1146 E 2ND Street Mesa, AZ 85203
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Suburban Gardens 2
MLS Listing ID 6922706
Maintenance Fees $2,273
Year Built 1973
Annual Tax Amount $1,542
Tax Year 2024
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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**
Location
State AZ
County Maricopa
Community Suburban Gardens 2
Zoning MULTI
Direction North on Stapley and West on 2nd St
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Vinyl
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features See Remarks, >1 Space Per Unit
Community Features No Pool
Roof Type Built-Up,Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Edison Elementary School
Middle Schools Kino Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-20-102
Acceptable Financing Conventional, FHA, VA Loan
Disclosures None
Listing Terms Conventional, FHA, VA Loan
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