434 W IVYGLEN Street 105, Mesa, AZ 85201

$695,000
Property Type: Multiple Dwellings Status: Active
Current Price: $695,000 List Date: 2/12/2026 Last Modified: 4/18/2026

Overview

Description

Fully occupied fourplex in a high‑demand Mesa rental corridor near Riverview, Tempe Marketplace, ASU, and the 101/202 interchange. All four units are 2 bed/1 bath with tile flooring, individual electric metering, in‑unit laundry hookups, and assigned parking with carports. The building has been well maintained with a new roof (2024), new exterior paint (2025), and multiple newer AC units and water heaters. Long‑term tenants and professional management support stable operations, with the property currently generating $4,490/month in scheduled rents and an owner‑reported annual gross income of $51,186. Rents remain below market for the area, creating a clear value‑add opportunity in a submarket where renovated 2‑bed units routinely achieve $1,500-$1,700+.

Supplements: + tenants pay electric. Strong rental demand and a central location make this a compelling investment. Buyer to verify all facts and figures..

Listing Details MLS# 6982461

Location, Tax & Legal

House Number
434
Compass
W
Street Name
IVYGLEN
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
2140
County Code
Maricopa
Assessor Number
135-11-002-J
Tax Year
2025
Unit #
105
Assessor's Map #
11
Assessor's Parcel #
2
Assessor Parcel Ltr
J
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421101
Taxes
1501
Tax District
04
Legal
PT NE4 SE4 NE4 DAF BEG AT PT 317F W & 201F N OF SE COR NE4 SE4 NE4 TH N 87.48F M/L TO PT ON S LN OF
Marketing Name
Great Mesa fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7187
Year Built
1985
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
C-C
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Whitman Elementary School
High School
Westwood High School

Remarks Misc

Cross Street
COUNTRY CLUB DR & BROWN.

Legal Info

Township
1N
Range
5E
Section
9
Lot Number
M/B

Income Expenses

Gross Annual Sch Inc
53880
Net Operating Income
47070

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
562
Avg SqFt
834
# Baths
Yes

Contact Info

List Agent Home Phn
602-435-6708

Project Type

Four Plex
Yes

Construction

Steel Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1227
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
2041
Annual Wtr/Swr Exp
2041
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
6810
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
51186
Total Monthly Rental Income
4490

Pmt & Rate Info

Cap Rate
6.63
Equity
710000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Individual
Yes

Cooling

Electric
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Curb(s) & Gutter(s)
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Access Type

Private Road
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Incorporated Area
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
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

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Steel Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Assigned Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Incorporated Area Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks 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: VA; FHA; Conventional; No Carry Environmental: None
Listing Office: Orchard Brokerage
IDX
Last Updated: April - 18 - 2026
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