Properties
Phoenix, AZ 85029 1540 W MERCER Lane # 1-4
$920,000
28 more
Presented By: ProSmart Realty; 480-540-2213
Home Details
Great investment potential. 3 units have had long term tenents, one since 2017. 3% Vacancy rate over time mostly due to a complete rennovation of unit 4 in September 2025. All new wood plank tile, new bath tub surrounds, new bath room vanities, all new light fixtures and bathroom accessories. Completely renovated kitchen with updated shaker cabinets, counter top, kitchen sink and faucet. All units have in unit full size washer and dryer. The ground units have small back yard.
Presented By: ProSmart Realty; 480-540-2213
Interior Features for 1540 W MERCER Lane # 1-4
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Carpet
Heating Y/NYes
General for 1540 W MERCER Lane # 1-4
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.27
Carport Y/NNo
CityPhoenix
Community FeaturesPool
Construction MaterialsWood Frame, Stucco
CoolingCentral Air
CountyMaricopa
DirectionsHeading north on 19th Ave just north of Peoria take a right on Sahuaro Dr, take a left of N 15th lane to enter into the complex, unit on the North West corner of Mercer and 15th.
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Elementary School DistrictWashington Elementary School District
Garage Y/NNo
Gross Income53116.73
HeatingForced Air
High School DistrictGlendale Union High School District
Insurance Expense2701.17
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income39253.49
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Operating Expense14325.97
OwnerPaysTrash Collection, Water
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofOther
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMUY FELICES CASAS LT 1-20 TR A-G
Tax Annual Amount1885.0
Tax Lot8
Tax Year2025
Township3N
Unit Number1-4
Year Built1984
Zoning4-plex
Exterior for 1540 W MERCER Lane # 1-4
Covered Spaces4.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions0.119
Number of Buildings1
Parking FeaturesDetached Carport, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceSubmetered System, Master Meter
Additional Details
Price History
