2680 South Val Vista Drive Suite 101 Gilbert AZ 85295
$1,600,000
202 E 2ND AvenueMesa, AZ 85210
MLS# 6964033
Status: Closed
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Property Description
Price Reduced, 5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.
Details
Maps
Contract Info
Current Price: $1,579,000
List Price: $1,600,000
Status: Closed
List Date: 2026-01-06
Ownership: Fee Simple
Location Tax Legal
House Number: 202
Compass: E
Street Name: 2ND
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1412
County Code: Maricopa
Subdivision: Mesa Arizona
Assessor Number: 138-66-008
Tax Year: 2025
General Property Description
Lot Size Dimensions: ALMOST AN
Year Built: 1925
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 5
Zoning: MULTI
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Remarks Misc
Cross Street: MAIN/ MESA DR
Directions: Main & Center, South to 2nd Ave and East to Property
Geo Lat: 33.411019
Geo Lon: -111.82552
Status Change Info
Off Market Date: 2026-04-10
Under Contract Date: 2026-03-26
Close of Escrow Date: 2026-04-10
Sold Price: 1579000
Legal Info
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 146400
Net Operating Income: 112708
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 9
Avg Rent: 1200
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 600
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam; See Remarks
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: RV/Boat Parking; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s)
Interior Features: Partially Furnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Electric; Window/Wall Unit; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; City Electric
Gas: Individual Meter
Parking Features: On Street; >1 Space Per Unit; Free
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 11 - 2026
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Saturday 11th of April 2026 10:53 AM