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1540 W Mercer Lane , 1-4

Phoenix, AZ 85029
  • $920,000
  • STATUS: Active
  • ID#: 6994764
UPDATED: 118 min ago
$920,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1984
County:
Area:

School Ratings & Info

Description

Great investment potential. 3 units have had long term tenents, one since 2017. 3% Vacancy rate over time mostly due to a complete rennovation of unit 4 in September 2025. All new wood plank tile, new bath tub surrounds, new bath room vanities, all new light fixtures and bathroom accessories. Completely renovated kitchen with updated shaker cabinets, counter top, kitchen sink and faucet. All units have in unit full size washer and dryer. The ground units have small back yard.

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Arizona Regional MLS logo© 2026 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 2026-04-17T00:13:36.127.
www.arizonahomesearch.com/homes/173800020
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1540 W Mercer Lane , 1-4 Phoenix, AZ 85029

  • Price: $920,000
  • Status: Active
  • On Site: Days
  • Updated: 118 min ago
  • ID#: 6994764
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Muy Felices Casas Lt 1-20 Tr A-G
County:
Maricopa
Area:
Phoenix
Property Description
Great investment potential. 3 units have had long term tenents, one since 2017. 3% Vacancy rate over time mostly due to a complete rennovation of unit 4 in September 2025. All new wood plank tile, new bath tub surrounds, new bath room vanities, all new light fixtures and bathroom accessories. Completely renovated kitchen with updated shaker cabinets, counter top, kitchen sink and faucet. All units have in unit full size washer and dryer. The ground units have small back yard.
Exterior Features

Attached Garage YN No Construction Materials Wood FrameStucco Covered Spaces 4 Exterior Features [] Open Parking Spaces 4 Parking Features Detached CarportCarport Pool Private YN Yes Road Surface Type Asphalt Roof Other

Interior Features

Appliances Included Washer Dryer Yes Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features []

Property Features

Community Features Pool Disclosures Seller Prop Disc Stm Flooring TileCarpet Gross Income 53116.73 Listing Terms ConventionalFHAVA Loan Owner Pays Trash CollectionWater Ownership Fee Simple Project Type Quadraplex Yes Property Condition [] Security Features [] Sewer Public Sewer Tax Annual Amount 1885 Tax Year 2025 Water Source Submetered SystemMaster Meter Zoning 4-plex

Arizona Regional MLS logo Listing provided by ProSmart Realty: .


Arizona Regional MLS logo© 2026 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 2026-04-17T00:13:36.127.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718