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1938 N Alta Mesa Drive, Mesa, AZ 85205


  • For Sale
  • Active
  • Multi-Family
1938 N Alta Mesa Drive, Mesa, AZ 85205 View this property at 1938 N Alta Mesa Drive, Mesa, AZ 85205
1938 N Alta Mesa Drive Mesa AZ 85205

Property Description

The Sacturary at Alta Mesa is a Build For Rent (BFR) investment opportunity consists of 31 fee simple lots currently under construction built as Single Family Residential Rental properties. The rental subdivision is located in Mesa, AZ. These quality new build homes for rental investment features an opportunity for Buyer to purchase homes at Certificate of Occupancy and place tenants prior to completion so the investment is immediately cash flowing. Currently professionally managed and two homes have already been leased at Certificate of Occupancy.The Sanctuary at Alta Mesa offers three spacious floor plans ranging in size from 2,118/sf, 2,136/sf, and 2,482/sf. Pre-leasing is underway for the homes, creating an immediate cash flow and
return on your investment from day one!

Full Property Details for 1938 N Alta Mesa Drive

  • Price: $8,800,000
  • Taxes: $55,800
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 5661485
  • Updated: 9/16/2017
  • Added: 89 day(s) ago

Property History

  • 1938 N Alta Mesa Drive, Mesa, AZ
  • Listed at $8,800,000 on 9/16/17


  • Includes: Land & Building


  • Appliances: Refrigerator, Washer and Dryer Hookups, Microwave, Disposal
  • Flooring: Concrete

Additional Information

  • Shared Amenities: No Pool


  • Covered Spaces: 62
  • Parking Features: Garage


  • County: Maricopa
  • Subdivision: Sanctuary at Alta Mesa
  • Cross Streets: Higley Rd & McKellips Rd
  • Driving Directions: From the Intersection of Higley Rd & McKellips Rd, Drive East on McKellips Rd to Entry at Santuary at Alta Mesa on South Side of McKellips Rd.

School Information

  • Elem School District: 004 - Mesa Unified District
  • High School District: 004 - Mesa Unified District
  • Elementary School: Bush Elementary
  • Middle School: Franklin Junior High School
  • High School: Red Mountain High School

Heating & Cooling

  • Cooling Type: Electric Refrigeratd
  • Heating Type: Electric


  • Gas: Other (See Remarks)
  • Sewer: Public Sewer
  • Water: Individual Meter

Structural Information

  • Construction: Frame - Wood
  • Exterior Const.: Painted
  • Roof: Composition Shingles
  • Year Built: 2017

Unit Information

  • 4 Bedroom Units: 31
  • 4 Bedroom Baths: 25
  • 4 Bedroom Sq. Ft.: 2,212

Lot Features

  • Lot Dimensions: 181959
  • Zoning: RM-2

Financial Considerations

  • Tax Amount: $55,800
  • Terms: Other (See Remarks)
  • Owner Pays: Landscaping
  • Tenant Pays: Water, Cable TV, Trash, Electric, Sewer

Disclosures and Reports

  • Lot: 1

Listed by Lux Home Realty

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Estimate the Cost

1938 N Alta Mesa Drive will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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In the Community

Nearby Schools

1938 N Alta Mesa Drive, Mesa, AZ 85205 (MLS# 5661485) is a Multi-Family property with 31 units containing 0 bedrooms and 0 full bathrooms. 1938 N Alta Mesa Drive is currently listed for $8,800,000 and was received on September 16, 2017. Want to learn more about 1938 N Alta Mesa Drive? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

Listed by Lux Home Realty