$1,400,000
Mesa, AZ 85203
MLS# 7021519
1 / 14
Property Description
Sale includes 9 units located at 1142, 1149, and 1150 N April Circle. All 3 triplexes must be sold together. Originally constructed in 1970, the property has been self-managed and maintained by current ownership for over 20 years, resulting in strong physical condition and stable operations. Each property has undergone substantial capital improvements in recent years, including the replacement of all three roofs (2018, 2020, 2021), a majority of HVAC systems, and multiple plumbing upgrades. Each of the units also feature private yards, carport parking, and washer/dryer hookups. The property consists of a mix of spacious one, two, and three-bedroom floorplans, supporting strong in-place rents with historically low turnover. Seller intends to review all offers May 8, 2026.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,400,000
List Price: $1,400,000
Status: Active
List Date: 2026-04-30
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 84 ENCHANTED VILLAGE MCR 010714
Assessor's Parcel #: 190
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1098
Legal: LOT 84 ENCHANTED VILLAGE MCR 010714
Marketing Name: Mesa Triplexes
House Number: 1142
Compass: N
Street Name: APRIL
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4782
Country: US
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-190-A
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 8346
Total # of Units: 9
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1970
Zoning: multi
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 84
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 25357
Operating Exp: 26455
Other Income: 150
Vacancy Allowance: 0.04
Adjusted Gross Inc: 149685.12
Pmt & Rate Info
Cap Rate: 8.86
Equity: 1400000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1250
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1375
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1650
Avg SqFt: 975
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.436193
Geo Lon: -111.820618
Income Expenses
Gross Annual Sch Inc: 155772
Net Operating Income: 124061
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Laminate; Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced
Interior Features: Unfurnished
Appliances Included: W/D Hookup
Heating: Natural Gas
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: April - 30 - 2026
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