$3,600,000
Mesa, AZ 85201
MLS# 6878712
1 / 18
Property Description
Situated in the highly sought after Downtown Mesa, The Irving features spacious floor plans averaging 745sf with (8) 2-bed / 1-bath units and (12) 1-bed / 1-bath units. The apartments feature stainless steel appliances, updated flooring, new cabinetry, and in-unit washer and dryer. Residents are sure to enjoy a sparkling pool, central courtyard, covered parking, and pet-friendly policies. The Irving is walking distance to the light-rail and provides easy access to Mesa's business district and cultural attractions like the Mesa Arts Center. Downtown Mesa has undergone significant revitalization, becoming a vibrant hub for arts, dining, and entertainment with a variety of restaurants, breweries, unique shops, public art installations, and cultural events.
Details
Contract Info
Ownership: Fee Simple
Current Price: $3,600,000
List Price: $3,600,000
Status: Active
List Date: 2025-06-11
Location, Tax & Legal
Assessor's Map #: 33
Legal Description (Abbrev): MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW
Assessor's Parcel #: 14
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421400
Taxes: 5727
Legal: MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW
Marketing Name: The Irving
House Number: 31
Compass: W
Street Name: 2ND
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6642
County Code: Maricopa
Subdivision: MESA CITY ARIZONA
Assessor Number: 138-33-014-A
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 160ft x 165ft
Flood Zone: No
Total # of Units: 20
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1960
Zoning: DR-2
Legal Info
Range: 5E
Section: 22
Township: 1N
Lot Number: 6
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stone: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5727
Other Income: 34100
Vacancy Allowance: 0.05
Adjusted Gross Inc: 323095
Pmt & Rate Info
Cap Rate: 5.36
Equity: 3850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Other: 1
Heating
Electric: 1
Individual: 1
Heat Pump: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Wtr System: 1
Green Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Amenities
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
1 Space/Unit: 1
Assigned: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
Reports/Disclosures
None: 1
Other (See Remarks): 1
Environmental
None: 1
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 12
Avg Rent: 1195
Avg SqFt: 675
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1395
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.419041
Geo Lon: -111.832489
Income Expenses
Gross Annual Sch Inc: 306000
Net Operating Income: 206541
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Composition
Floors: Concrete; Vinyl; Other
Sale Includes: Land & Building
Community Features: Pool; Other
Exterior Amenities: Landscape Wtr System; Green Landscaping; Partially Fenced; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Amenities: Other (See Remarks)
Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Carport; On Street; 1 Space/Unit; Assigned
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional
Environmental: None; Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: July - 29 - 2025
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