$1,399,999

416 N Roca Mesa, AZ 85213

The Groves Neighborhood

Estimated payment $8,112/month

Total Views 103
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

Discover a remarkable multiplex with immediate returns on a huge 16,771 sf lot. This well-maintained property features seven units: six 2-bed, 1-bath (900 sq. ft.) and one 2-bed, 1.5-bath (950 sq. ft.), all generating reliable rental income. Each unit is individually metered for electricity, simplifying utility management. With 14 parking spaces, residents enjoy ample parking. Each unit has washer/dryer hookups for added tenant comfort. Located in vibrant Mesa, the property provides easy access to shopping, dining, entertainment, and top-rated schools and parks. Mesa's thriving economy ensures high rental demand and low vacancy rates, with convenient access to highways and public transport for easy commuting to Phoenix.

Listing Agent

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000

Better Homes & Gardens Real Estate SJ Fowler

Co-Listing Agent

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,753

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 14 Parking Spaces
  • 7 Covered Spaces

Schools

  • Highland Arts Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 140-11-372

Community Details

Overview

  • 7 Units
  • Building Dimensions are Irregular
  • University Villa East Subdivision

Building Details

  • Operating Expense $25,418
  • Gross Income $95,190
  • Net Operating Income $69,766

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,753

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Lindsay Rd & University Dr
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Rental Resident
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Directions: East on University to North Roca Street, North to Property.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4764.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Refrigerator, Built-In Electric Oven, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Built-In Electric Oven: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 14.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 5124.0

Schools

  • Elementary School: Highland Arts Elementary
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: No
  • Parcel #: 140-11-372

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 95190.0
  • Insurance Expense: 2779.0
  • Maintenance Expense: 8998.0
  • Property Net Operating Income: 69766.0
  • Annual Operating Expense: 25418.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3753.0
  • Tax Book Number: 140.00
  • Tax Lot: 11

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 For Sale $1,399,999 +122.2% --
11/16/2018 11/16/18 Sold $630,000 -5.2% $700 / Sq Ft
11/01/2018 11/01/18 Price Changed $664,900 0.0% $739 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
05/05/2018 05/05/18 Price Changed $664,900 -1.5% $739 / Sq Ft
03/30/2018 03/30/18 For Sale $674,900 +77.6% $750 / Sq Ft
10/31/2014 10/31/14 Sold $380,000 -8.4% $422 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $415,000 -- $461 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6855667

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Mesa 85213 The Groves

416 N Roca, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 416 N Roca, Mesa, AZ 85213 and is currently priced at $1,399,999. This property was built in 1986. 416 N Roca is a home located in Maricopa County with nearby schools including Highland Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Laura Good
Listing Agent
Laura Good
Section Image
Better Homes & Gardens Real Estate SJ Fowler
(602) 497-2790