532 S MESA Drive Active Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85210
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Almond Place
MLS Listing ID 6842303
Year Built 1981
Annual Tax Amount $985
Tax Year 2023
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Exceptional investment opportunity in a prime Mesa location near Mesa Community College and major freeways. This property features 3 units: one on the lower level, one on the ground level, and one on the upper level, each with its own washer and dryer. All units are tenant-occupied on month-to-month leases at $1,000 per month, with potential to increase rents to $1,300-$1,400 per month per unit. The property offers stable occupancy, no HOA fees, and low maintenance, making it ideal for investors seeking strong cash flow and long-term value. Close to education, transportation, shopping, and dining, this 3-unit property combines immediate income with significant rental growth potential in one of Mesa's most desirable markets.
Location
State AZ
County Maricopa
Community Almond Place
Zoning Multi Family
Interior
Heating Electric
Cooling Electric,Heat Pump
Flooring Ceramic Tile,Vinyl
Appliance Free-Standing Range,Disposal,Dishwasher,Refrigerator,Washer/Dryer
Exterior
Parking Features Assigned
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Holmes Elementary School
High Schools Mesa High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 139-36-080-E
Acceptable Financing CTL,Conventional,1031 Exchange
Listing Terms CTL,Conventional,1031 Exchange