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6547 E Main Street

Mesa, AZ 85205
  • $3,325,000
  • STATUS: Active
  • ON SITE: 87 Days
  • MLS #: 6426617
UPDATED: 53 min ago
$3,325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

School District:

Description

The Circle RB Lodge is an 18 unit motel with a manager unitand 8 RV / trailer parking spots (5 RV / trailers are ownedand included in the sale) located in the east submarket ofMesa, Arizona. The property is located approximately 8 milesdirectly east of Downtown Mesa via Main Street where a varietyof cultural activities and museums are readily available whichincludes the Mesa Arts Center, Arizona Museum of NaturalHistory, Mesa Contemporary Arts Museum, and the i.d.e.aMuseum. It is also 20 minutes away from two different Mesaspring training parks that bring a ton of seasonal activity tothe area. The property is well located in east Mesa with easyaccess to all parts of the Metroplex, being surrounded by majorthoroughfares such as the Loop 202 (4 miles to the north and.3.5 miles to the east) and Highway 60 (2 miles to the south). Superstition Springs Mall and Mesa Pavilions are also both minutes away where the nucleus of dining and shopping exists for the east Mesa area. The property exhibits popular southwestern style and charm with tons of open space, and a quaint, quiet feel. The project is on 1.76 +/- acres of land and has been operated as a monthly rental and performs well. Value-add opportunities exist through interior renovations as well as through potentially adding units to the RV portion of the property. Prospective investors could continue to operate it as-is or convert to more marketrate apartments. A future redevelopment play is also an option given the large land size and redevelop the site entirely in the future. This property has many different options and is a strong performer with solid in-place financials. Mesa continues to be one of the most sought-after submarkets for new multifamily residential and mixed-use development with its proximity to one of the nation's largest universities, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-09-26T10:26:53.96.
www.beckygarcia.com/homes/130445825
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6547 E Main Street Mesa, AZ 85205

  • Price: $3,325,000
  • Status: Active
  • On Site: 87 Days
  • Updated: 53 min ago
  • MLS #: 6426617
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Desert Wells AMD
County:
Maricopa
Area:
Mesa
School District:
004 - Mesa Unified District
Property Description
The Circle RB Lodge is an 18 unit motel with a manager unitand 8 RV / trailer parking spots (5 RV / trailers are ownedand included in the sale) located in the east submarket ofMesa, Arizona. The property is located approximately 8 milesdirectly east of Downtown Mesa via Main Street where a varietyof cultural activities and museums are readily available whichincludes the Mesa Arts Center, Arizona Museum of NaturalHistory, Mesa Contemporary Arts Museum, and the i.d.e.aMuseum. It is also 20 minutes away from two different Mesaspring training parks that bring a ton of seasonal activity tothe area. The property is well located in east Mesa with easyaccess to all parts of the Metroplex, being surrounded by majorthoroughfares such as the Loop 202 (4 miles to the north and.3.5 miles to the east) and Highway 60 (2 miles to the south). Superstition Springs Mall and Mesa Pavilions are also both minutes away where the nucleus of dining and shopping exists for the east Mesa area. The property exhibits popular southwestern style and charm with tons of open space, and a quaint, quiet feel. The project is on 1.76 +/- acres of land and has been operated as a monthly rental and performs well. Value-add opportunities exist through interior renovations as well as through potentially adding units to the RV portion of the property. Prospective investors could continue to operate it as-is or convert to more marketrate apartments. A future redevelopment play is also an option given the large land size and redevelop the site entirely in the future. This property has many different options and is a strong performer with solid in-place financials. Mesa continues to be one of the most sought-after submarkets for new multifamily residential and mixed-use development with its proximity to one of the nation's largest universities, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex.
Exterior Features

Construction Other (See Remarks) Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Lot Size Dimensions 321' X 239' Parking CarportOther (See Remarks) Roads Asphalt Roofing Other (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating Other

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Ownr Asoc Fee 0.00 Community Amenities Other Cross Street Main St And Recker Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 206370.00 New Financing Other (See Remarks) Operating Exp 14224.00 Other Income 0.00 Other Type Hotel/MotelHouse + Rental UnitsOther (See Remarks) Owner Pays ElectricLandscapingOtherSewerTrash CollectionWater Project Type 13 - 24 UnitsOther (See Remarks)Rv Park Sale Includes Land & BuildingOther (See Remarks) Sewer Other (See Remarks) Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Mesa Taxes 14224.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.00 Water Other Zoning Lc

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-09-26T10:26:53.96.
 
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The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382