Two-Bedroom Residential Income
For Sale
$450,000
2662 S SPRINGWOOD Boulevard 463, Mesa, AZ 85209
Residence in an adult community with golf-course views, covered patio, updated finishes, and extensive recreational amenities.
Property Size1,492 SF
Days on Market54
Property Features for 2662 S SPRINGWOOD Boulevard 463
General Information
Standard status
Active
Size
1,492 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,509
Amenities
2 pools
heated spa
golf course
tennis & pickleball courts
fitness center
clubs
Building Details
Building Size
1,492 SF
Year Built
2012
Listing Agency:
RE/MAX Fine Properties
Listed By:
Scott Cook · License #SA564464000
(480) 993-9317
Source:
Lostdutchmanrealty
Added: Aug 24
Changed: Oct 9
Last Checked: Oct 15 at 8:02AM
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 RE/MAX Fine Properties
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Investment Insights
Based on property information with market context.
Built in 2012, this two-bedroom, two-bath residence combines a bright interior with practical updates and detailed finishes. The kitchen includes granite countertops, wood cabinetry with crown molding, tile backsplash, recessed lighting, stainless steel appliances, and a peninsula breakfast bar. High ceilings, plantation shutters, tile flooring, designer paint, and luxury-grade carpet further define the living spaces. The primary bedroom has natural light, dual sinks in its private bath, and a walk-in closet.
A covered patio extends the living area outdoors with views across the golf course. The home is located within Sunland Springs Village, an adult community offering two pools, a heated spa, golf, tennis and pickleball courts, a fitness center, clubs, and additional recreational amenities. A water filtration system is also included.
A covered patio extends the living area outdoors with views across the golf course. The home is located within Sunland Springs Village, an adult community offering two pools, a heated spa, golf, tennis and pickleball courts, a fitness center, clubs, and additional recreational amenities. A water filtration system is also included.
Key Highlights
- Two‑bedroom, two‑bath residence built in 2012
- Kitchen with granite counters, wood cabinetry, stainless steel appliances, and breakfast bar
- Primary suite includes dual sinks, natural light, and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,192
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,840
$303.8K
Cap Rate 7%
$217,029
$217.0K
Cap Rate 9%
$168,800
$168.8K
Market Conditions
NOI Build-Up for 1,492 SF
Gross rent
$29.5K $19.80/SF
− Vacancy
−$1.9K −$1.29/SF
EGI
$27.6K $18.51/SF
− OpEx
−$12.4K −$8.33/SF
NOI
$15.2K $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%
$303,840
Cap Rate 7%
$217,029
Cap Rate 9%
$168,800
Alternative Uses
Best Use
Apartment 5plus
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.4K
$433.5K – $578.0K
NOI $34,678 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
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 - Residence in an adult community with golf-course views, covered patio, updated finishes, and extensive recreational amenities.
Where is this residential income property located?
The property is located at 2662 S SPRINGWOOD Boulevard 463 Mesa, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence built in 2012; Kitchen with granite counters, wood cabinetry, stainless steel appliances, and breakfast bar; Primary suite includes dual sinks, natural light, and a walk‑in closet
