161 E 2ND Avenue, Mesa, AZ 85210
$750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$750,000
Last Modified:
5/12/2025
Description
This well-maintained 4-unit property offers a fantastic investment opportunity with strong rental potential in a desirable location. The building features a new roof and fresh exterior paint, both completed in 2020. Tenants will appreciate the two sets of newer front-loading washer and dryer units, providing added convenience. Each unit is thoughtfully designed for comfort and functionality. Don't miss this opportunity!
More Information MLS# 6827760
Contract Info
Current Price: $750,000
List Price: $750,000
Status: Active
List Date: 2025-02-28
Ownership: Fee Simple
Location Tax Legal
House Number: 161
Compass: E
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1495
Country: US
County Code: Maricopa
Subdivision: MESA ARIZONA
Assessor Number: 138-48-021
Tax Year: 2024
General Property Description
Lot Size Dimensions: 12000
Year Built: 1958
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: 0304-4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lowell Elementary School
Jr. High School: Kino Junior High School
High School: Mesa High School
Remarks Misc
Cross Street: MESA DR AND 2ND AVE
Directions: Mesa Dr. and Broadway. North to 2nd Ave. west past Hibbert, 2nd property on the left. Drive by only units have tenants.
Geo Lat: 33.410328
Geo Lon: -111.826803
Status Change Info
Status Change Date: 2025-02-28
Legal Info
Township: 1N
Range: 5E
Section: 22
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 46800
Net Operating Income: 37900
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 950
Avg SqFt: 650
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Green Landscaping; Desert Landscaping
Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: >1 Space Per Unit
Owner Pays: Water
Tenant Pays: Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: West USA Realty
Last Updated: May - 12 - 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.