Pending
  • $825,000

    1146 E 2nd St, Mesa, AZ 85203

    8beds
    2baths
    4,016sqft
    : 
    Multi Family
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $205/sqft
    $-- HOA

    What's special

    Covered patiosNew interior trimPrivate yardsNew shaker cabinets
    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**
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