$695,000
Mesa, AZ 85201
MLS# 6982461
1 / 28
Property Description
Fully occupied fourplex in a high‑demand Mesa rental corridor near Riverview, Tempe Marketplace, ASU, and the 101/202 interchange. All four units are 2 bed/1 bath with tile flooring, individual electric metering, in‑unit laundry hookups, and assigned parking with carports. The building has been well maintained with a new roof (2024), new exterior paint (2025), and multiple newer AC units and water heaters. Long‑term tenants and professional management support stable operations, with the property currently generating $4,490/month in scheduled rents and an owner‑reported annual gross income of $51,186. Rents remain below market for the area, creating a clear value‑add opportunity in a submarket where renovated 2‑bed units routinely achieve $1,500-$1,700+.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $695,000
List Price: $695,000
Status: Active
List Date: 2026-02-10
Location, Tax & Legal
Unit #: 105
Assessor's Map #: 11
Assessor's Parcel #: 2
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421101
Taxes: 1501
Tax District: 04
Legal: PT NE4 SE4 NE4 DAF BEG AT PT 317F W & 201F N OF SE COR NE4 SE4 NE4 TH N 87.48F M/L TO PT ON S LN OF
Marketing Name: Great Mesa fourplex
House Number: 434
Compass: W
Street Name: IVYGLEN
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 2140
County Code: Maricopa
Assessor Number: 135-11-002-J
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7187
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Whitman Elementary School
High School: Westwood High School
Year Built: 1985
Zoning: C-C
Legal Info
Range: 5E
Section: 9
Township: 1N
Lot Number: M/B
Project Type
Four Plex: 1
Construction
Steel Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1227
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 2041
Annual Wtr/Swr Exp: 2041
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6810
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 51186
Total Monthly Rental Income: 4490
Pmt & Rate Info
Cap Rate: 6.63
Equity: 710000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Incorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-435-6708
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 562
Avg SqFt: 834
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: COUNTRY CLUB DR & BROWN.
Geo Lat: 33.446187
Geo Lon: -111.841274
Income Expenses
Gross Annual Sch Inc: 53880
Net Operating Income: 47070
Property Features
Project Type: Four Plex
Construction: Steel Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; >1 Space Per Unit; Assigned
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Incorporated Area
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Environmental: None
Supplements
+ tenants pay electric. Strong rental demand and a central location make this a compelling investment. Buyer to verify all facts and figures..
Listing Office: Orchard Brokerage
Last Updated: April - 18 - 2026
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