TURNKEY, Cash-Flowing, Well Maintained, Fully Leased & Remodeled 4-plex in Prime Mesa Location near Downtown & only 3 blocks from Stapley/Main Light Rail Station. Each large Fully Remodeled Unit has 2-bedrooms, 2-baths & 1,004 sq. ft. Upgrades include New Luxury Vinyl Plank Flooring in the Living areas and carpeting in… Read More the bedrooms. Also New Shaker Cabinets, Appliances, New Interior Trim, Doors & Interior Paint. Complete Roof Replacement in 2021, Newer Entry Deck Surfacing for 2nd floor Units C & D, New Composition Mansard Roof Walls, and New Masonry Block Privacy Fencing. First floor units have Private Yards & Covered Patios. HVAC Units and Water Heaters are Newer With over $150k Invested in improvements. No HOA. **Please Do Not Disturb Tenants - Drive By Only!** Each Unit has One Covered Parking Space plus a 2nd uncovered Space and a Storage Unit. Units are Currently Rented at Market Rate with Strong Tenant Occupancy. Upstairs Units Lease for $1,400/month & Downstairs Units for $1,495/month, Producing a Gross Monthly Income of $5,790 ($69,480 Annually) plus laundry room income and a 7.14 Cap Rate. The On-site Laundry is not only convenient but produces additional revenue annually of $1280. Truly an Excellent Investment with Updated Units, Stable Rents, and a Prime Location near Mesa's Growing Downtown Corridor. and Great for Seasoned or New investors **PLEASE DO NOT DISTURB OCCUPANTS** Read Less
Courtesy of Better Homes & Gardens Real Estate SJ Fowler 480-649-3536
Listing Snapshot
Days Online
14
Last Updated
Property Type
Multiple Dwellings
Year Built
1973
MLS Number
6922706
Additional Details
Appliances & Equipment
"Free-Standing Range", "Refrigerator"
Building
Built in 1973, Construction materials: "Siding", "Painted", "Block", 4 total units
Cooling
"Electric"
Expenses
Electric: $840, Insurance: $2,464, Maintenance: $2,273, Water sewer: $3,434
Floors
"Carpet", "Vinyl"
Heating
"Electric"
Parking
">1 Space Per Unit", 8 total parkings
Property
Zoning: MULTI
Roof
"Built-Up", "Foam"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,542, Lot: 31
Utilities
"SRP"
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