Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,999,000
Last Modified:
8/08/2025
Search
1402 E Dana Avenue, Mesa, AZ 85204
$1,999,000
Description
Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the 2 houses have 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made in recent years: 5 of the 6 duplex units have new A/Cs, both of the single family homes have new A/Cs all w/transferrable warranties. 5 of the 6 duplexes have new water heaters. Both single-family homes have new water heaters. Both single-family homes have new roofs w/transferable warranty.
More Information MLS# 6742547
Contract Info
Ownership: Fee Simple
Current Price: $1,999,000
List Price: $1,999,000
Status: Active
List Date: 2024-08-11
Location, Tax & Legal
Assessor's Map #: 9
Assessor's Parcel #: 60
Assessor Parcel Ltr: E
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 3062.7
Legal: LA ZONA ACRES MCR 20/48 E 140.37F OF LOTS 36 & 37 EX E 65F OF S 110F LOT 37
Marketing Name: Dana Multi-fam
House Number: 1402
Compass: E
Street Name: Dana
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
County Code: Maricopa
Subdivision: LA ZONA ACRES LOTS 1 THRU 14 26 THRU 29 32 THRU 37 TRACTS A & B
Assessor Number: 138-09-060-E
Tax Year: 2023
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 31822
Total # of Units: 8
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Mesa Academy For Advanced Studies
Jr. High School: Mesa Junior High School
High School: Mesa High School
Year Built: 1966
Zoning: RM-2
Project Type
Duplex: 1
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 3133
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: 6761
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 12956.7
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 105500
Total Monthly Rental Income: 8875
Pmt & Rate Info
Cap Rate: 4.32
Equity: 2190000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Carport: 1
Free: 1
On Street: 1
<1 Space Per Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
City Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1200
Avg SqFt: 650
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 1300
# Baths: 175
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Main St & Stapley
Directions: Head south on Stapley and East on Dana. Property located on the left.
Geo Lat: 33.412923
Geo Lon: -111.801136
Legal Info
Lot Number: 138-09-060E
Income Expenses
Gross Annual Sch Inc: 105500
Net Operating Income: 94506
Property Features
Project Type: Duplex; 5 - 12 Units
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Heating: Ceiling; Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: City Gas; Individual Meter
Parking Features: Garage; Carport; On Street; <1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office:
HomeSmart
Last Updated: August - 08 - 2025
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