Welcome to Seven on Dana. Situated two blocks south of the Main Street development corridor, this property is within walking distance to the light rail. Included in the listing are 2 parcels totaling 1.06 acres; the first parcel is a 7-unit complex (.634 acres) featuring 2 triplexes and a 2-bedroom house. Triplex mix includes one newly updated 3-bed/2 bath, three 2-bed units, a large 1-bed unit, and a studio. The City of Mesa may allow the option to develop and build up to 8 additional units on the second parcel of .43 acres. ProForma Cap Rate is estimated at 5.87%, based on market rents. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.
Listing courtesy of Grace CRE.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.