1041 N MESA Drive, Mesa, AZ 85201

$5,100,000
Property Type: Multiple Dwellings Status: Active
Current Price: $5,100,000 Last Modified: 5/06/2025

Description

All Facts & Figures Approximate, Buyer to Verify to Their Satisfaction. Discover a remarkable multiplex that promises a solid investment. This well-maintained property features 24 spacious units, each generating reliable rental income while showcasing significant investment potential. Long Term Owners and Tenants. All Single Level Buildings. with Newer Air Conditioners Walking Distance to Shopping. Great Parking Along With Street Parking. Please Do Not Disturb Tenants.

Supplements: Each unit is individually metered for electricity, simplifying utility management and maximizing profitability. The property boasts Ample parking spaces, ensuring ample parking for both residents and guests, further enhancing its overall convenience and appeal. Additionally, which boosts tenant comfort and desirability. Mesa's thriving economy and robust job market make it a highly sought-after location for renters, ensuring strong rental demand and low vacancy rates. With convenient access to major highways and public transportation, commuting to Phoenix and its surrounding areas is effortless. This property is strategically situated in the heart of Mesa, with nearby amenities including shopping centers, restaurants, schools, and parks. The property is well connected to major highways and public transport, providing easy access to the greater Phoenix Metropolitan Area. Seller May Carry

More Information MLS# 6858057

Contract Info

Current Price: $5,100,000 List Price: $5,100,000 Status: Active List Date: 2025-04-28 Ownership: Fee Simple

Location Tax Legal

House Number: 1041 Compass: N Street Name: MESA St Suffix: Drive City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 3543 Country: US County Code: Maricopa Subdivision: ENCHANTED VILLAGE Assessor Number: 137-32-151 Tax Year: 2024

General Property Description

Lot Size Dimensions: 57582 Year Built: 1972 Uncvrd Parking Spcs: 9 Total # of Units: 24 # of Buildings: 6 Zoning: Multi Elementary School District: Mesa Unified District High School District: Mesa Unified District

Remarks Misc

Cross Street: Mesa Drive and Brown Directions: Just South of Brown on Mesa Drive. Next to Strip Center is the Cul DE Sac Geo Lat: 33.434458 Geo Lon: -111.822427

Status Change Info

Status Change Date: 2025-04-28

Legal Info

Township: 1N Range: 5E Section: 14 Lot Number: 45

Income Expenses

Gross Annual Sch Inc: 403200 Net Operating Income: 384439

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 24 Avg Rent: 1400 Avg SqFt: 711 # Baths: 1

Property Features

Project Type: 13 - 24 Units Construction: Block; Other Const - Finish: Brick Veneer Roofing: Composition; Built-Up; Foam; See Remarks Floors: Concrete; Wood; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Electric Oven; Refrigerator; See Remarks Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking Features: Carport; 1 Space/Unit; Assigned; Paved; See Remarks Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr Special: Incorporated Area Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Seller May Carry Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 06 - 2025
1041 N MESA Drive, Mesa, AZ 85201- MLS# 6858057
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