6035 E COVINA Road, Mesa, AZ 85205

$510,000
Property Type: Multiple Dwellings Status: Active
Current Price: $510,000 Last Modified: 7/27/2026

Overview

Description

Investor opportunity in the desirable 55+ community of Dreamland Villas! This fourplex offers four 1-bedroom, 1-bathroom units, each featuring a private covered back patio and an assigned covered carport parking space. Two units are currently tenant occupied, providing immediate rental income, while two vacant units offer the flexibility to renovate and lease at current market rates or place your own tenants. The property has been occupied by long-term tenants and presents an excellent value-add opportunity for investors looking to make cosmetic updates and increase rental potential. Located in a well-established community with an optional HOA that provides access to amenities including a pool, pickleball, shuffleboard, and a variety of social activities.

Listing Details MLS# 7058308

Location, Tax & Legal

House Number
6035
Compass
E
Street Name
COVINA
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85205
Zip4
7512
Country
US
County Code
Maricopa
Subdivision
DREAMLAND VILLA 11
Assessor Number
141-63-057-A
Tax Year
2025
Assessor's Map #
63
Legal Description (Abbrev)
LOT 1298 DREAMLAND VILLA 11 MCR 012345
Assessor's Parcel #
57
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
420202
Taxes
1327
Legal
LOT 1298 DREAMLAND VILLA 11 MCR 012345
Marketing Name
DREAMLAND VILLAS

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Unknown
Year Built
1970
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
N RECKER & E UNIVERSITY
Directions
202 then head West on University, then North on Recker, and East on Covina. Property is 4th on the right.

Legal Info

Township
1N
Range
6E
Section
13
Lot Number
1298

Showing Notification Methods

Showing Service
Aligned Showings

More Information

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
650
# Baths
4

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
Yes
Annual Ownr Asoc Fee
270
Operating Exp
1597
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
510000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

Pool
Yes
Exercise Room
Yes
Shuffle Brd/Lawn Bwl
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

None
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Septic Tank
Yes
Septic-In & Connected
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes
Attached Carport
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes

Special

Age Restricted
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Exercise Room; Shuffle Brd/Lawn Bwl Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Cooling: Central Air Water Source: City Franchise Sewer: Septic Tank; Septic-In & Connected Electric: SRP Gas: None Parking Features: Carport; 1 Space/Unit; Attached Carport Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: None Source of Fincl Data: Owner Special: Age Restricted Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: July - 27 - 2026
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