Residential Income Property with
New
For Sale
$220,000
1645 W BASELINE Road 2072, Mesa, AZ 85202
The corner residence combines stainless steel appliances with access to a heated community pool and spa.
Property Size1,190 SF
Days on Market3
Property Features for 1645 W BASELINE Road 2072
General Information
Standard status
Active
Size
1,190 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$529
Amenities
stainless steel appliances
private balcony
water features
heated community pool
spa
Building Details
Building Size
1,190 SF
Year Built
1982
Listing Agency:
Noma Group Inc.
Listed By:
Najmuddin Ahmad
(404) 550-8046
Source:
Gillettegroupaz
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 Noma Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1982, this corner residence has 2 bedrooms and 2.5 bathrooms. Stainless steel appliances and a private balcony are among its interior and outdoor features.
Community amenities include water features, a heated pool, and a spa. Freeway access is also noted.
Community amenities include water features, a heated pool, and a spa. Freeway access is also noted.
Key Highlights
- Corner residence with 2 bedrooms and 2.5 bathrooms
- Private balcony
- Stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,306
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,120
$186.1K
Cap Rate 7%
$132,943
$132.9K
Cap Rate 9%
$103,400
$103.4K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$18.1K $15.24/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$16.9K $14.22/SF
− OpEx
−$7.6K −$6.40/SF
NOI
$9.3K $7.82/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,120
Cap Rate 7%
$132,943
Cap Rate 9%
$103,400
Alternative Uses
Best Use
Apartment 5plus
$132.9K
$116.3K – $155.1K
NOI $9,306 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.2K
$285.4K – $380.6K
NOI $22,833 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 85202, AZ
39,626
Population
18,077
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
6,391
Density / Sq Mi
$66,582
Median Household Income
$42,083
Median Earnings
$1,431
Median Rent
$334,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence combines stainless steel appliances with access to a heated community pool and spa.
Where is this residential income property located?
The property is located at 1645 W BASELINE Road 2072 Mesa, AZ.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Corner residence with 2 bedrooms and 2.5 bathrooms; Private balcony; Stainless steel appliances
