532 S MESA Drive B, Mesa, AZ 85210

$525,000

Property Type: Multiple Dwellings Bedrooms: 6 Baths: 3 Status: Active

Current Price: $525,000 Last Modified: 8/27/2026

Overview

Description

Calling all investors!! BRAND NEW ROOF February 2026 & NEWER Exterior Paint in 2025. This Triplex is fully leased out with gross rents totaling $3,194 a month. Triplex has some upgrades over the years with flooring, bathrooms, and PEX plumbing. One unit upstairs and two units downstairs. Downstairs units have private backyards and BASEMENTS, huge attraction for tenants!! Also, plenty of parking in parking lot designated for the three triplex's in this private area tucked back off of Mesa Drive. Owner pays water/sewer/trash and Tenants pay electric. Please do not disturb tenants - drive by only.

Listing Details MLS# 7044313

Location, Tax & Legal

House Number: 532
Compass: S
Street Name: MESA
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 2573
Country: US
County Code: Maricopa
Subdivision: ALMOND PLACE
Assessor Number: 139-36-080-D
Tax Year: 2025
Unit #: B
Assessor's Map #: 36
Legal Description (Abbrev): MESA MCR 23-18 LOT 3 BL 87 E 54.33F OF W 108.65F
Assessor's Parcel #: 80
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 422001
Taxes: 802
Legal: MESA MCR 23-18 LOT 3 BL 87 E 54.33F OF W 108.65F
Marketing Name: CASH FLOW

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: IRR
Year Built: 1981
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: Yes
Zoning: R2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Holmes Elementary School
Jr. High School: Franklin Junior High School
High School: Mesa High School

Remarks Misc

Cross Street: SOUTHERN & MESA DR
Directions: Between Broadway and Southern off of Mesa Dr. Enter west onto private drive to 2nd building in the middle tucked well off of Mesa Dr.

Legal Info

Township: 1N
Range: 5E
Section: 27
Lot Number: 3

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1064.67
Avg SqFt: 800
# Baths: Yes

More Information

Structure

Bedrooms Total: 6
Bathrooms Total: 3

Income Expenses

Gross Annual Sch Inc: 38328
Net Operating Income: 16420

Showing Notification Methods

Showing Service: No Showing Service Used
Email: Yes
Phone Call: Yes

Contact Info

List Agent Home Phn: 480-442-9868

Project Type

Tri-Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2000
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 2520
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2150
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 10072
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 37178.16
Total Monthly Rental Income: 3194

Pmt & Rate Info

Cap Rate: 3.13
Down Payment: 0
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

Other: Yes
See Remarks: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Basement: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes
None: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Paved: Yes

Electric

City Electric: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: Other; See Remarks Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Basement Appliances Included: Free-Standing Range; Refrigerator; None Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Special: Owner/Agent Showing Notification Methods: Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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: FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Real Broker

Last Updated: August - 27 - 2026