830 Alma School Rd Mesa, AZ 85201

Exceptional investment opportunity awaits with The Rio, a 44-unit apartment building in Mesa, Arizona. This garden-style community, built in 1986 and extensively renovated in 2023, boasts 36,600 square feet of rentable space situated on a 1.79-acre lot. The property features a mix of spacious one and two-bedroom floor plans, all equipped with in-suite washers and dryers. Approximately 61% of units showcase premium finishes including vinyl plank flooring, quartz countertops, stainless steel appliances, and upgraded bathrooms. The remaining units present a significant value-add opportunity for a new owner to complete the renovation program and further increase revenue. The Rio benefits from a prime location in a rapidly growing Mesa submarket, with high visibility along Alma School Road (approx. 31,000 vehicles per day) and proximity to key employment centers, retail, and dining options, including the Novus Innovation Corridor and Loop 202. The property is individually metered for electricity and features well-manicured landscaping with mature shade trees. The property's APN is 135-33-268. This is a rare chance to acquire a well-maintained, high-potential multifamily asset in a thriving Arizona market. The asking price is $11,500,000.