Two-Bedroom
For Sale
$199,900
533 W Guadalupe Road #1053, Mesa, AZ 85210
An open great-room layout pairs two bedrooms with separate bathrooms and a private patio.
Property Size828 SF
Price / SF$241.43
Days on Market46
Property Features for 533 W Guadalupe Road #1053
General Information
Standard status
Active
Size
828 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$501
Amenities
in-unit stacking washer & dryer
private patio
community pools & hot tubs
3/4 Bath Master Bdrm
Eat-in Kitchen
High Speed Internet
Building Details
Building Size
828 SF
Year Built
1985
Stories
2
Listing Agency:
HomeSmart
(480) 443-7400
Listed By:
John Ferrence
(480) 688-3711
Source:
Jlberrycompany
Added: Sep 18
Changed: Oct 30
Last Checked: Oct 30 at 2:18PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 828-square-foot condominium has a great-room floor plan, a kitchen with workspace and storage, and two bedrooms served by separate bathrooms. An in-unit stacking washer and dryer and a private patio are also part of the residence. The property was built in 1985.
Residents have access to two community pools and hot tubs at Woodglen Square 2. The condominium is located at 533 W Guadalupe Road in Mesa, Arizona.
Residents have access to two community pools and hot tubs at Woodglen Square 2. The condominium is located at 533 W Guadalupe Road in Mesa, Arizona.
Key Highlights
- 828‑square‑foot condominium
- Two bedrooms and two separate bathrooms
- In‑unit stacking washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,475
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 828 SF
Gross rent
$12.6K $15.24/SF
− Vacancy
−$845 −$1.02/SF
EGI
$11.8K $14.22/SF
− OpEx
−$5.3K −$6.40/SF
NOI
$6.5K $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%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.0K
$198.6K – $264.8K
NOI $15,887 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - An open great-room layout pairs two bedrooms with separate bathrooms and a private patio.
Where is this residential income property located?
The property is located at 533 W Guadalupe Road #1053 Mesa, AZ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 828‑square‑foot condominium; Two bedrooms and two separate bathrooms; In‑unit stacking washer and dryer
