1146 E 2nd Street, Mesa, AZ 85203
Local realty services provided by:ERA Four Feathers Realty, L.C.
1146 E 2nd Street,Mesa, AZ 85203
$825,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:george akers
Office:better homes & gardens real estate sj fowler
MLS#:6922706
Source:ARMLS
Price summary
- Price:$825,000
About this home
TURNKEY, Cash-Flowing, Well Maintained, Fully Leased & Remodeled 4-plex in Prime Mesa Location near Downtown & only 3 blocks from Stapley/Main Light Rail
Station. Each large Fully Remodeled Unit has 2-bedrooms, 2-baths & 1,004 sq. ft.
Upgrades include New Luxury Vinyl Plank Flooring in the Living areas and carpeting in the bedrooms. Also New Shaker Cabinets, Appliances, New Interior Trim, Doors & Interior Paint. Complete Roof
Replacement in 2021, Newer Entry Deck Surfacing for 2nd floor Units C & D, New
Composition Mansard Roof Walls, and New Masonry Block Privacy Fencing. First floor units have Private Yards & Covered Patios. HVAC Units and Water Heaters are Newer With over $150k Invested in improvements. No HOA. **Please Do Not Disturb Tenants - Drive By Only!** Each Unit has One Covered Parking Space plus a 2nd uncovered Space and a Storage Unit. Units are Currently Rented at Market Rate with Strong Tenant Occupancy. Upstairs Units Lease for $1,400/month & Downstairs Units for $1,495/month, Producing a Gross Monthly Income of $5,790 ($69,480 Annually) plus laundry room income and a 7.14 Cap Rate. The On-site Laundry is not only convenient but produces additional revenue annually of $1280.
Truly an Excellent Investment with Updated Units, Stable Rents, and a Prime Location near Mesa's Growing Downtown Corridor. and Great for Seasoned or New investors **PLEASE DO NOT DISTURB OCCUPANTS**
Contact an agent
Home facts
- Year built:1973
- Listing ID #:6922706
- Updated:September 24, 2025 at 03:03 PM
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Year built:1973
Schools
- High school:Westwood High School
- Middle school:Kino Junior High School
- Elementary school:Edison Elementary School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$825,000
- Tax amount:$1,542 (2024)
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