Single-Level Residential Income
For Sale
$219,999
1920 W LINDNER Avenue 175, Mesa, AZ 85202
Main-floor residence with a covered patio, private primary suite, and access to community recreation amenities.
Property Size1,018 SF
Days on Market82
Property Features for 1920 W LINDNER Avenue 175
General Information
Standard status
Active
Size
1,018 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$828
Amenities
pool
spa
lake
golf
Building Details
Building Size
1,018 SF
Year Built
1980
Listing Agency:
Simply Real Estate
Listed By:
Wendy J Macica · License #SA666144000
(480) 221-3514
Source:
Gillettegroupaz
Added: Aug 1
Changed: Oct 10
Last Checked: Oct 21 at 6:23AM
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 Simply Real Estate
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Investment Insights
Based on property information with market context.
This single-level residential income property at 1920 W Lindner Avenue 107 in Mesa, Arizona, was built in 1980 and features two bedrooms with no interior stairs. The interior combines neutral finishes, carpeting, and tile flooring with a kitchen equipped with white shaker cabinetry, substantial counter space, a pantry, and built-in appliances. Sliding doors connect the living area to a private covered patio. The primary bedroom includes mirrored closet doors and an ensuite bathroom.
Community amenities include a pool, spa, lake, and golf facilities. The property is designated as no-pets, with service animals permitted. Its main-floor layout and outdoor patio provide practical features for residential occupancy within a community setting.
Community amenities include a pool, spa, lake, and golf facilities. The property is designated as no-pets, with service animals permitted. Its main-floor layout and outdoor patio provide practical features for residential occupancy within a community setting.
Key Highlights
- Two‑bedroom, single‑level layout with no interior stairs
- Private covered patio accessed through sliding glass doors
- Kitchen includes white shaker cabinetry, pantry, counter space, and built‑in appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,961
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,220
$159.2K
Cap Rate 7%
$113,729
$113.7K
Cap Rate 9%
$88,456
$88.5K
Market Conditions
NOI Build-Up for 1,018 SF
Gross rent
$15.5K $15.24/SF
− Vacancy
−$1.0K −$1.02/SF
EGI
$14.5K $14.22/SF
− OpEx
−$6.5K −$6.40/SF
NOI
$8.0K $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%
$159,220
Cap Rate 7%
$113,729
Cap Rate 9%
$88,456
Alternative Uses
Best Use
Apartment 5plus
$113.7K
$99.5K – $132.7K
NOI $7,961 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.0K
$244.2K – $325.6K
NOI $19,533 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,015
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-floor residence with a covered patio, private primary suite, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 1920 W LINDNER Avenue 175 Mesa, AZ.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: Two‑bedroom, single‑level layout with no interior stairs; Private covered patio accessed through sliding glass doors; Kitchen includes white shaker cabinetry, pantry, counter space, and built‑in appliances
