1402 E Dana Ave
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1402 E Dana Ave
8 Unit Apartment Building $2,190,000 ($273,750/Unit) Mesa, AZ 85204
Investment Highlights
- Single-story block construction
- Many recent upgrades including new Roofs, A/Cs w/transferrable warranties
- Minutes from Downtown Mesa . Downtown area includes higher education institutions such as Benedictine University, Mesa Community College, and ASU @ Me
- Individually metered Electricity & Gas
- Walking distance from new light rail which connects Mesa with Tempe and Phoenix
Executive Summary
Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the two houses are 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made throughout the property in recent years: 5 of the 6 duplex units have new A/Cs, both of the single family homes have new A/Cs all w/transferrable warranties. Five of the six duplexes have new water heaters. Both single-family homes have new water heaters. Both single-family homes have new roofs w/ transferrable warranties. Drive by only, do not disturb tenants. No showings without accepted offer. Buyer to verify all facts and figures. Agent is related to Seller.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$157,200
|
$15.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,200
|
$15.96
|
| Taxes |
$3,140
|
$0.32
|
| Operating Expenses |
$12,359
|
$1.25
|
| Total Expenses |
$15,499
|
$1.57
|
| Net Operating Income |
$141,701
|
$14.39
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $157,200 |
| Annual Per SF | $15.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $157,200 |
| Annual Per SF | $15.96 |
| Taxes | |
|---|---|
| Annual | $3,140 |
| Annual Per SF | $0.32 |
| Operating Expenses | |
|---|---|
| Annual | $12,359 |
| Annual Per SF | $1.25 |
| Total Expenses | |
|---|---|
| Annual | $15,499 |
| Annual Per SF | $1.57 |
| Net Operating Income | |
|---|---|
| Annual | $141,701 |
| Annual Per SF | $14.39 |
Property Facts
| Price | $2,190,000 | Building Class | C |
| Price Per Unit | $273,750 | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 9,848 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1966/2020 |
| Apartment Style | Garden | Parking Ratio | 1.02/1,000 SF |
| Price | $2,190,000 |
| Price Per Unit | $273,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 9,848 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2020 |
| Parking Ratio | 1.02/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,200 | 650 |
| 3+2 | 2 | $1,200 | 1,300 |
1 of 1
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $32,399 (2025) | |
| Land Assessment | $1,450 (2025) | Annual Taxes | $3,140 ($0.32/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,450 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$32,399 (2025)
Annual Taxes
$3,140 ($0.32/SF)
Tax Year
2023
zoning
| Zoning Code | RM-2 (Multiple Residence) |
| RM-2 (Multiple Residence) |
-
Gladys Contreras -
HomeSmart Northeast Mesa
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1402 E Dana Ave
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