1138 E 2ND Street, Mesa, AZ 85203
$799,999
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$799,999
Last Modified:
1/01/2026
Description
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!
More Information MLS# 6861620
Contract Info
Ownership: Fee Simple
Current Price: $799,999
List Price: $799,999
Status: Active
List Date: 2025-05-05
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 32 SUBURBAN GARDENS 2 MCR 009143
Assessor's Parcel #: 103
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421502
Taxes: 1543
Tax District: 41
Legal: LOT 32 SUBURBAN GARDENS 2 MCR 009143
Marketing Name: GARDENS
House Number: 1138
Compass: E
Street Name: 2ND
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 8848
County Code: Maricopa
Subdivision: SUBURBAN GARDENS 2
Assessor Number: 138-20-103
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 6897
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1973
Zoning: MULTI
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 32
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Shake: 1
Foam: 1
Other: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Gas Exp: 0
Annual Land Lse Exp: 0
Annual Legal & Acctg: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1543
Other Income: 2100
Vacancy Allowance: 0
Adjusted Gross Inc: 55740
Total Monthly Rental Income: 0
Pmt & Rate Info
Equity: 765000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Other: 1
See Remarks: 1
Cooling
Central Air: 1
Exterior Amenities
Sidewalk(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Microwave: 1
Free-Standing Range: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
City Electric: 1
Gas
City Gas: 1
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Other: 1
See Remarks: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1150
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Stapley and Main
Directions: South on Stapley, West on 2nd St
Geo Lat: 33.41897
Geo Lon: -111.80621
Income Expenses
Gross Annual Sch Inc: 53640
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Built-Up; Shake; Foam; Other
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Other; See Remarks
Exterior Amenities: Sidewalk(s); Other (See Remarks)
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Microwave
Heating: Other; See Remarks
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas; Other (See Remarks)
Parking Features: Carport
Road Access Type: Dedicated Street
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Other; See Remarks
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Documents
Profit & Loss Statment ›
Listing Office:
Professional Real Estate Negotiators
Last Updated: January - 01 - 2026
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