551 S LESUEUR Street, Mesa, AZ 85204
$510,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$510,000
List Date:
2/11/2025
Last Modified:
2/13/2026
Description
DRIVE By Only. Fully rented 3-plex in Mesa! No HOA. All units are 2 bed/2 bath with private fenced back yards. Professionally managed by On Q Property Management.
More Information MLS# 6819026
Contract Info
Ownership: Fee Simple
Current Price: $510,000
Sold Price: $510,000
Status: Closed
List Date: 2025-02-11
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 42 HAWS SUBDIVISION 2 MCR 028631
Assessor's Parcel #: 189
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421902
Taxes: 970
Legal: LOT 42 HAWS SUBDIVISION 2 MCR 028631
Marketing Name: Haws Subdivision Two
House Number: 551
Compass: S
Street Name: LESUEUR
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2595
County Code: Maricopa
Subdivision: HAWS SUBDIVISION 2
Assessor Number: 139-24-189
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 8002
Flood Zone: No
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1987
Zoning: RM-2
Legal Info
Range: 5E
Section: 26
Township: 1N
Lot Number: 42
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2843
Annual Wtr/Swr Exp: 3408
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7221
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38700
Pmt & Rate Info
Cap Rate: 5.72
Equity: 550000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 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: 3
Avg Rent: 1075
Avg SqFt: 789
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: E Broadway Road and S Mesa Drive
Directions: East on Broadway, South on LeSueur, property on left
Geo Lat: 33.40453
Geo Lon: -111.820175
Status Change Info
Off Market Date: 2026-01-17
Under Contract Date: 2026-01-16
Close of Escrow Date: 2026-02-12
Sold Price: $510,000
Income Expenses
Gross Annual Sch Inc: 38700
Net Operating Income: 31479
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished
Appliances Included: Refrigerator; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office:
On Q Property Management
Last Updated: February - 13 - 2026
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