1142-1150 N April Cir, Mesa, AZ

Property Overview: 9-unit multifamily asset constructed in 1970
Desirable Unit Mix: Features (1) one-bedroom/one-bath unit, (5) two-bedroom/one-bath units and (3) three-bedroom/one-bath units
Unit Size: Spacious average unit size of approximately 890 square feet
In-Place Income: Strong current average rent of $1,442 per unit
Investment Yield: Attractive 8.86% current cap rate (self-managed), offering immediate cash flow
Pricing Advantage: Compelling basis relative to replacement cost and market comparables
Value-Add Potential: Clear opportunity to enhance returns through continued interior and exterior renovations, with upside in rental income and overall asset performance

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