545 S Hobson, Mesa, AZ 85204

STATUS: SOLD

WHOLESALE: $519,000

EARNEST: $5,000

ARV: $750,000

Five units situated on a 13,500 SF lot near Downtown Mesa and close to the freeway! Easy access to the Light Rail and the many amenities in Downtown such as the newly re-engineered Pioneer Park and all of the new development along Main Street. The complex contains a total of five units. Four units are 2 bed 1 bath and one is a 3 bed 2 bath. Currently rented month-to-month for a total of $2525/mo, which is well below market rate. Renovated 2/1 units are renting for $950-1250/mo. Multifamily units like this are going for $150k/unit rehabbed. See comparable complexes below.

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