416 N ROCA Circle, Mesa, AZ 85213
$1,399,999
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,399,999
Last Modified:
5/15/2025
Description
Discover a remarkable multiplex with immediate returns on a huge 16,771 sf lot. This well-maintained property features seven units: six 2-bed, 1-bath (900 sq. ft.) and one 2-bed, 1.5-bath (950 sq. ft.), all generating reliable rental income. Each unit is individually metered for electricity, simplifying utility management. With 14 parking spaces, residents enjoy ample parking. Each unit has washer/dryer hookups for added tenant comfort. Located in vibrant Mesa, the property provides easy access to shopping, dining, entertainment, and top-rated schools and parks. Mesa's thriving economy ensures high rental demand and low vacancy rates, with convenient access to highways and public transport for easy commuting to Phoenix. As of May 2025 Roca accepts Section 8 assistance.
More Information MLS# 6855667
Contract Info
Current Price: $1,399,999
List Price: $1,399,999
Status: Active
List Date: 2025-04-23
Ownership: Fee Simple
Location Tax Legal
House Number: 416
Compass: N
Street Name: ROCA
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85213
Zip4: 7897
Country: US
County Code: Maricopa
Subdivision: UNIVERSITY VILLA EAST
Assessor Number: 140-11-372
Tax Year: 2024
General Property Description
Lot Size Dimensions: Irregular
Year Built: 1986
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 1
Zoning: Rental Resident
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Highland Arts Elementary
Jr. High School: Poston Junior High School
High School: Mountain View High School
Remarks Misc
Cross Street: Lindsay Rd & University Dr
Directions: East on University to North Roca Street, North to Property.
Geo Lat: 33.423394
Geo Lon: -111.768754
Status Change Info
Status Change Date: 2025-04-23
Legal Info
Township: 1N
Range: 6E
Section: 17
Lot Number: 11
Income Expenses
Gross Annual Sch Inc: 100200
Net Operating Income: 69766
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 7
Avg Rent: 1193
Avg SqFt: 908
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Add'l Parking Avail
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Documents
Offering Memorandum ›Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 15 - 2025
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