1138 E 2ND Street, Mesa, AZ 85203
$775,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$775,000
Last Modified:
5/05/2025
Description
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. New roof with 5yr warranty. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!
More Information MLS# 6861620
Contract Info
Current Price: $775,000
List Price: $775,000
Status: Active
List Date: 2025-05-05
Ownership: Fee Simple
Location Tax Legal
House Number: 1138
Compass: E
Street Name: 2ND
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8848
Country: US
County Code: Maricopa
Subdivision: SUBURBAN GARDENS 2
Assessor Number: 138-20-103
Tax Year: 2024
General Property Description
Lot Size Dimensions: 6897
Year Built: 1973
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: MULTI
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: Stapley and Main
Directions: South on Stapley, West on 2nd St
Geo Lat: 33.41897
Geo Lon: -111.80621
Status Change Info
Status Change Date: 2025-05-05
Legal Info
Township: 1N
Range: 5E
Section: 23
Lot Number: 32
Income Expenses
Gross Annual Sch Inc: 53640
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 650
# Baths: 2
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Built-Up; Shake; Foam; Other
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Other; See Remarks
Exterior Amenities: Other (See Remarks)
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Microwave
Heating: Other; See Remarks
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport
Owner Pays: Water; Trash Collection; Other; See Remarks
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Professional Real Estate Negotiators
Last Updated: May - 05 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.