1041 N MESA Drive, Mesa, AZ 85201

$4,500,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,500,000 Last Modified: 8/14/2025

Overview

Description

Seller May Carry All Facts & Figures Approximate, Buyer to Verify to Their Satisfaction. Discover a remarkable multiplex that promises a solid investment. This well-maintained property features 24 spacious units, each generating reliable rental income while showcasing significant investment potential. Long Term Owners and Tenants. All Single Level Buildings. with Newer Air Conditioners Walking Distance to Shopping. Great Parking Along With Street Parking. Please Do Not Disturb Tenants.

Supplements: Each unit is individually metered for electricity, simplifying utility management and maximizing profitability. The property boasts Ample parking spaces, ensuring ample parking for both residents and guests, further enhancing its overall convenience and appeal. Additionally, which boosts tenant comfort and desirability. Mesa's thriving economy and ...

Listing Details MLS# 6858057

Location, Tax & Legal

House Number
1041
Compass
N
Street Name
MESA
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
3543
Country
US
County Code
Maricopa
Subdivision
ENCHANTED VILLAGE
Assessor Number
137-32-151
Tax Year
2024

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
57582
Year Built
1972
Uncvrd Parking Spcs
9
Total # of Units
24
# of Buildings
6
Zoning
Multi
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Mesa Drive and Brown
Directions
Just South of Brown on Mesa Drive. Next to Strip Center is the Cul DE Sac

Status Change Info

Off Market Date
2025-07-21
Under Contract Date
2025-06-04
Close of Escrow Date
2025-08-14

Legal Info

Township
1N
Range
5E
Section
14
Lot Number
45

More Information

2 Bedroom Units

# 2 Bedroom Units
24
Avg Rent
1400
Avg SqFt
711
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
403200
Net Operating Income
384439

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Carryback
Loan Years
5
Payment Type
Balloon
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
1500
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Block; Other Const - Finish: Brick Veneer Roofing: Composition; Built-Up; Foam; See Remarks Floors: Concrete; Wood; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Electric Oven; Refrigerator; See Remarks Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: City Electric; Individual Meter Gas: None Parking Features: Carport; 1 Space/Unit; Assigned; Paved; See Remarks Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr Special: Incorporated Area Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None 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: Cash; Owner May Carry Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: August - 14 - 2025
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