6035 E Covina Road, Mesa, AZ 85205

$510,000

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List Price
$510,000
Status
ACTIVE
Days on Market
7
MLS#
7058308
Subtype
Multiple Dwellings
Year Built
1970
Subdivision
Dreamland Villa 11

Property Description

Investor opportunity in the desirable 55+ community of Dreamland Villas! This fourplex offers four 1-bedroom, 1-bathroom units, each featuring a private covered back patio and an assigned covered carport parking space. Two units are currently tenant occupied, providing immediate rental income, while two vacant units offer the flexibility to renovate and lease at current market rates or place your own tenants. The property has been occupied by long-term tenants and presents an excellent value-add opportunity for investors looking to make cosmetic updates and increase rental potential. Located in a well-established community with an optional HOA that provides access to amenities including a pool, pickleball, shuffleboard, and a variety of social activities.

Additional Information

Taxes
$1,327
Zoning
R-3
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Block, Painted
Pool
Yes
Parking Features
1 Space/Unit, Carport, Attached Carport

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Arizona Properties.

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