$950,000 Price Analysis    ♡   Mesa, AZ 85203 Unknown bed 0 bath unknown SqFt ($0/SqFt) 3,804SqFt lot. Built 1980 Listed 2024-07-09, Taxes $1,717 | Ⓧ USDA Ineligible due to price & location near Mesa |
Discover an advantageous investment opportunity in Mesa's sought-after rental market with this well-maintained four-unit property.
Plus, it is ideal for investors seeking a 1031 exchange or a stable income stream. Located minutes from downtown Mesa, this desirable multi-family home features recent upgrades, including two newly remodeled units. All units are currently rented and tenants are responsible for electricity and gas. The apartment mix includes a roomy single-level unit with three bedrooms and two baths, two townhome-style units each with two bedrooms and 1.5 baths and a private two bedroom, 1.5 bath apartment abve the garages. Recent enhancements include new outlets, switches, washer and dryer hookups, efficient 14 SEER heat pumps and modern LED exterior lighting.
Additional upgrades feature a newer roof, refreshed exterior paint and two units recently remodeled to attract higher rents. Shared garages have been converted into private single-car garages with openers and remotes, enhancing tenant satisfaction and property value. Residents enjoy a community pool, private patios, garage parking and professionally maintained landscaping. Detailed Cap Rates and improvement records are available upon request, highligh ting strong rental income potential and historical performance. Do not miss this rare opportunity to acquire a turnkey multi-family property in Mesa. Contact the listing Agent if you have any questions or need further assistance!
Presented by John Lilly at
Arizona Best Real Estate.
Property MLS #6728850 from ArizonaRegionalMLS
Microwave
W/D Hookup
Heating Features: Heat Pump, ENERGY STAR Qualified Equipment
Heating: Yes
Parking Total: 4
Lot Size Dimensions: 3804
Lot Size Square Feet: 3804
Calculated Total Monthly Association Fees: 0
High School: Westwood High School
Middle School: Kino Junior High School
School District: Mesa Unified District
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Directions: West on Brown Rd, north at third turn into complex, 4-plex is located in the northwest corner of the complex - Building 4, Units 41-44.
Tax Year: 2023
Source Property Type: Multiple Dwellings
Source Neighborhood: SUN GARDENS REPLAT
Owner Pays: Trash Collection, Water, Sewer
Parcel Number: 137-09-324
Postal Code Plus 4: 4939
Subdivision: SUN GARDENS REPLAT
Zoning: RM-4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $33,350 + $8,330 $41,680 | $1,717 |
| 2020 | $28,590 + $7,140 $35,730 | $1,715 |
| 2019 | $24,120 + $6,030 $30,150 | $1,603 |
| 2018 | $18,110 + $4,520 $22,630 | $1,538 |
| 2017 | $15,370 + $3,840 $19,210 | $1,492 |
| 2016 | $14,260 + $3,560 $17,820 | $1,465 |
| 2015 | $12,640 + $3,160 $15,800 | $1,376 |
| 2014 | $9,590 + $2,390 $11,980 | $1,381 |
| 2012 | $7,540 + $1,880 $9,420 | $1,236 |
| 2011 | $8,970 + $2,240 $11,210 | $1,325 |
| 2009 | $9,120 + $800 $9,920 | $778 |
| 2008 | $15,540 + $3,880 $19,420 | $959 |
| 2007 | $5,760 + $1,440 $7,200 | $572 |
$950,000
ArizonaRegionalMLS
Sold 2011-04-05
$99,000
Public Record
Sold 2005-10-11
$450,000
Public Record
Sold 2005-08-31
$375,000
Public Record
Sold 2005-03-14
$375,000
Public Record
Sold 2003-05-30
$277,250
Public Record
Sold 1998-07-15
$150,000
Public Record
Building Exterior Type: Stucco, Frame - Wood
Construction Materials: Stucco, Frame - Wood
Property Age: 44
Roof: Composition
Water Source: City Franchise, Master Meter, Individual Meter
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.