Furnished Two-Bedroom Residential
For Sale
$265,900
205 N 74TH Street #133, Mesa, AZ 85207
The furnished layout includes two bedrooms, two bathrooms, dual patios, and an in-unit washer and dryer.
Property Size1,150 SF
Price / SF$231.22
Days on Market40
Property Features for 205 N 74TH Street #133
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
pool
water feature
courtyard
hot tub
community room
covered parking
washer/dryer
fireplace
patio
Building Details
Year Built
1987
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Sep 23
Changed: Oct 28
Last Checked: Nov 1 at 3:07AM
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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
This 1,150-square-foot residence was built in 1987 and is offered furnished. The floor plan separates its two bedrooms and two bathrooms, with a fireplace in the living area, granite kitchen counters, and extensive cabinet storage. An in-unit washer and dryer and two patios add practical features. The unit is on the lower level with stair-free access and is near covered parking.
Community amenities include two pools heated seasonally, two hot tubs, and a small gathering room. The residence is near US 60 and the 202 Red Mountain Freeway, with shopping, golf, dining, and medical facilities nearby.
Community amenities include two pools heated seasonally, two hot tubs, and a small gathering room. The residence is near US 60 and the 202 Red Mountain Freeway, with shopping, golf, dining, and medical facilities nearby.
Key Highlights
- 1,150‑square‑foot residence built in 1987
- Two bedrooms and two bathrooms in a split floor plan
- Furnished and includes a living‑area fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,998
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,960
$240.0K
Cap Rate 7%
$171,400
$171.4K
Cap Rate 9%
$133,311
$133.3K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$22.8K $19.80/SF
− Vacancy
−$956 −$0.83/SF
EGI
$21.8K $18.97/SF
− OpEx
−$9.8K −$8.54/SF
NOI
$12.0K $10.43/SF
Area
ZIP 85207
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,960
Cap Rate 7%
$171,400
Cap Rate 9%
$133,311
Alternative Uses
Best Use
Apartment 5plus
$171.4K
$150.0K – $200.0K
NOI $11,998 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.2K
$253.1K – $337.4K
NOI $20,245 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 85207, AZ
50,108
Population
22,747
Households
2.2
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
29.4 sq mi
ZIP Area
1,704
Density / Sq Mi
$99,439
Median Household Income
$50,509
Median Earnings
$1,595
Median Rent
$460,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The furnished layout includes two bedrooms, two bathrooms, dual patios, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 205 N 74TH Street #133 Mesa, AZ.
What is the asking price?
The asking price for this property is $265,900.
What are key features of this property?
This property features: 1,150‑square‑foot residence built in 1987; Two bedrooms and two bathrooms in a split floor plan; Furnished and includes a living‑area fireplace
