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About the Listing sjfl01 - ga043,kt102
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 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**
Listing Highlights for 1146 E 2nd St
Status
Sold
Days on Site
34
Property Type
Multi-Family
MLS ®
6922706
Year Built
1973
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Suburban Gardens 2
School District
Mesa Unified District
Elementary School
Edison Elementary School
Middle School
Kino Junior High School
High School
Westwood High School
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Electric
- Heating: Electric
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Built-Up,Foam
- Others:
- Sewer: Public Sewer
- Parking Features: See Remarks,>1 Space Per Unit
Financial Details
- Tax Amount: $1,542
- Taxes w/Assessments: N/A
- Tax/Property ID: 138-20-102
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1146 E 2nd St Mesa, AZ 85203
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