1138 S Meridian Road Unit -, Mesa, AZ 85208
- $1,750,000
- Sold Price
- $1,750,000
- List Price
- $2,160,000
- Closing Date
- Oct 18, 2024
- Days on Market
- 9
- Status
- CLOSED
- MLS#
- 6769202
- City
- Mesa
- Lot Size
- 182,967
Property Description
Prime development opportunity!! Recently re-zoned from RS-42 to RM-3 PAD, the property is approved for 72 garden-style apartment units across three buildings, offering a mix of 1 BD, 2 BD, and 3 BD units. The location is ideal, with proximity to Eastmark, Mesa-Gateway Airport, and major healthcare employers. The area boasts strong rental demand and sale values for new residential housing, supported by an annual household income of over $80,000 within a 1-mile radius.
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Additional Information
- Acres
- 4.20
- Electric
- SRP
- Lot Size
- 182,967
- New Financing
- Cash, Other (See Rmks), Seller Approve Terms, 1031 Exchange, Conventional
- Sewer
- Public Sewer
- Taxes
- $1,328
- Tax Year
- 2023
- Water
- City Franchise
- Zoning
- RM-3 PAD
Courtesy of Compass. 480-776-1555 Selling Office: My Home Group Real Estate.
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