$516,500
$399,900
29.2%For more information regarding the value of a property, please contact us for a free consultation.
102 S POMEROY Street Mesa, AZ 85210
7 Beds
Key Details
Sold Price $516,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mesa
MLS Listing ID 7058538
Sold Date 10/15/26
Bedrooms 7
Year Built 1960
Annual Tax Amount $1,406
Tax Year 2025
Lot Dimensions Approx. 152.35ft x 49.95ft
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This rare to market stable, seven unit apartment building is walking distance to the light rail Near Downtown Mesa and consists of seven 1 bedroom and 1 bathroom units. Most of the tenants have been in their units for many years, and some have even lived there for decades. The photos we have are from 2024 when the last unit turned over. All units currently rented at $850 or more per month except one, so there is a little room to increase rents as the units turn over. Listed at a 6.1 CAP Rate generating just under $24,380 NOI in the last twelve months with very stable tenant mix, increased income opportunity, and long term value investment near Downtown Mesa.
Location
State AZ
County Maricopa
Community Mesa
Area Maricopa
Zoning R-TC, DR-3
Direction From Mesa & Main, head South to 1st Ave and turn Right/West onto 1st Ave. Pomeroy is your first street on the left, and the property is the building on the SW Corner of 1st Ave and Pomeroy.
Interior
Heating Natural Gas
Cooling Electric, 2 or More Units
Flooring Carpet
Appliance Free-Standing Range, Disposal, Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven
Exterior
Parking Features Off Street, Paved, 1 Space/Unit, On Street
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Others
Senior Community No
Tax ID 138-66-021
Ownership Fee Simple
Acceptable Financing Cash, No Carry, Conventional
Disclosures None
Listing Terms Cash, No Carry, Conventional
Financing Conventional
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Bought with LRA Real Estate Group, LLC