Four-Unit Apartment
New
For Sale
$699,000
1432 E KNOLL Circle, Mesa, AZ 85203
Each residence includes laundry hookups and a private outdoor patio.
Property Size3,400 SF
Price / SF$205.59
Days on Market6
Property Features for 1432 E KNOLL Circle
General Information
Standard status
Active
Size
3,400 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2BR/1.5BA
Multifamily Units
4
Individually Metered Utilities
water, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,887
Amenities
washer/dryer hookups
spacious outdoor patio area
Building Details
Year Built
1986
Listing Agency:
ML CO Realty
Listed By:
Peter Burch
(602) 614-5574
Source:
Jcluxuryresidential
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ML CO Realty
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Investment Insights
Based on property information with market context.
Built in 1986, this four-unit residential property contains 3,400 square feet. The units are each approximately 850 square feet, with two bedrooms and 1.5 bathrooms. Washer and dryer connections and an outdoor patio are provided for every residence.
Water and electricity are separately metered for each unit. Two residences are occupied by long-term tenants, and one updated unit is expected to become vacant shortly.
Water and electricity are separately metered for each unit. Two residences are occupied by long-term tenants, and one updated unit is expected to become vacant shortly.
Key Highlights
- Four units totaling 3,400 square feet
- Each unit is approximately 850 square feet with 2 bedrooms and 1.5 bathrooms
- Water and electricity are individually metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,217
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,340
$604.3K
Cap Rate 7%
$431,671
$431.7K
Cap Rate 9%
$335,744
$335.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$46.1K $13.56/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$43.2K $12.70/SF
− OpEx
−$13.0K −$3.81/SF
NOI
$30.2K $8.89/SF
Area
Mesa, AZ
Vacancy
6.37%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,340
Cap Rate 7%
$431,671
Cap Rate 9%
$335,744
Alternative Uses
Best Use
Multifamily LT 5
$431.7K
$377.7K – $503.6K
NOI $30,217 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$379.8K
$332.4K – $443.2K
NOI $26,589 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$932.0K
$815.5K – $1.09M
NOI $65,238 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
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Business Placement
Demographics for 85203, AZ
37,962
Population
14,020
Households
2.7
Avg Household Size
33
Median Age
29%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$72,851
Median Household Income
$40,524
Median Earnings
$1,388
Median Rent
$388,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes laundry hookups and a private outdoor patio.
Where is this quadplex located?
The property is located at 1432 E KNOLL Circle Mesa, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four units totaling 3,400 square feet; Each unit is approximately 850 square feet with 2 bedrooms and 1.5 bathrooms; Water and electricity are individually metered
