Updated Ground-Level Two-Bed
For Sale
$215,000
533 W Guadalupe Road #1087, Mesa, AZ 85210
Freshly updated ground-level two-bedroom, two-bath condo with new tile flooring, appliances, and a wood-burning fireplace.
Days on Market24
Property Features for 533 W Guadalupe Road #1087
General Information
Standard status
Active
Property subtype
Apartment
Additional Details
Highway Access
Yes
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:
Sunhaven-realestate
Added: Jul 10
Changed: Jul 26
Last Checked: Aug 1 at 12:11PM
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 updated ground-level condo features two bedrooms and two bathrooms with a refreshed interior. The home has been freshly painted throughout and updated with new porcelain tile flooring. The kitchen includes a brand-new microwave and dishwasher. The master bedroom offers a large walk-in closet, and the living room includes a cozy wood-burning fireplace.
The community amenities include two pools and two hot tubs. The property also offers quick access to area shopping and dining via nearby highway connections.
The community amenities include two pools and two hot tubs. The property also offers quick access to area shopping and dining via nearby highway connections.
Key Highlights
- Updated ground‑level 2‑bedroom, 2‑bath condo, built in 1986
- Fresh interior paint and new porcelain tile flooring throughout
- Kitchen updates include a brand‑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
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 - Freshly updated ground-level two-bedroom, two-bath condo with new tile flooring, appliances, and a wood-burning fireplace.
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: Updated ground‑level 2‑bedroom, 2‑bath condo, built in 1986; Fresh interior paint and new porcelain tile flooring throughout; Kitchen updates include a brand‑new microwave and dishwasher
