6325 E AVALON Street 1-4, Mesa, AZ 85205 (MLS# 6905416)

6325 E AVALON Street 1-4, Mesa, AZ 85205

$680,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $680,000 Last Modified: 12/27/2025

Description

Four on Avalon, a well-maintained single-level, garden-style multifamily asset located in the thriving Mesa submarket. Built in 1984 and zoned R-4, the property consists of four large 2-bedroom / 1-bath units (approximately 864 SF each), each featuring in-unit washer/dryer, refrigerator & dishwasher! Private yards, and central air conditioning—highly desirable amenities that enhance tenant retention and rental demand. Currently operating at 100% occupancy with rents well below market, the asset offers substantial value-add potential through rent optimization (market achievable: $1,250-$1,350 per unit) and optional repositioning for higher and better use. The property's single-story design contributes to lower operating costs, reduced maintenance, and minimal turnover, (continued)

Supplements: making it ideal for investors seeking stable, long-term cash flow with future development upside. Investment Highlights Unit Mix: Four (4) × 2-Bedroom / 1-Bath units, ±864 SF each Building Size: ±3,456 SF | Year Built: 1984 Zoning: R-4 - Allows for multifamily density increases Amenities: In-unit W/D hookups, private yards, central A/C Occupancy: 100% | Current rents significantly below market Upside: Potential 20%+ rent growth and redevelopment options Location Overview Situated in Mesa, Arizona, one of the fastest-growing cities in the Phoenix Metro, Four on Avalon benefits from a strategic location with strong economic drivers, robust population growth, and an expanding employment base. Residents enjoy proximity to The Hub Grill and Bar, Superstition Springs Center, Mesa Arts Center, and Mesa Historical Museum, as well as outdoor recreation at Red Mountain Park and Usery Mountain Regional Park. The property offers excellent transportation connectivity with direct access to major freeways and is less than 15 minutes from Phoenix-Mesa Gateway Airport, ensuring ongoing demand and long-term appreciation potential. All facts and figures are approximate buyer verify information

More Information MLS# 6905416

Contract Info

Ownership: Fee Simple Current Price: $680,000 Sold Price: $680,000 Status: Closed List Date: 2025-08-11

Location, Tax & Legal

Unit #: 1-4 Assessor's Map #: 60 Legal Description (Abbrev): GRANITE REEF VISTA 1 Assessor's Parcel #: 14 Add'l Parcels: No Tax Municipality: Mesa Census Tract: 420203 Taxes: 1135 Legal: GRANITE REEF VISTA UNIT NO 1 Marketing Name: Four on Avalon House Number: 6325 Compass: E Street Name: AVALON St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85205 Zip4: 8944 County Code: Maricopa Subdivision: GRANITE REEF VISTA UNIT NO 1 Assessor Number: 141-60-014 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 8 Lot Size Dimensions: 60x150 Flood Zone: No Total # of Units: 4 Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Salk Elementary School Jr. High School: Fremont Junior High School High School: Red Mountain High School Year Built: 1984 Zoning: C4

Legal Info

Range: 6E Section: 24 Township: 1N Lot Number: 14

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Ceramic Tile: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Annual Ins Exp: 1850 Annual Landscape Exp: 135 Annual Maint Exp: 3577 Annual Mgmt Exp: 4437 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 3232 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Other Expense: 825 Operating Exp: 15191 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 44400

Pmt & Rate Info

Cap Rate: 3.77 Equity: 775000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Exterior Amenities

Desert Landscaping: 1 Partially Fenced: 1 Sidewalk(s): 1 Security Light(s): 1

Interior Features

Unfurnished: 1 Fire/Smoke Alarm(s): 1 Mini Blinds: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Access Type

Alley: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

<1 Space Per Unit: 1 Paved: 1

Electric

SRP: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Special

Owner/Agent: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 925 Avg SqFt: 865 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: VA Loan Years: 30 Closing Cost Split: Seller Assist - A Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 10000 Seller Concession $/%: $

Remarks Misc

Cross Street: Power & Main Geo Lat: 33.416693 Geo Lon: -111.694565

Status Change Info

Off Market Date: 2025-12-10 Under Contract Date: 2025-11-13 Close of Escrow Date: 2025-12-26 Sold Price: $680,000

Income Expenses

Gross Annual Sch Inc: 44400 Net Operating Income: 29209

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Sidewalk(s); Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: <1 Space Per Unit; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: None
Listing Office: Grace CRE
IDX
Last Updated: December - 27 - 2025
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