Remodeled Residential Income
New
For Sale
$267,500
709 S Power Road #202, Mesa, AZ 85208
The home has an open living area, stainless steel kitchen appliances and a covered patio.
Property Size1,209 SF
Price / SF$221.26
Days on Market2
Property Features for 709 S Power Road #202
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,196
Amenities
3/4 Bath Master Bdrm
2 Master Baths
Pantry
Laminate Counters
High Speed Internet
No Interior Steps
Balcony
Building Details
Building Size
1,209 SF
Year Built
1979
Stories
1
Listing Agency:
AZ Home Seekers
Listed By:
Jeff & Debbie
(480) 200-5305
Source:
Azhomeseekers
Added: Nov 2
Last Checked: Nov 2 at 12:17PM
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 AZ Home Seekers
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Investment Insights
Based on property information with market context.
This 1,209-square-foot home, built in 1979, has two bedrooms and two bathrooms. The living area is open to the kitchen, which is equipped with stainless steel appliances. The primary suite has its own patio entrance, and the home includes in-unit laundry and a covered patio overlooking the Arizona Golf Resort.
The property is near the US 60 freeway, Superstition Springs shopping and dining, and Phoenix Mesa Gateway Airport.
The property is near the US 60 freeway, Superstition Springs shopping and dining, and Phoenix Mesa Gateway Airport.
Key Highlights
- Two bedrooms and two bathrooms across 1,209 square feet
- Primary suite has a private entrance to the covered patio
- Covered patio overlooks the Arizona Golf Resort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,455
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,100
$189.1K
Cap Rate 7%
$135,071
$135.1K
Cap Rate 9%
$105,056
$105.1K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$18.4K $15.24/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$17.2K $14.22/SF
− OpEx
−$7.7K −$6.40/SF
NOI
$9.5K $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%
$189,100
Cap Rate 7%
$135,071
Cap Rate 9%
$105,056
Alternative Uses
Best Use
Apartment 5plus
$135.1K
$118.2K – $157.6K
NOI $9,455 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
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Business Placement
Demographics for 85208, AZ
36,820
Population
18,699
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,546
Density / Sq Mi
$68,452
Median Household Income
$40,913
Median Earnings
$1,438
Median Rent
$261,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home has an open living area, stainless steel kitchen appliances and a covered patio.
Where is this residential income property located?
The property is located at 709 S Power Road #202 Mesa, AZ.
What is the asking price?
The asking price for this property is $267,500.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,209 square feet; Primary suite has a private entrance to the covered patio; Covered patio overlooks the Arizona Golf Resort
