$695,000
Mesa, AZ 85204
MLS# 7040102
1 / 3
Property Description
Fantastic investment opportunity in Central Mesa. This 4plex features all 2 bed 1 bath units with long term tenants already in place. Current rents are below market but all 4 tenants are on month to month leases, so increasing rents is possible with 30 day notices. All facts and figures approximate, buyer to verify to their satisfaction.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $695,000
List Price: $695,000
Status: Active
List Date: 2026-06-10
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 82 OAK PARK MESA UNIT 2 MCR 010147
Assessor's Parcel #: 492
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421702
Taxes: 1269
Legal: LOT 82 OAK PARK MESA UNIT 2 MCR 010147
Marketing Name: unk
House Number: 2216
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1456
Country: US
County Code: Maricopa
Subdivision: OAK PARK MESA UNIT 2
Assessor Number: 140-25-492
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 8764 sq ft
Flood Zone: No
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1972
Zoning: M-H
Legal Info
Range: 6E
Section: 19
Township: 1N
Lot Number: 82
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Wood Siding: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1269
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 47760
Pmt & Rate Info
Cap Rate: 6.87
Equity: 695000
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
Heat Pump: 1
Electric: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Carport: 1
1 Space/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-689-6360
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 995
Avg SqFt: 841
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Gilbert Rd/Broadway
Geo Lat: 33.408442
Geo Lon: -111.783616
Income Expenses
Gross Annual Sch Inc: 47760
Net Operating Income: 47760
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Wood Siding
Roofing: Composition
Floors: Tile; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Refrigerator
Heating: Central; Heat Pump
Cooling: Electric; Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit; Detached Carport
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Erickson Realty Group L.L.C.
Last Updated: June - 12 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.