May Garden Apartments 35 N May St 12 Unit Apartment Building $2,000,000 ($166,667/Unit) 5.61% Cap Rate Mesa, AZ 85201

May Gardens Apartments is a well-maintained, 12-unit multifamily community located in the heart of Mesa, Arizona. The property features a mix of ten (10) one-bedroom, one-bath units and two (2) two-bedroom, one-bath units, each equipped with full-size appliances and individual electric meters. The interiors are in good overall condition, offering a clean and comfortable living environment for tenants.
The property includes an on-site laundry facility that provides both added convenience for residents and additional income for ownership. The current owners have owned and maintained the property long-term, ensuring consistent care and upkeep over the years. Recent improvements include the replacement or rebuild of two HVAC units and partial roof work completed within the last 18 months, minimizing near-term maintenance needs.
Strategically positioned just southeast of the Loop 101 and Loop 202 interchange, May Gardens enjoys easy access to major transportation corridors and sits within walking distance of the Valley Metro Light Rail. Downtown Mesa, with its vibrant mix of dining, retail, and entertainment options, is only minutes away. The surrounding neighborhood consists primarily of single-family homes and other multifamily communities, creating a stable, well-established residential environment.
With 100% occupancy, professional management in place, and a desirable location near key transportation and employment hubs, May Gardens represents a turnkey investment opportunity in one of the East Valley’s most promising submarkets.