Updated Two-Bedroom Residential Income
For Sale
$215,000
533 W GUADALUPE Road 1087, Mesa, AZ 85210
Ground-floor condo with refreshed finishes, modern appliances, and access to shared pools and hot tubs.
Days on Market24
Property Features for 533 W GUADALUPE Road 1087
General Information
Standard status
Active
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$422
Amenities
pool
hot tub
wood-burning fireplace
Building Details
Building Size
828 SF
Year Built
1986
Listing Agency:
Weichert, Realtors - Courtney Valleywide
(480) 262-1445
Listed By:
Lauren P Conway
(480) 262-1445
Source:
Gillettegroupaz
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 2 at 11:58AM
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 Weichert, Realtors - Courtney Valleywide
Investment Insights
Based on property information with market context.
This ground-level condominium at Woodglen Square offers two bedrooms and two bathrooms within a residential income property classification. Interior updates include fresh paint, new porcelain tile flooring, a new microwave, and a new dishwasher. The living room features a wood-burning fireplace, while the primary bedroom includes a large walk-in closet.
The community provides two pools and two hot tubs. The property is located at 533 W Guadalupe Road in Mesa, with access to highway connections, shopping, and dining. Built in 1986, the condo combines an established residential setting with updated interior finishes and practical storage features.
The community provides two pools and two hot tubs. The property is located at 533 W Guadalupe Road in Mesa, with access to highway connections, shopping, and dining. Built in 1986, the condo combines an established residential setting with updated interior finishes and practical storage features.
Key Highlights
- Two‑bedroom, two‑bath ground‑level condominium
- Fresh interior paint and new porcelain tile flooring
- New microwave and dishwasher
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.6k | $15.24 |
| − Vacancy | −$845 | −$1.02 |
| EGI | $11.8k | $14.22 |
| − OpEx | −$5.3k | −$6.40 |
| NOI | $6.5k | $7.82 |
828 SF · lease $15.24/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.0K
$198.6K – $264.8K
NOI $15,887 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
Market
Properties on Market for Residential income properties in Mesa
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor condo with refreshed finishes, modern appliances, and access to shared pools and hot tubs.
Where is this residential income property located?
The property is located at 533 W GUADALUPE Road 1087 Mesa, AZ.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath ground‑level condominium; Fresh interior paint and new porcelain tile flooring; New microwave and dishwasher
