416 N Roca Mesa, AZ 85213
The Groves NeighborhoodEstimated payment $6,973/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
Discover a remarkable multiplex with immediate returns on a huge 16,771 sf lot. This well-maintained property features seven units: six 2-bed, 1-bath (900 sq. ft.) and one 2-bed, 1.5-bath (950 sq. ft.), all generating reliable rental income. Each unit is individually metered for electricity, simplifying utility management. With 14 parking spaces, residents enjoy ample parking. Each unit has washer/dryer hookups for added tenant comfort. Located in vibrant Mesa, the property provides easy access to shopping, dining, entertainment, and top-rated schools and parks. Mesa's thriving economy ensures high rental demand and low vacancy rates, with convenient access to highways and public transport for easy commuting to Phoenix. Ask for Offering Memorandum. Sale is AS-IS.
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #SA639563000 Listed on: 04/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,753
Year Built
- Built in 1986
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 14 Parking Spaces
- 7 Covered Spaces
- Over 1 Space Per Unit
Schools
- Highland Arts Elementary School
- Poston Junior High School
- Mountain View High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 140-11-372
Community Details
Overview
- 7 Units
- Building Dimensions are Irregular
- University Villa East Subdivision
Building Details
- Operating Expense $20,232
- Gross Income $118,800
- Net Operating Income $98,241
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Price Changed | $1,250,000 | -10.7% | -- |
| 04/23/2025 04/23/25 | For Sale | $1,399,999 | +122.2% | -- |
| 11/16/2018 11/16/18 | Sold | $630,000 | -5.2% | $700 / Sq Ft |
| 11/01/2018 11/01/18 | Price Changed | $664,900 | 0.0% | $739 / Sq Ft |
| 09/14/2018 09/14/18 | Pending | -- | -- | -- |
| 05/05/2018 05/05/18 | Price Changed | $664,900 | -1.5% | $739 / Sq Ft |
| 03/30/2018 03/30/18 | For Sale | $674,900 | +77.6% | $750 / Sq Ft |
| 10/31/2014 10/31/14 | Sold | $380,000 | -8.4% | $422 / Sq Ft |
| 09/16/2014 09/16/14 | Pending | -- | -- | -- |
| 08/07/2014 08/07/14 | For Sale | $415,000 | -- | $461 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6855667
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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