, Mesa, AZ 85204

  • $2,400,000

  • 8

    bed

  • 8

    bath

Multi-family active under contract 138 days
24 homes bought nearby with Movoto recently

About 750 E 1st Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Property description
750 E 1st Avenue presents a 16 unit multifamily investment opportunity in the heart of Mesa, Arizona. Offering stable in-place income with clear operational upside. Comprised of a desirable mix of studio and 1bed/1bath units, the property is well positioned to capitalize on continued rental demand in a strong workforce housing corridor. Located just minutes from Downtown Mesa, light rail access, major freeways, and expanding retail and employment hubs, the asset combines dependable cash flow with long term growth potential in one of the East Valley's most active submarkets.
Listed by
Listing Agent - Jackson Everhart
Listing Office - Orion Investment Real Estate
Source: ARMLS mls logo
MLS#6989123 • last updated 1 month ago
Movoto checked ARMLS for data 10 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Individual
Heating Individual, Electric
MLS # 6989123
Type Multiple Dwellings
Status Active Under Contract
Property Tax 298
Year Built 1978
Interior
Flooring Tile
Appliances Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer
Exterior
Roof Composition, Foam
Construction Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 22
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision CHULA VISTA AMD
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 138-28-079
Zoning MF Or FBC T4
Directions Head West On Mesa's New Main Street To Horne, South On Horne And The Property Is On The North West Corner Of Horne And 1st AVE
Multifamily Details
Total # of Units 16
Expense: Operating 298
Financial Data Source Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 142800
Gross Income 193800
Gross Scheduled Income 204000
Lot/ Land Details
Road Surface Asphalt
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3/10
Lowell Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Fraser

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63/100
Walk
92/100
Family
87/100
Dining
96/100
Pet
  • Real Estate
  • AZ
  • Maricopa County
  • Mesa
  • 85204
  • Fraser
  • 750 E 1st Ave

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