645 W RIO SALADO Parkway D, Mesa, AZ 85201

$452,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $452,000 Last Modified: 6/16/2026

Overview

Description

Amazing investment opportunity! Tenant occupied Fourplex with four 2 bedroom, 2 bathroom units! Located in Mesa, this property is nearby schools, parks and restaurants!

Listing Details MLS# 6122122

Location, Tax & Legal

Map Code/Grid
Q38
House Number
645
Compass
W
Street Name
RIO SALADO
St Suffix
Parkway
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
4056
Country
US
County Code
Maricopa
Subdivision
BUTTERFIELD PARK 4
Assessor Number
135-23-056
Tax Year
2019
Unit #
D
Building Number
D
Assessor's Map #
23
Legal Description (Abbrev)
LOT 4 BUTTERFIELD PARK 4 MCR 022136
Assessor's Parcel #
56
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
1246
Legal
LOT 4 BUTTERFIELD PARK 4 MCR 022136
Marketing Name
Unknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
5306
Year Built
1981
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
Yes
Zoning
MULTI
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Emerson Elementary School
Jr. High School
Carson Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
Rio Salado Pkwy & Country Club Dr
Directions
From N Country Club Dr, turn West on Rio Salado Pkwy to property located on South side of the street. Bld D is located on the Left side of the complex.

Status Change Info

Off Market Date
2020-10-30
Under Contract Date
2020-09-14
Close of Escrow Date
2020-10-30

Legal Info

Township
1N
Range
5E
Section
16
Lot Number
4

More Information

Income Expenses

Net Operating Income
33391

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
850
Avg SqFt
775
# Baths
2

Contact Info

List Agent Home Phn
602-491-9494
List Agent Hme Phn 2
602-491-9494
List Agent Cell Phn2
602-491-9494

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
$
Seller Concession to Buyer
5000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Tile
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1100
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
Yes
Annual Ownr Asoc Fee
5040
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
7386
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
7.49
Down Payment
0
Equity
445900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Play Area
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

Community Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

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

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
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

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Tile Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool; Play Area Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer Cooling: Electric Water Source: Community Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: June - 16 - 2026
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