$545,000
Mesa, AZ 85210
MLS# 6964692
Status: Closed
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Property Description
Opportunity knocks in one of Mesa's strongest rental corridors. This block-construction fourplex features four spacious 2-bed / 1-bath units, excellent visibility with Southern Ave frontage, and consistent demand thanks to its prime location. Each unit offers ceramic tile flooring throughout, individual electric meters, and washer/dryer hookups. Tenants appreciate the convenience, while owners love the durability and low-maintenance finishes. The property also includes an oversized 4-car covered parking area, providing valuable shade. There is deferred maintenance, and the property is being sold as-is, but the upside is clear for the investor willing to improve and reposition....
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $545,000
Sold Price: $545,000
Status: Closed
List Date: 2026-01-04
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 44 BEALL PARK 2 MCR
Assessor's Parcel #: 69
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 422002
Taxes: 1009
Legal: LOT 44 BEALL PARK 2 MCR
Marketing Name: 72 W Southern Ave
House Number: 72
Compass: W
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 5274
County Code: Maricopa
Subdivision: BEALL PARK 2
Assessor Number: 139-45-069-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6817
Flood Zone: No
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lincoln Elementary School
Jr. High School: Franklin Junior High School
High School: Mountain View High School
Year Built: 1971
Zoning: MF
Legal Info
Range: 5E
Section: 27
Township: 1N
Lot Number: 44
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1009
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 57600
Total Monthly Rental Income: 4800
Pmt & Rate Info
Cap Rate: 3.57
Down Payment: 0
Equity: 485000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Security Light(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Buyer - B
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Country Club and Southern
Directions: From Superstition FWY, North on Country Club Drive, East Southern Ave, 4-Plex on Left After MacDonald
Geo Lat: 33.393614
Geo Lon: -111.833783
Status Change Info
Off Market Date: 2026-01-24
Under Contract Date: 2026-01-09
Close of Escrow Date: 2026-01-23
Sold Price: $545,000
Income Expenses
Gross Annual Sch Inc: 57600
Net Operating Income: 17300
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Security Light(s)
Appliances Included: Built-In Range; Refrigerator; Disposal; W/D Hookup
Heating: Individual; Central
Cooling: Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; On Street; 1 Space/Unit; >1 Space Per Unit
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
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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: Cash; Conventional; 1031 Exchange
Environmental: None
Supplements
With strong rental fundamentals in the area and solid bones, this asset is poised to perform as part of any growing portfolio.
Bonus: The neighboring property at 82 W Southern Ave is also available, presenting the rare chance to scale in a high-demand location.
Add value, raise returns, and secure your next long-term hold right here in Mesa.
Listing Office: West USA Realty
Last Updated: January - 24 - 2026
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