Properties
Mesa, AZ 85201 434 W IVYGLEN Street # 105
$710,000
23 more
Presented By: Orchard Brokerage;
Home Details
Fully occupied fourplex in a high‑demand Mesa rental corridor near Riverview, Tempe Marketplace, ASU, and the 101/202 interchange. All four units are 2 bed/1 bath with tile flooring, individual electric metering, in‑unit laundry hookups, and assigned parking with carports. The building has been well maintained with a new roof (2024), new exterior paint (2025), and multiple newer AC units and water heaters. Long‑term tenants and professional management support stable operations, with the property currently generating $4,490/month in scheduled rents and an owner‑reported annual gross income of $51,186. Rents remain below market for the area, creating a clear value‑add opportunity in a submarket where renovated 2‑bed units routinely achieve $1,500-$1,700+. + tenants pay electric. Strong rental demand and a central location make this a compelling investment. Buyer to verify all facts and figures..
Presented By: Orchard Brokerage;
Interior Features for 434 W IVYGLEN Street # 105
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Vinyl
Heating Y/NYes
General for 434 W IVYGLEN Street # 105
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.63
Carport Y/NNo
CityMesa
Community FeaturesNo Pool
Construction MaterialsSteel Frame, Painted
CoolingElectric, Individual
CountyMaricopa
DisclosuresOther (See Remarks)
ElectricSRP, Individual Meter
Electric Expense0.0
Elementary SchoolWhitman Elementary School
Elementary School DistrictMesa Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income51186.0
HeatingIndividual, Electric
High SchoolWestwood High School
High School DistrictMesa Unified District
Insurance Expense1227.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income47070.0
New ConstructionNo
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Operating Expense6810.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1501.0
Tax LotM/B
Tax Year2025
Township1N
Trash Expense2041.0
Unit Number105
Water Sewer Expense2041.0
Year Built1985
ZoningC-C
Exterior for 434 W IVYGLEN Street # 105
Covered Spaces4.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions7187
Number of Buildings1
Parking FeaturesAssigned, >1 Space Per Unit, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Westwood High School
Middle School
N/A
Elementary School
Whitman Elementary School
