Listing Courtesy of: Arizona Regional MLS / Better Homes And Gardens Real Estate S.J. Fowler / George Akers
1146 E 2nd Street Mesa, AZ 85203
Active (12 Days)
$825,000 (USD)
Description
MLS #:
6922706
6922706
Taxes
$1,542
$1,542
Type
Multifamily
Multifamily
Year Built
1973
1973
County
Maricopa County
Maricopa County
Listed By
George Akers, Better Homes And Gardens Real Estate S.J. Fowler
Source
Arizona Regional MLS
Last checked Oct 2 2025 at 8:11 PM MST
Arizona Regional MLS
Last checked Oct 2 2025 at 8:11 PM MST
Bathroom Details
Heating and Cooling
- Electric
Flooring
- Carpet
- Vinyl
Exterior Features
- Block
- Painted
- Siding
- Roof: Foam
- Roof: Built-Up
Utility Information
- Sewer: Public Sewer
School Information
- Elementary School: Edison Elementary School
- Middle School: Kino Junior High School
- High School: Westwood High School
Parking
- >1 Space Per Unit
- See Remarks
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 10/2/25 13:11.
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 10/2/25 13:11.
Station. Each large Fully Remodeled Unit has 2-bedrooms, 2-baths & 1,004 sq. ft.
Upgrades include New Luxury Vinyl Plank Flooring in the Living areas and carpeting in the bedrooms. Also New Shaker Cabinets, Appliances, New Interior Trim, Doors & Interior Paint. Complete Roof
Replacement in 2021, Newer Entry Deck Surfacing for 2nd floor Units C & D, New
Composition Mansard Roof Walls, and New Masonry Block Privacy Fencing. First floor units have Private Yards & Covered Patios. HVAC Units and Water Heaters are Newer With over $150k Invested in improvements. No HOA. **Please Do Not Disturb Tenants - Drive By Only!** Each Unit has One Covered Parking Space plus a 2nd uncovered Space and a Storage Unit. Units are Currently Rented at Market Rate with Strong Tenant Occupancy. Upstairs Units Lease for $1,400/month & Downstairs Units for $1,495/month, Producing a Gross Monthly Income of $5,790 ($69,480 Annually) plus laundry room income and a 7.14 Cap Rate. The On-site Laundry is not only convenient but produces additional revenue annually of $1280.
Truly an Excellent Investment with Updated Units, Stable Rents, and a Prime Location near Mesa's Growing Downtown Corridor. and Great for Seasoned or New investors **PLEASE DO NOT DISTURB OCCUPANTS**