1138 E 2Nd St Mesa, AZ 85203
Four-unit property with remodeled kitchens and income potential near light rail.
Property Features for 1138 E 2Nd St
General Information
- Exterior features
- exterior_features, : ["Built-Up", "Foam", "Shake"]
- Interior features
- Interior Feature 1, : "Central Air", "Interior Feature 2": "Free-Standing Range", "Interior Feature 3": "Microwave"
Building Details
- Year built
- 1973
Source:
Kw
Listing Agent: Professional Real Estate Negotiators
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mesa Fourplex Investment Opportunity
This fourplex in Mesa presents an investment opportunity, featuring four units each with 2 bedrooms and 2 bathrooms, and 1000 square feet of living space. The property offers potential for increased income. The first-floor units include remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D has vinyl floors and a remodeled kitchen, while Unit C features a remodeled kitchen, laminate flooring in the living areas, and carpeted bedrooms. Most of the windows have been upgraded to vinyl dual-pane. A separate laundry building houses coin-operated machines, generating approximately $1,500 per year, in addition to tenant storage. The property is located steps from the light rail. The owner is responsible for water, sewer, trash, and laundry power. Long-term tenants are currently paying below-market rents, offering the potential for rent increases.
Location Intelligence
Current Use by Public Records
ONGO Care
Alternative Medicine Practitioner
Ekole - Munchies
Catering Food And Drink Supplier
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.8062188
- Latitude
- 33.418973
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FAQs
What type of property is this?
Quadplex - Four-unit property with remodeled kitchens and income potential near light rail.
Where is this quadplex located?
The property is located at 1138 E 2Nd St Mesa, AZ.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: - Four spacious 2-bed, 2-bath units (1000 sqft each) offer comfortable living spaces.; - Significant rent increase potential due to below-market rents with long-term tenants.; - Remodeled kitchens in multiple units enhance appeal and reduce immediate renovation needs.