Fully occupied fourplex in a high‑demand Mesa rental corridor near Riverview, Tempe Marketplace, ASU, and the 101/202 interchange. All four units are 2 bed/1 bath with tile flooring, individual electric metering, in‑unit laundry hookups, and assigned parking with carports. The building has been well maintained with a new roof (2024), new exterior paint (2025), and multiple newer AC units and water heaters. Long‑term tenants and professional management support stable operations, with the property currently generating $4,490/month in scheduled rents and an owner‑reported annual gross income of $51,186. Rents remain below market for the area, creating a clear value‑add opportunity in a submarket where renovated 2‑bed units routinely achieve $1,500-$1,700+. + tenants pay electric. Strong rental demand and a central location make this a compelling investment. Buyer to verify all facts and figures..
434 W Ivyglen Street (unit 105)
Assigned, >1 Space Per Unit, Carport
Built-In Range, Disposal, Dishwasher, Refrigerator
Orchard Brokerage.
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Listing information last updated on February 23rd, 2026 at 6:44pm MST.