202 E 2ND Avenue, Mesa, AZ 85210 (MLS# 6964033)

202 E 2ND Avenue, Mesa, AZ 85210

$1,600,000

Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)

Current Price: $1,600,000 Last Modified: 3/26/2026

Overview

Description

Price Reduced, 5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.

Listing Details MLS# 6964033

Location, Tax & Legal

House Number: 202
Compass: E
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1412
County Code: Maricopa
Subdivision: Mesa Arizona
Assessor Number: 138-66-008
Tax Year: 2025
Assessor's Map #: 66
Assessor's Parcel #: 8
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 0
Taxes: 2064
Tax District: 04
Legal: Mesa Arizona
Marketing Name: 10 Units

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: ALMOST AN
Year Built: 1925
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 5
Zoning: MULTI
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School

Remarks Misc

Cross Street: MAIN/ MESA DR
Directions: Main & Center, South to 2nd Ave and East to Property

Legal Info

Lot Number: 2

Income Expenses

Gross Annual Sch Inc: 146400
Net Operating Income: 112708

More Information

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 9
Avg Rent: 1200
Avg SqFt: 500
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1400
Avg SqFt: 600
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes
See Remarks: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4500
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 6500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 600
Operating Exp: 17864
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 142008
Total Monthly Rental Income: 12200

Pmt & Rate Info

Cap Rate: 7.04
Down Payment: 0
Equity: 1600000
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Central Air: Yes
Electric: Yes
Window/Wall Unit: Yes
Individual: Yes

Exterior Amenities

RV/Boat Parking: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes

Interior Features

Partially Furnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes
City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
On Street: Yes
>1 Space Per Unit: Yes

Electric

SRP: Yes
City Electric: Yes

Gas

Individual Meter: Yes

Owner Pays

Water: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Mobile Home Prk Info

Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam; See Remarks Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: RV/Boat Parking; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s) Interior Features: Partially Furnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Individual Cooling: Electric; Window/Wall Unit; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; City Electric Gas: Individual Meter Parking Features: On Street; >1 Space Per Unit; Free Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: None Existing 2nd Loan: Other (See Remarks) 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; Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: March - 26 - 2026