AZ > Mesa > Granite Reef Vista Unit No 1
Mesa, AZ 85205,6325 E AVALON Street #1-4
Mesa, AZ 85205,6325 E AVALON Street #1-4
Mesa, AZ 85205,6325 E AVALON Street #1-4
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$775,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Granite Reef Vista Unit No 1

MLS Listing ID 6905416

Maintenance Fees $3,577

Year Built 1984

Annual Tax Amount $1,135

Tax Year 2024

Lot Dimensions 60x150

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Four on Avalon, a well-maintained single-level, garden-style multifamily asset located in the thriving Mesa submarket. Built in 1984 and zoned R-4, the property consists of four large 2-bedroom / 1-bath units (approximately 864 SF each), each featuring in-unit washer/dryer, refrigerator & dishwasher! Private yards, and central air conditioning—highly desirable amenities that enhance tenant retention and rental demand.
Currently operating at 100% occupancy with rents well below market, the asset offers substantial value-add potential through rent optimization (market achievable: $1,250-$1,350 per unit) and optional repositioning for higher and better use. The property's single-story design contributes to lower operating costs, reduced maintenance, and minimal turnover, (continued) making it ideal for investors seeking stable, long-term cash flow with future development upside.

Investment Highlights
Unit Mix: Four (4) × 2-Bedroom / 1-Bath units, ±864 SF each

Building Size: ±3,456 SF | Year Built: 1984

Zoning: R-4 - Allows for multifamily density increases

Amenities: In-unit W/D hookups, private yards, central A/C

Occupancy: 100% | Current rents significantly below market

Upside: Potential 20%+ rent growth and redevelopment options

Location Overview
Situated in Mesa, Arizona, one of the fastest-growing cities in the Phoenix Metro, Four on Avalon benefits from a strategic location with strong economic drivers, robust population growth, and an expanding employment base. Residents enjoy proximity to The Hub Grill and Bar, Superstition Springs Center, Mesa Arts Center, and Mesa Historical Museum, as well as outdoor recreation at Red Mountain Park and Usery Mountain Regional Park.
The property offers excellent transportation connectivity with direct access to major freeways and is less than 15 minutes from Phoenix-Mesa Gateway Airport, ensuring ongoing demand and long-term appreciation potential.
All facts and figures are approximate buyer verify information

Location

State AZ

County Maricopa

Community Granite Reef Vista Unit No 1

Zoning C4

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Ceramic Tile

Appliance Built-In Range, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup

Exterior

Parking Features Paved, <1 Space Per Unit

Community Features No Pool

Roof Type Composition

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Salk Elementary School

Middle Schools Fremont Junior High School

High Schools Red Mountain High School

School District Mesa Unified District

Others

Senior Community No

Tax ID 141-60-014

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

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Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Grace CRE

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