700 S STAPLEY Drive, Mesa, AZ 85204

$800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $800,000 List Date: 1/24/2025 Last Modified: 8/15/2025

Overview

Description

Positioned with great access to the US-60 freeway, this fully-occupied, cash-flowing fourplex was thoroughly remodeled in 2022! The property's renovation and subsequent updates have included unit interiors, multiple HVAC units, and exterior paint to properly position these units for long-term success. Enjoy existing professional management and tenants already in place at solid rental rates. Property is occupied; please do not disturb the tenants.

Listing Details MLS# 6809085

Location, Tax & Legal

House Number
700
Compass
S
Street Name
STAPLEY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Country
US
County Code
Maricopa
Subdivision
EVELYN TRACT
Assessor Number
139-20-120
Tax Year
2024
Assessor's Map #
20
Legal Description (Abbrev)
LOT 1 EVELYN TRACT MCR 014818
Assessor's Parcel #
120
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
1073.56
Legal
EVELYN TRACT MCR 148-18 LOT 1 & ALSO 4F ALLEY LY WLY & ADJ TO SD LOT AS ABAND P/D 16009-842
Marketing Name
EVELYN TRACT

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
-
Year Built
1973
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
2
Zoning
RM-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Holmes Elementary School
Jr. High School
Kino Junior High School
High School
Mesa High School

Remarks Misc

Cross Street
Stapley & 8th Ave
Directions
Traveling north on Stapley Drive through the light at Southern, continue for approximately 0.6 miles. The property will be on your left (the west side of the street).

Status Change Info

Off Market Date
2025-02-23
Under Contract Date
2025-02-23
Close of Escrow Date
2025-03-31

Legal Info

Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
63720

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1327.5
Avg SqFt
736
# Baths
Yes

Sold Info

Loan Type
Other
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession to Buyer
3
Seller Concession $/%
%
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Other
Yes

Floors

Ceramic Tile
Yes
Other
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1073.56
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
63720

Pmt & Rate Info

Equity
830000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Curb(s) & Gutter(s)
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Drapes
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City 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
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
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: Block Const - Finish: Painted; Stucco Roofing: Other Floors: Ceramic Tile; Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Drapes Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Heat Pump; 2 or More Units Cooling: Ceiling Fan(s); Electric; 2 or More Units Water Source: City 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; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: August - 15 - 2025
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