726 E 3RD Avenue, Mesa, AZ 85204
$475,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$475,000
Last Modified:
5/21/2025
Description
BRING US AN OFFER!! Great investment property with 2 rental units. Listed as a triplex, but a studio on site was added to a one bedroom one bathroom unit creating a larger 2 bedroom 2 bathroom unit with large yard. Great location near public transportation and schools. New Roof IN 2021. Near downtown Mesa - EACH UNIT RENTS FOR $1575. VERY FEW REPAIRS EVER NEEDED ON THIS PROPERTY. TRULLY A CASH FLOWING PROPERTY!! BRING US AN OFFER!!
More Information MLS# 6868946
Contract Info
Current Price: $475,000
List Price: $475,000
Status: Active
List Date: 2025-05-20
Ownership: Fee Simple
Location Tax Legal
House Number: 726
Compass: E
Street Name: 3RD
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2030
Country: US
County Code: Maricopa
Assessor Number: 138-29-035-F
Tax Year: 2024
General Property Description
Lot Size Dimensions: 108 x 60
Year Built: 1957
Total # of Units: 2
# of Buildings: 1
Zoning: RM-4
Flood Zone: No
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: Broadway and Stapley
Directions: West to Horne, North to 3rd Ave, West to property on North side of road.
Geo Lat: 33.409863
Geo Lon: -111.815561
Status Change Info
Status Change Date: 2025-05-20
Legal Info
Township: 1N
Range: 5E
Section: 23
Lot Number: 035
Income Expenses
Gross Annual Sch Inc: 37800
Net Operating Income: 29151
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1575
Avg SqFt: 900
# Baths: 3
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Tradelands Realty
Last Updated: May - 21 - 2025
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