$595,000
Mesa, AZ 85203
MLS# 6935831
1 / 31
Property Description
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).
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $595,000
List Price: $595,000
Status: Active
List Date: 2025-10-19
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): KO KO PALMS 2 LOT 66 EX SELY 56' & ALSO LOT 67 EX N 74'
Assessor's Parcel #: 67
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420800
Taxes: 1295
Legal: KO KO PALMS 2 LOT 66 EX SELY 56' & ALSO LOT 67 EX N 74'
Marketing Name: Unk
House Number: 536
Compass: N
Street Name: HALL
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7490
County Code: Maricopa
Subdivision: KO KO PALMS 2 LOTS 34-76
Assessor Number: 137-37-067-B
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: Unk
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1971
Zoning: M-H
Legal Info
Range: 5E
Section: 13
Township: 1N
Lot Number: 66
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1595
Annual Landscape Exp: 1200
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5890
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 41845.8
Total Monthly Rental Income: 3595
Pmt & Rate Info
Cap Rate: 6.26
Equity: 595000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Exterior Amenities
Separate Storage: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Sewer: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1200
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1198
Avg SqFt: 900
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Gilbert/University
Directions: W to Hall St , then N to property
Geo Lat: 33.425151
Geo Lon: -111.794681
Income Expenses
Gross Annual Sch Inc: 43140
Net Operating Income: 37250
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Separate Storage
Appliances Included: Free-Standing Range
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Asphalt
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: Supra
New Financing: Cash; Conventional
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: December - 30 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.