1138 N DRESDEN Circle, Mesa, AZ 85203
$625,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$625,000
Last Modified:
2/04/2026
Description
TURN-KEY: Mesa triplex with three separate addresses and garages—a rare setup. Unit 1: updated 1/1 with long-term HOME INC voucher tenant bringing in $1600per month. Unit 2: 1/1 with 2-car garage paying $1300 per month. Unit 3: A 2/1 at $1,500/mo with private yard and carport. Property includes coin-op laundry, workshop next to an RV gate with rentable RV parking space! Expansion potential for a studio/4th unit. Cul-de-sac lot near light rail/freeways with alley access. HVAC units professionally maintained, roof partial and full replacements already done. 2/3 units remodeled. Private alley for tenants and parking. BUILDING QUALIFIES FOR FHA, LIVE IN ONE UNIT AND RENT THE OTHER TWO!
More Information MLS# 6948740
Contract Info
Ownership: Fee Simple
Current Price: $625,000
List Price: $625,000
Status: Active
List Date: 2025-11-18
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 11 TURCO TERRACE MCR 012419
Assessor's Parcel #: 378
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 1055
Legal: LOT 11 TURCO TERRACE MCR 012419
Marketing Name: Jando Tri-Plex
House Number: 1138
Compass: N
Street Name: DRESDEN
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4750
County Code: Maricopa
Subdivision: TURCO TERRACE
Assessor Number: 137-32-378
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: Irregular
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Kerr Center for Agriscience
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1972
Zoning: Multii-Family
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 11
Project Type
Tri-Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Metal: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1147.56
Annual Gas Exp: 0
Annual Ins Exp: 898.45
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 787.89
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3888.9
Other Income: 1200
Vacancy Allowance: 0.01
Adjusted Gross Inc: 54648
Pmt & Rate Info
Cap Rate: 6.69
Down Payment: 0
Equity: 625000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Combo: 1
Community Features
No Pool: 1
Play Area: 1
Other: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fire Escape: 1
Rain Gutters: 1
Fenced: 1
RV/Boat Parking: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Trash Collection: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Garage: 1
Garage: 1
Carport: 1
Free: 1
<1 Space Per Unit: 1
Garage Door Opener: 1
Add'l Parking Avail: 1
Assigned: 1
RV Access/Parking: 1
Electric
City Electric: 1
Individual Meter: 1
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Other: 1
See Remarks: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-206-3631
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1300
Avg SqFt: 800
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1500
Avg SqFt: 950
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Mesa Dr. & Brown Rd.
Directions: South on Mesa Dr, EAST on Brown, NORTH on Dresden.
Geo Lat: 33.436186
Geo Lon: -111.818732
Income Expenses
Gross Annual Sch Inc: 54000
Net Operating Income: 41800
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Metal
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool; Play Area; Other; See Remarks
Exterior Amenities: Desert Landscaping; Fire Escape; Rain Gutters; Fenced; RV/Boat Parking; Separate Storage; Security Light(s)
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal
Cooling: Electric
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: City Electric; Individual Meter; Other (See Remarks)
Gas: None
Parking Features: Garage; Carport; <1 Space Per Unit; Detached Garage; Garage Door Opener; Add'l Parking Avail; Assigned; RV Access/Parking; Free
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Other; See Remarks
Tenant Pays: Electricity; Trash Collection; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: Supra; Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
Real Broker
Last Updated: February - 04 - 2026
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