Listed by Keller Williams Arizona Realty
$699,000
North Gate Gardens
Details
APN 136-07-161
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,264
Net Rentable (SqFt) 3,200
Units 4
Cap Rate 4.66%
NOI $32,600
Occupancy 100%
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $45,600
Price per SqFt $214
Class C
Year Built 1983
Year Renovated 2022
Buildings 1
Stories 2
Lot Size (SqFt) 8,360
Zoning Multi Family
Investment Type Stabilized
Occupancy Date 01/01/2026
Ownership Investment
Sale Condition 1031 exchange
All 2 Bedroom Units / 100% Occupied
Marketing description
Brand New Roof 3/3/26. All new windows! No HOA. Well-maintained four-plex nestled in a desirable Mesa 85203 neighborhood. Each unit offers a comfortable 2-bedroom, 1-bath layout and the property is fully tenant occupied, providing immediate rental income. All tenants are month to month, offering upside with rent increases. The Pride of ownership shines throughout with consistent care and thoughtful maintenance. Located near local shops, dining, schools, and easy freeway access. Marketing in cooperation w/listing ofc-The Brokery. This is a wonderful opportunity to own a solid multifamily asset in an established, high-demand area.
Investment highlights
New Roof 2026
New Windows
100% Occupied
Month to Month Tenants
Listing Contacts
Listed by Keller Williams Arizona Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$32,600.00
$2,716.67/mo
Valuation Metrics
0
DSCR
4.66%
Cap Rate
4.66%
ROI
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