3050 E CICERO Street, Mesa, AZ 85213
$730,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$730,000
List Date:
1/29/2026
Last Modified:
2/24/2026
Description
Strong income potential in Mesa! This well-maintained property offers four spacious 2-bedroom, 2-bath units with tenant friendly layouts that are easy to rent and easy to manage. Pride of ownership shines throughout, supporting consistent rental demand. Located in an established, high-demand Mesa neighborhood near shopping, dining, parks, and freeways. An opportunity to add a reliable, income-producing property to your portfolio!
More Information MLS# 6974058
Contract Info
Ownership: Fee Simple
Current Price: $730,000
List Price: $730,000
Status: Pending
List Date: 2026-01-24
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): LOT 46 UNIVERSITY VILLA EAST MCR
Assessor's Parcel #: 407
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420704
Taxes: 2103
Legal: LOT 46 UNIVERSITY VILLA EAST MCR
Marketing Name: UNIVERSITY VILLA EAST
House Number: 3050
Compass: E
Street Name: CICERO
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85213
Zip4: 7862
County Code: Maricopa
Subdivision: UNIVERSITY VILLA EAST
Assessor Number: 140-11-407
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 0.182
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1984
Zoning: M-H
Legal Info
Range: 6E
Section: 17
Township: 1N
Lot Number: 46
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1862
Annual Maint Exp: 912
Annual Trash Exp: 1
Annual Wtr/Swr Exp: 4128
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9006
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 33610.5
Pmt & Rate Info
Cap Rate: 3.66
Equity: 730000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Sidewalk(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 850
Avg SqFt: 874
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: VAL VISTA & UNIVERSITY
Geo Lat: 33.423426
Geo Lon: -111.765244
Status Change Info
Off Market Date: 2026-02-24
Under Contract Date: 2026-02-08
Income Expenses
Gross Annual Sch Inc: 33950
Net Operating Income: 26699
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Sidewalk(s)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Disposal; W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office:
The Brokery
Last Updated: February - 24 - 2026
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