161 E 2ND Avenue, Mesa, AZ 85210

$750,000

Property Type: Multiple Dwellings Status: Active

Current Price: $750,000 Last Modified: 2/28/2025

Description

This well-maintained 4-unit property offers a fantastic investment opportunity with strong rental potential in a desirable location. The building features a new roof and fresh exterior paint, both completed in 2020. Tenants will appreciate the two sets of newer front-loading washer and dryer units, providing added convenience. Each unit is thoughtfully designed for comfort and functionality. Don't miss this opportunity!

More Information MLS# 6827760

Contract Info

Current Price: $750,000 List Price: $750,000 Status: Active List Date: 2025-02-28 Ownership: Fee Simple

Location Tax Legal

House Number: 161 Compass: E Street Name: 2ND St Suffix: Avenue City/Town Code: Mesa State/Province: AZ Zip Code: 85210 Zip4: 1495 Country: USA County Code: Maricopa Subdivision: MESA ARIZONA Assessor Number: 138-48-021 Tax Year: 2024

General Property Description

Lot Size Dimensions: 12000 Year Built: 1958 Uncvrd Parking Spcs: 8 Total # of Units: 4 # of Buildings: 1 Zoning: 0304-4 Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Lowell Elementary School Jr. High School: Kino Junior High School High School: Mesa High School

Remarks Misc

Cross Street: MESA DR AND 2ND AVE Directions: Mesa Dr. and Broadway. North to 2nd Ave. west past Hibbert, 2nd property on the left. Drive by only units have tenants. Geo Lat: 33.410328 Geo Lon: -111.826803

Status Change Info

Status Change Date: 2025-02-28

Legal Info

Township: 1N Range: 5E Section: 22 Lot Number: 6

Income Expenses

Gross Annual Sch Inc: 45600 Net Operating Income: 37900

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 950 Avg SqFt: 650 # Baths: 1

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Comp Shingle Floors: Concrete; Ceramic Tile Sale Includes: Land & Building Community Amenities: Other Exterior Amenities: Green Landscaping; Desert Landscaping Appliances Included: BI Oven/Range; Refrigerator; Microwave; Washer/Dryer Cooling: Electric Water: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: None Parking: >1 Space Per Unit Owner Pays: Water Tenant Pays: Electric; Trash; Cable TV Source of Fincl Data: Provided by Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: West USA Realty

Last Updated: February - 28 - 2025

161 E 2ND Avenue, Mesa, AZ 85210 (MLS# 6827760)