Two-Bedroom Ground-Floor
7820 E BASELINE Road 103, Mesa, AZ 85209
For Sale
$290,000
Updated kitchen finishes, a private garage, and a covered patio complement the step-free interior.
Property Size992 SF
Price / SF$292.34
Days on Market109
Property Features for 7820 E BASELINE Road 103
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Ashlee Donaldson · License AZ SA627275000
(602) 741-6633
Source:
Soldbysteck
Added: Jul 25
Changed: Nov 7
Last Checked: Nov 9 at 2:28PM
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 Keller Williams Arizona Realty
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Investment Insights
Based on property information with market context.
Set within the gated Villa Rialto community, this ground-floor condo offers 992 square feet with two bedrooms and two bathrooms. The layout connects the living, dining, and kitchen areas, with no interior steps. Kitchen features include white shaker cabinetry, Frigidaire stainless steel appliances, granite countertops, and pendant lighting. Smart-home details include Wi-Fi light switches, a Wi-Fi thermostat, and window blinds. The property was built in 2018.
A private one-car garage has direct access, and a covered patio is located off the primary suite. The condo is near US-60 and Loop 202, with shopping, dining, golf courses, and movie theaters in the surrounding area. Furnishings may be included through a separate bill of sale.
A private one-car garage has direct access, and a covered patio is located off the primary suite. The condo is near US-60 and Loop 202, with shopping, dining, golf courses, and movie theaters in the surrounding area. Furnishings may be included through a separate bill of sale.
Key Highlights
- 992‑square‑foot, two‑bedroom, two‑bathroom condo built in 2018
- Ground‑floor layout with no interior steps
- Private one‑car garage with direct access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,101
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,020
$202.0K
Cap Rate 7%
$144,300
$144.3K
Cap Rate 9%
$112,233
$112.2K
Market Conditions
NOI Build-Up for 992 SF
Gross rent
$19.6K $19.80/SF
− Vacancy
−$1.3K −$1.29/SF
EGI
$18.4K $18.51/SF
− OpEx
−$8.3K −$8.33/SF
NOI
$10.1K $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%
$202,020
Cap Rate 7%
$144,300
Cap Rate 9%
$112,233
Alternative Uses
Best Use
Apartment 5plus
$144.3K
$126.3K – $168.4K
NOI $10,101 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
227
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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Market
Properties on Market for Residential income properties in Mesa
Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen finishes, a private garage, and a covered patio complement the step-free interior.
Where is this residential income property located?
The property is located at 7820 E BASELINE Road 103 Mesa, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 992‑square‑foot, two‑bedroom, two‑bathroom condo built in 2018; Ground‑floor layout with no interior steps; Private one‑car garage with direct access
