Three-Bedroom Poolside
For Sale
$314,900
10136 E SOUTHERN Avenue 2087, Mesa, AZ 85209
A corner home in a gated community with a private patio facing the shared pool.
Property Size1,268 SF
Days on Market13
Property Features for 10136 E SOUTHERN Avenue 2087
General Information
Standard status
Active
Size
1,268 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,521
Amenities
gated community
heated swimming pools
spas
fitness center
recreational amenities
private patio
Building Details
Building Size
1,268 SF
Year Built
2014
Listing Agency:
Coldwell Banker Realty
Listed By:
Gary Holloway · License #SA549096000
(480) 688-8181
Source:
Lostdutchmanrealty
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 10:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath corner condominium was built in 2014 and includes a one-car garage. The kitchen and bathrooms have granite countertops and soft-close cabinetry. Recent improvements include new kitchen appliances, luxury vinyl flooring in two bedrooms, updated fixtures, and a newer washer, dryer, water heater, water softener, and reverse osmosis system. A large private patio faces the community pool.
Coyote Landing is a gated community with two heated swimming pools, spas, a fitness center, and recreational amenities. The property is in Mesa, near Mountain Vista Medical Center, Phoenix-Mesa Gateway Airport, shopping, dining, golf courses, and hiking trails.
Coyote Landing is a gated community with two heated swimming pools, spas, a fitness center, and recreational amenities. The property is in Mesa, near Mountain Vista Medical Center, Phoenix-Mesa Gateway Airport, shopping, dining, golf courses, and hiking trails.
Key Highlights
- 3‑bedroom, 2‑bath corner condominium built in 2014
- Private patio overlooking the community pool
- One‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,911
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,220
$258.2K
Cap Rate 7%
$184,443
$184.4K
Cap Rate 9%
$143,456
$143.5K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$25.1K $19.80/SF
− Vacancy
−$1.6K −$1.29/SF
EGI
$23.5K $18.51/SF
− OpEx
−$10.6K −$8.33/SF
NOI
$12.9K $10.18/SF
Area
ZIP 85209
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,220
Cap Rate 7%
$184,443
Cap Rate 9%
$143,456
Alternative Uses
Best Use
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,911 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.0K
$368.4K – $491.2K
NOI $29,472 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
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Business Placement
Demographics for 85209, AZ
44,192
Population
21,921
Households
2
Avg Household Size
44
Median Age
33%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
3,745
Density / Sq Mi
$80,498
Median Household Income
$46,682
Median Earnings
$1,798
Median Rent
$363,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A corner home in a gated community with a private patio facing the shared pool.
Where is this residential income property located?
The property is located at 10136 E SOUTHERN Avenue 2087 Mesa, AZ.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath corner condominium built in 2014; Private patio overlooking the community pool; One‑car garage
