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480-618-1890
Real Estate Company
19 W Inglewood Street, Mesa, AZ 85201
- $799,000
- 8
- BD
- 4
- BA
- List Price
- $799,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 7096167
- City
- Mesa
- Bedrooms
- 8
- Bathrooms
- 4
- Subdivision
- Center Park Lot 1-26 Tr A
- Year Built
- 1984
Property Description
Turnkey investment opportunity in Mesa! NO HOA!!! This fully occupied fourplex generates $5,750/month ($69,000/year) in gross rental income. Long term tenants in place that are willing to renew lease--providing immediate, stable cash flow from day one. Two units have been fully remodeled, and all four feature newer HVAC systems, helping minimize near-term capital expenses. Current rents are $1,550, $1,450, $1,450, and $1,300/month. The two remaining units offer future value-add potential through renovations and rent growth. A great opportunity for investors seeking an income-producing multifamily property with established tenants, strong rents, and upside potential. Please do not disturb tenants.
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Additional Information
- Elementary School
- Whitman Elementary School
- High School
- Westwood High School
- Middle School
- Carson Junior High School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Electric
- Electric
- SRP
- Heating
- Heat Pump
- New Financing
- VA Loan, Conventional, 1031 Exchange, No Carry, Cash
- Parking Features
- >1 Space Per Unit, Assigned
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Center Park Lot 1-26 Tr A
- Taxes
- $1,440
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi-Family
Courtesy of Realty ONE Group. 480-285-0000
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