6325 E Avalon Street Unit 1-4, Mesa, AZ 85205
- $680,000
- Sold Price
- $680,000
- List Price
- $695,000
- Closing Date
- Dec 26, 2025
- Days on Market
- 121
- Status
- CLOSED
- MLS#
- 6905416
- City
- Mesa
- Subdivision
- Granite Reef Vista Unit No 1
- Year Built
- 1984
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
Additional Information
- Elementary School
- Salk Elementary School
- High School
- Red Mountain High School
- Middle School
- Fremont Junior High School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- VA Loan, FHA, Conventional, Cash
- Parking Features
- Paved, <1 Space Per Unit
- Roofing
- Composition
- Subdivision
- Granite Reef Vista Unit No 1
- Taxes
- $1,135
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV
- Units
- 4
- Water
- City Franchise
- Zoning
- C4
Courtesy of Grace CRE. 602-975-5516 Selling Office: HomeSmart.
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