532 S Mesa Dr Mesa, AZ 85210
Woodbridge Crossing NeighborhoodEstimated payment $3,172/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Franklin at Brimhall Elementary School Rated A
About This Home
Exceptional investment opportunity in a prime Mesa location near Mesa Community College and major freeways. This property features 3 units: one on the lower level, one on the ground level, and one on the upper level, each with its own washer and dryer. All units are tenant-occupied on month-to-month leases at $1,000 per month, with potential to increase rents to $1,300-$1,400 per month per unit. The property offers stable occupancy, no HOA fees, and low maintenance, making it ideal for investors seeking strong cash flow and long-term value. Close to education, transportation, shopping, and dining, this 3-unit property combines immediate income with significant rental growth potential in one of Mesa's most desirable markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $985
Year Built
- Built in 1981
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Assigned Parking
Schools
- Holmes Elementary School
- Mesa High School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Legal Lot and Block 3 / 2
- Assessor Parcel Number 139-36-080-E
Community Details
Overview
- 3 Units
- Building Dimensions are 0
- Almond Place Subdivision
Building Details
- Operating Expense $985
- Gross Income $41,040
- Net Operating Income $40,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/24/2025 05/24/25 | Price Changed | $580,000 | -9.4% | -- |
03/25/2025 03/25/25 | For Sale | $640,000 | +183.8% | -- |
04/27/2018 04/27/18 | Sold | $225,500 | +0.3% | $134 / Sq Ft |
04/08/2018 04/08/18 | Pending | -- | -- | -- |
04/06/2018 04/06/18 | For Sale | $224,900 | 0.0% | $134 / Sq Ft |
03/01/2012 03/01/12 | Rented | $550 | 0.0% | -- |
02/27/2012 02/27/12 | Under Contract | -- | -- | -- |
02/10/2012 02/10/12 | For Rent | $550 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6842303

APN: 139-36-080C
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