$595,000

Estimated payment $3,197/month

Total Views 6,413
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Turn- Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex is Fully Occupied ! All 2 bedroom 1 Bath units are separate Meters. Unit A (largest unit) 14-year tenant at $1,200/mo, 2 covered parking spots in the rear of the property (side by side), has a private front yard, one large storage unit, with hook ups for their washer and dryer. Unit B -10-year tenant at $1,100/mo- 1 covered parking spot in the rear of the property, two storage units, One with hook ups for their washer and dryer. C- $1,295/mo, covered parking spot in the rear of the property, two storage units, One with hook ups for their washer and dryer. All tenant pay for their own Electricity, Gas, and Trash. Landlord pays for Water only (approx $150/, & a landscaper to come once a month. ($100 / mo).

Listing Agent

Nathan Cannon

Limitless Real Estate License #SA513784000 Listed on: 10/19/2025

Limitless Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,295

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • On-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 137-37-067-B

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are Unk
  • Ko Ko Palms 2 Lots 34 76 Subdivision

Building Details

  • Operating Expense $5,890
  • Gross Income $41,846
  • Net Operating Income $37,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,295

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Gilbert/University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2024
  • Subdivision Name: KO KO PALMS 2 LOTS 34-76
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Unk
  • Additional Parcels: No
  • Parcel #: 137-37-067-B

Multi Family

  • Owner Pays: Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 41845.8
  • Insurance Expense: 1595.0
  • Property Net Operating Income: 37250.0
  • Annual Operating Expense: 5890.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1295.0
  • Tax Book Number: 137.00
  • Tax Lot: 66

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,295 $13,188 -- --
2024 $1,172 $12,560 -- --
2023 $1,172 $41,400 $8,280 $33,120
2022 $1,147 $31,500 $6,300 $25,200
2021 $1,172 $26,300 $5,260 $21,040
2020 $1,157 $24,060 $4,810 $19,250
2019 $1,075 $16,330 $3,260 $13,070
2018 $1,028 $14,210 $2,840 $11,370
2017 $997 $12,830 $2,560 $10,270
2016 $978 $12,070 $2,410 $9,660
2015 $922 $12,630 $2,520 $10,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 Off Market $595,000 -- --
12/30/2025 12/30/25 For Sale $595,000 0.0% --
11/20/2025 11/20/25 For Sale $595,000 0.0% --
11/16/2025 11/16/25 Pending -- -- --
11/14/2025 11/14/25 For Sale $595,000 0.0% --
11/08/2025 11/08/25 Pending -- -- --
10/19/2025 10/19/25 For Sale $595,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $165,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $132,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6935831

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-067B