Prime Properties Mesquite
Listed by Prime Properties Mesquite
$720,000
Central Mesquite 4 plex
Details
APN 00116603002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,080
Units 4
Cap Rate 7.33%
NOI $52,800
Occupancy 80%
Pro-Forma Cap Rate 8%
Pro-Forma NOI $57,600
Price per SqFt $234
Broker Co-Op Yes
Class B
Year Built 1988
Year Renovated 2023, 2024, 2025
Buildings 1
Stories 2
Acreage 0.220
Zoning R4
Investment Type Value Add
Occupancy Date 03/21/2026
Multifamily | 4 Units | $197,250/unit - Central Town Location - Remodeled 2023-2025
Investment highlights
- Recently remodeled 2023-2025
- Great central location walking distance to shopping, schools, recreational amenities, parks, youth activites, more.
- Add rental income and value by more suggested improvements.
- FULLY LEASED AT AVERAGE OF $1150/MO. WITH IMPROVEMENTS, PROJECTED TO INCREASE RENTS TO $1250/MO.
Listing Contacts
Prime Properties Mesquite
Listed by Prime Properties Mesquite
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,800.00
$4,400.00/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
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