50 N MAY Street, Mesa, AZ 85201

$690,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Active
Current Price: $690,000 Last Modified: 8/07/2026

Overview

Description

TURN-KEY INVESTOR SPECIAL IN THE HEART OF DOWNTOWN MESA!!! All 2 bd/1bth units. 3 units are currently occupied. All units have been remodeled. Sold 'as is.' Listing info to be verified by buyer. Walking distance from light rail, shopping, entertainment, freeway access.

Listing Details MLS# 7063725

Location, Tax & Legal

House Number
50
Compass
N
Street Name
MAY
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
6864
Country
US
County Code
Maricopa
Subdivision
LA MESITA
Assessor Number
135-45-032-C
Tax Year
2025
Assessor's Map #
45
Legal Description (Abbrev)
LA MESITA
Assessor's Parcel #
32
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
1401
Legal
LA MESITA MCR 32-44 LOTS 32 & 33 EX N 142.54F TH/OF & EX S 108F TH/OF
Marketing Name
La Mesita

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8,756 SF
Year Built
1986
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
R2
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Webster Elementary School
Jr. High School
Carson Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
Dobson Rd & Main St
Directions
From Dobson turn West on Main. North on May to property.

Legal Info

Township
1N
Range
5E
Section
19
Lot Number
32

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1050
Avg SqFt
800
# Baths
Yes

More Information

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
50400

Showing Notification Methods

Showing Service
No Showing Service Used

Project Type

Four Plex
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Laminate
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1000
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2400
Annual Mgmt Exp
2880
Annual Trash Exp
0
Annual Wtr/Swr Exp
7200
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Operating Exp
14881
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
47880
Total Monthly Rental Income
2195

Pmt & Rate Info

Down Payment
0
Equity
690000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes
None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Laminate Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: See Private Remarks; None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: None
IDX
Listing Office: AZ Pro Realty
Last Updated: August - 07 - 2026
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