1142 N APRIL Circle, Mesa, AZ 85203

$1,400,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,400,000 Last Modified: 4/30/2026

Overview

Description

Sale includes 9 units located at 1142, 1149, and 1150 N April Circle. All 3 triplexes must be sold together. Originally constructed in 1970, the property has been self-managed and maintained by current ownership for over 20 years, resulting in strong physical condition and stable operations. Each property has undergone substantial capital improvements in recent years, including the replacement of all three roofs (2018, 2020, 2021), a majority of HVAC systems, and multiple plumbing upgrades. Each of the units also feature private yards, carport parking, and washer/dryer hookups. The property consists of a mix of spacious one, two, and three-bedroom floorplans, supporting strong in-place rents with historically low turnover. Seller intends to review all offers May 8, 2026.

Listing Details MLS# 7021519

Location, Tax & Legal

House Number
1142
Compass
N
Street Name
APRIL
St Suffix
Circle
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
4782
Country
US
County Code
Maricopa
Subdivision
ENCHANTED VILLAGE
Assessor Number
137-32-190-A
Tax Year
2025
Assessor's Map #
32
Legal Description (Abbrev)
LOT 84 ENCHANTED VILLAGE MCR 010714
Assessor's Parcel #
190
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
420901
Taxes
1098
Legal
LOT 84 ENCHANTED VILLAGE MCR 010714
Marketing Name
Mesa Triplexes

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8346
Year Built
1970
Total # of Units
9
# of Buildings
3
Zoning
multi
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Uncvrd Parking Spcs
0

Legal Info

Township
1N
Range
5E
Section
14
Lot Number
84

Income Expenses

Gross Annual Sch Inc
155772
Net Operating Income
124061

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1250
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
5
Avg Rent
1375
Avg SqFt
900
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
3
Avg Rent
1650
Avg SqFt
975
# Baths
Yes

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
25357
Operating Exp
26455
Other Income
150
Vacancy Allowance
0.04
Adjusted Gross Inc
149685.12

Pmt & Rate Info

Cap Rate
8.86
Equity
1400000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Central Air
Yes

Exterior Amenities

Green Landscaping
Yes
Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes

Appliances Included

W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Laminate; Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced Interior Features: Unfurnished Appliances Included: W/D Hookup Heating: Natural Gas Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Matthews Real Estate Investment Services
Last Updated: April - 30 - 2026
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