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Sold on 05/20/2015

1006 E 2nd St, Mesa, AZ 85203

  • $152,500

    Last sold 05/20/2015 after 74 Days

  • 6

    bed

  • 3

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 1006 E 2nd St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Property description
Easy to rent, and 6.4 cap rate at asking! Very stable tenants, all of whom want to stay (no current vacancies, and some of the occupants have lived on the property for years). No community utility bills except for water/sewer/trash. This is a great little cash cow in the heart of Mesa with some really attractive features. Gated covered parking! Separate storage lockers for each unit! Quiet corner lot! Two of the three units upgraded within the last 2 years! Nice big yard that the tenants can use to extend their living space. Solid, block construction.
Listed by
Listing Agent - Vincent Davis
Listing Office - West USA Realty
Source: ARMLS mls logo
MLS#5246956 • last updated 1 year ago
Movoto checked ARMLS for data 25 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Individual, 2 Or More Units
Heating Individual, 2 Or More Units, Electric
MLS # 5246956
Type Multiple Dwellings
Status Closed
Property Tax 845
Year Built 1970
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking RV Access/Parking, Paved, Free, Assigned, Add'l Parking Avail, Attached, 1 Space/Unit, On Street, Carport
# of Covered Spaces 3
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision Suburban Gardens 2
Community Features Barbecue, Play Area, No Pool
Elementary School Edison Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Westwood High School
APN 138-20-118
Zoning R-6
Directions South On Stapley From University To 2nd Street. West To Property, North Side.
Multifamily Details
Total # of Units 3
Expense: Operating 5605
Financial Data Source Owner
Expense: Maintenance 1200
Vacancy Allowance 0.01
Expense: Insurance 860
Net Operating Income 11239
Gross Income 17820
Expense: Water/Sewer 2700
Gross Scheduled Income 18000
  • 1006 E 2nd St
    $152K
  • Fraser
    $418K -50% y/y
  • 85203
    $539K +16% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Edison Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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