152 N. 56th St

Description

152 N. 56th St
Mesa, AZ 85205

Lot Size: 1.53 Acre
Building Size: 61,969 SF
No. Beds: 78
Property Type: Health Care
# of Stories: 2
Property Subtype: Congregate Senior Housing
Year Built: 1974
Building Class: B
Parking Ratio: 0.42/1,000 SF

Wholesale Price:  $7.49 MM
Retail Price: $13.5 MM

Seller Carry Financing Available:
$3.3 MM Down Payment
2 Year Term/7% Interest Only


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Win-Win Transactions brings you another Incredible wholesale property located in Mesa.  Formerly Copper Heights Assisted Living, this vacant 2-story property with a basement is ideal for multi-family housing, a hotel, or other creative uses (subject to local zoning).  The property includes 78 units: 30 one-bedroom units and 48 studios, each with private bathrooms (tub/shower combo), kitchenette plumbing, and P-tech AC units. The main floor features an office and two spacious recreational/dining areas, perfect for community living. The basement includes a commercial-grade kitchen with a walk-in cooler and freezer. The building is energy-efficient, with a newly repaired roof and solar panels that help reduce utility costs.  The 30 one-bedroom units could easily be converted into two rooms each, making them all studios. This would increase the total to 148 studios. By adding two beds per studio (ideally), the property could accommodate up to 296 beds. The seller is offering seller carry terms of 7% for 2 years with a $3.3 MM down payment.

Contact John at 602-763-3955 for more information and access.

Additional Details

Listing #: 2315

Bedrooms: 6+

Bathrooms: 5+

Property Type: Apartment

Featured: Yes

Available: Yes