6049 E ALBANY Street, Mesa, AZ 85205
$480,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$480,000
Last Modified:
6/22/2025
Description
Excellent investment opportunity in a popular senior retirement community. Phoenix is a top choice for baby boomers, the nation's largest demographic, driving long-term demand in 55+ communities. This well-maintained duplex offers a solid 7.09% CAP rate with future rent growth and value-add potential. Each spacious unit features 2 beds, 2 baths, 954 sq ft, carport parking, and private front & back patios. Major upgrades include a new roof (2022), new AC and water heaters (2024), and one fully renovated unit (2024). Residents may opt in to enjoy the community's amenities and activities. No HOA for owner. Don't miss this turnkey asset with upside in a high-demand rental market and upside in a desirable Mesa location!
More Information MLS# 6883622
Contract Info
Current Price: $480,000
List Price: $480,000
Status: Active
List Date: 2025-06-21
Ownership: Fee Simple
Location Tax Legal
House Number: 6049
Compass: E
Street Name: ALBANY
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 8907
County Code: Maricopa
Subdivision: DREAMLAND VILLA 14
Assessor Number: 141-49-059
Tax Year: 2024
General Property Description
Lot Size Dimensions: 90' * 94'
Year Built: 1971
Uncvrd Parking Spcs: 6
Total # of Units: 2
# of Buildings: 1
Zoning: R-4
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Geo Lat: 33.41829
Geo Lon: -111.700365
Legal Info
Township: 1N
Range: 6E
Section: 24
Lot Number: 18
Income Expenses
Gross Annual Sch Inc: 38304
Net Operating Income: 34018
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 954
# Baths: 2
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: Other; See Remarks
Exterior Amenities: Desert Landscaping; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; W/D Hookup
Heating: Heat Pump; ENERGY STAR Qualified Equipment
Cooling: Ceiling Fan(s); Electric; Central Air; ENERGY STAR Qualified Equipment
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; On Street; Add'l Parking Avail; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Documents
Rent Roll ›Listing Office: Fathom Realty
Last Updated: June - 22 - 2025
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