6035 E Covina Road, Mesa, AZ 85205

$510,000

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List Price
$510,000
Days on Market
3
Status
ACTIVE
MLS#
7058308
City
Mesa
Subdivision
Dreamland Villa 11
Year Built
1970

Property 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.

Additional Information

Community Features
Pool, Exercise Room, Shuffle Brd/Lawn Bwl
Construction
Block, Painted
Cooling
Central Air
Electric
SRP
Heating
Electric
New Financing
Conventional, Cash
Parking Features
1 Space/Unit, Carport, Attached Carport
Roofing
Composition
Sewer
Septic in & Cnctd
Pool
Yes
Subdivision
Dreamland Villa 11
Taxes
$1,327
Tax Year
2025
Tenant Pays
None
Units
4
Water
City Franchise
Zoning
R-3

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Arizona Properties.

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