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1138 E 2ND Street

Mesa, AZ 85203
  • $775,000
  • STATUS: Active
  • ID#: 6861620
UPDATED: 13 min ago
$775,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Description

Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. New roof with 5yr warranty. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2025-05-14T19:16:04.817.
www.arizonahomesearch.com/homes/163362323
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1138 E 2ND Street Mesa, AZ 85203

  • Price: $775,000
  • Status: Active
  • On Site: Days
  • Updated: 13 min ago
  • ID#: 6861620
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1973
Built
Neighborhood:
Suburban Gardens 2
County:
Maricopa
Area:
Mesa
Property Description
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. New roof with 5yr warranty. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!
Exterior Features

Attached Garage YN No Construction Materials Wood FramePainted Covered Spaces 4 Open Parking Spaces 2 Parking Features Carport Road Surface Type Asphalt Roof OtherBuilt-UpFoamShake

Interior Features

Cooling Central Air Cooling YN Yes FSOven Range Yes Heating OtherSee Remarks Heating YN Yes Interior Features []

Property Features

Community Features OtherSee Remarks Current Financing Non Assumable Disclosures Other (See Remarks) Flooring CarpetCeramic TileVinyl Gross Income 55740 Listing Terms Other (See Remarks) Owner Pays OtherSee RemarksTrash CollectionWaterSewer Ownership Fee Simple Project Type Quadraplex Yes Sewer Public Sewer Tax Annual Amount 1543 Tax Year 2024 Water Source City Franchise Zoning MULTI

Arizona Regional MLS logo Listing provided by Professional Real Estate Negotiators: .


Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2025-05-14T19:16:04.817.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718