740 S STAPLEY Drive, Mesa, AZ 85204

$445,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $445,000 Last Modified: 7/02/2026

Overview

Description

Exterior just painted! Rents: #1: $950, #2: $950, #3: $837, #4: $1012. Tenants pay electric. Gas/water/trash is ~$313/month (owner pays). Two completely remodeled units in the last 9 months. Newly Painted Exterior - Single story building. All 2 bed /1 ba. Nearby downtown Mesa, food, transportation and shopping options. Patios for each unit and covered parking, Individual storage units which can be used for additional revenue or tenant incentive. New (7 mo old) HVAC unit on 1 of the units. Easy financing with residential loan options. Plug and play for out of state investors. Seller is out of state and self manages but can provide property management options. 2 long term tenants who would like to stay. 2 other tenants with rents paid/guaranteed from the City of Mesa. Leases Attached

Listing Details MLS# 6065382

Location, Tax & Legal

Map Code/Grid
R39
House Number
740
Compass
S
Street Name
STAPLEY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
3409
Country
US
County Code
Maricopa
Subdivision
EVELYN TRACT
Assessor Number
139-20-125
Tax Year
2019
Assessor's Map #
20
Legal Description (Abbrev)
EVELYN TRACT MCR 148-18 LOT 6 & ALSO 4F ALLEY LY WLY & ADJ TO SD LOT AS ABAND P/D 16009-842
Assessor's Parcel #
125
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421902
Taxes
1126
Legal
EVELYN TRACT MCR 148-18 LOT 6 & ALSO 4F ALLEY LY WLY & ADJ TO SD LOT AS ABAND P/D 16009-842
Marketing Name
none

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
146X68
Year Built
1973
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
RES
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Other
Jr. High School
Other
High School
Other

Remarks Misc

Cross Street
STAPLEY AND SOUTHERN
Directions
NORTH ON STAPLEY TO 740 S STAPLEY ON THE WEST SIDE OF STAPLEY.

Status Change Info

Off Market Date
2020-07-10
Under Contract Date
2020-07-09
Close of Escrow Date
2020-08-18

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
6

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
975
Avg SqFt
736
# Baths
Yes

Sold Info

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

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Built-Up
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
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
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
1126
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
449000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Green Landscaping
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Patio/Balcony
Yes
Separate Storage
Yes
Security Light(s)
Yes

Interior Features

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

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
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/Unit
Yes
Other
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Other
Yes
See Remarks
Yes

New Financing

Other (See Remarks)
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: Block Const - Finish: Painted Roofing: Built-Up Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; 1 Space/Unit; Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Other; See Remarks Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call 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: Other (See Remarks) Environmental: None
IDX
Listing Office: Distinguished Properties
Last Updated: July - 02 - 2026
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