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Details
903 East 5th Street is comprised of 3 units, a 3 bedroom 2 bathroom home totaling 1,382 square feet and a duplex totaling 1,176 square feet (average of 588 square feet/unit), offering a great opportunity to capitalize on an owner-occupied investment strategy. By living in the 3 bedroom home and renting out the two additional units, future ownership is provided lower barriers to entry into the multifamily investment space and advantageous financing offered to single-family residential properties that traditional multifamily investments do not qualify for. Also, there is an opportunity to implement an elevated upgrade package to 100% of the units resulting in an associated monthly renovation premium of $200 per unit.PROPERTY FEATURES
Water Source :
Master Meter
Sewer Source :
Public Sewer
Electric :
SRP
Community Features :
No Pool
Parking Features:
>1 Space Per Unit
Cooling:
Individual, Ceiling Fan(s)
Heating :
Individual, Ceiling
Construction Materials:
Painted, Block, Brick
PROPERTY DETAILS
Street Address: 903 E 5th Street
City: Mesa
State: Arizona
Postal Code: 85203
County: Maricopa
MLS Number: 6561591
Year Built: 1961
Courtesy of Marcus & Millichap
City: Mesa
State: Arizona
Postal Code: 85203
County: Maricopa
MLS Number: 6561591
Year Built: 1961
Courtesy of Marcus & Millichap
Courtesy of DeLex Realty