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$900,000
6728850 MLS
Discover an advantageous investment opportunity in Mesa's sought-after rental market with this well-maintained four-unit property. Plus, it is ideal for investors seeking a 1031 exchange or a stable income stream. Located just minutes from downtown Mesa, this desirable multi-family home features recent upgrades, including two newly remodeled units. All units are currently rented, and tenants are responsible for electricity and gas. The apartment mix includes a spacious single-level unit with three bedrooms and two baths, two townhome-style units each with two bedrooms and 1.5 baths, and a private two bedroom, 1.5 bath apartment above the garages. Recent enhancements include new outlets, switches, washer, and dryer hookups, efficient 14 SEER heat pumps, & modern LED exterior lighting. Additional upgrades feature a newer roof, refreshed exterior paint, and two units recently remodeled to attract higher rents. Shared garages have been converted into private single-car garages with openers & remotes, enhancing tenant satisfaction and property value. Residents enjoy a community pool, private patios, garage parking, and professionally maintained landscaping. Detailed Cap Rates and improvement records are available upon request, highlighting strong rental income potential and historical performance. Do not miss this rare opportunity to acquire a turnkey multi-family property in Mesa. Contact the listing Agent if you have any questions or need further assistance!

860 E Brown Road Unit 41, Mesa

Courtesy of Arizona Best Real Estate. 480-948-4711 Selling Office: W and Partners, LLC.

$815,000
6715006 MLS
4 units located in the Central Mesa Submarket of Mesa, AZ. Originally built in 1980, this property has a unique mix of (3) large 2+1.5 units and (1) 3+2 unit. unit, and sits within the Sun Gardens Apartments HOA that features a community pool. Current average rents sit at $1,425/unit, and there is room to push them closer to market. Each unit is also sub-metered for water, that allows new ownership the opportunity to bill tenants directly for water. HOA fee is $475/month and they cover expenses including trash service and common area maintenance. Just a few miles from the asset are attractions such as the Oakland A's Spring Training facility, Mesa Country Club, and Mesa Riverview shopping center. CONTACT AGENT FOR COPY OF OM

860 E Brown Road Unit 29, Mesa

Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: Matthews Real Estate Investment Services.

$1,000,000
6691371 MLS
An exceptional and unparalleled opportunity awaits with this magnificent fourplex, nestled in the heart of the 85205 zip code area in Mesa, Arizona. This remarkable property exudes charm and elegance. Offering a collection of four units, each boasting three bedrooms and two bathrooms, this meticulously crafted building showcases a tasteful blend of modern design and timeless appeal. Built in 2005, this architectural gem ensures a truly remarkable experience for both residents and investors. Situated in the coveted 85205 zip code area, this fourplex provides convenient access to an array of amenities, including shopping centers, educational institutions, and recreational parks. Embrace this extraordinary chance to own a prestigious and highly profitable fourplex in the vibrant city of Mesa, Arizona. Premises is in close proximity and easy access to the Loop 202 (Red Mountain Freeway). All units are a mirror image. The primary bedroom is upstairs on all units and the basement level has two bedrooms, a bathroom and a laundry room. All units will have a washer, dryer, refrigerator, dishwasher and microwave. Units 109, 111 and 112 are being refurbished and can't be viewed at this time. Although, Sellers' agent will assist for access in the near future. The community offers a pool, playground and picnic area.

4423 E Mclellan Road Unit 110, Mesa

Courtesy of Century 21 Seago. 480-756-2121 Selling Office: Better Homes & Gardens Real Estate SJ Fowler.

$800,000
6681070 MLS
Owner would prefer to sell with 507 S Hall St. Owner self managed. Owner has recently installed fencing giving each unit significant private space. This will make the units much more marketable in the future, and will shift the exterior maintenance for the private spaces from the obligation of the landlord to the obligation of the tenant. An ADA sidewalk from the front to the back was also installed. Rent was also increased to at least $1400 for all tenants starting 6/1/24. A separately metered wash room also exists for what used to be a shared laundry. This has been switched to used for the A unit only and they pay the second electric bill. All tenants are month to month, and all would like to stay. Opportunity to improve numbers and get economies of scale with upgrades and buying both units.

517 S Hall --, Mesa

Courtesy of AZ Brokerage Holdings, LLC. 480-948-9450 Selling Office: Compass.

$690,000
6637229 MLS
Very well maintained 4-plex with three 2 bedroom/1 bath units and one large 1 bedroom/1 bath unit. Each unit has a separate indoor storage area. All units come with a washer/dryer, dishwasher, garbage disposal along with LED lightbulbs in every fixture, solar screens on all windows and metal privacy doors. Eight parking spaces with four covered spaces. Completely fenced yard with a locked cluster mailbox unit. Well landscaped with desert xeriscape plantings as well as irrigation to newer plantings. Two tenants are long term stable tenants and two newer tenants have recently been added - October 2023 and August 2023. This was the owner's primary residence for five years so Unit 4 has many upgrades. Exterior paint in 2018 and all units have been repainted within the last 3 years. Unit 2 had new laminate commercial flooring installed in January of 2023 and Unit 4 had new carpet in 2018. A short walk to the city bus stop and easy freeway access.

1846 N Pima Street, Mesa

Courtesy of Built By Referral Rlty Grp 02. 480-895-9100 Selling Office: ABI Multifamily.

$745,000
6568464 MLS
This value add 4plex in Mesa is waiting for its next investor to reach its proforma! All units have private back yards, in unit washer/dryers, 2 bedrooms and 1 bathroom. Each unit but one is month to month with long term tenants and one unit is vacant for owner occupy or for a full market value tenant. The tenants have covered parking and plenty of additional parking on the lot. There is a shed with power that could potentially be turned into storage, office or another unit. Last repairs on the roof were in 2/22. Unit #1 has a new water heater in 2/23 and a/c condenser in 10/2020 Unit #2 has a new dish washer and washer in 10/22, water heater and garbage disposal in 2/22 and dryer in 8/20 Unit 3 had a new fridge in 2/20 Unit 4 had a new water heater in 1/21 and garbage disposal in 10/

457 E 9th Avenue, Mesa

Courtesy of My Home Group Real Estate. 480-685-2760 Selling Office: Keller Williams Realty Phoenix.

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