
Mesa, AZ 85204
This Turnkey Short-Term Rental Asset is a High-Potential Investment Opportunity, listed at $559,900—positioned well below the $568,489 Fair Market Value by 1.5%. This valuation gap offers $8,589 in Instant Equity. Boasting a Mint Condition Rating with a new 2026 HVAC and automated pool, this property generates over $80,000 in annual revenue. Its prime location near Downtown Gilbert and lack of HOA restrictions make it a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, income-producing residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1714 S ALMOND Subject | $559,900* List Price | 5 | 3 | 1,817 | $308 | - |
A 1359 S ALMOND Circle Sold | $465,885 | 3 | 2 | 1,688 | $276 | 0.4 mi |
B 2220 E JEROME Avenue Sold | $480,000 | 3 | 2 | 1,460 | $329 | 0.2 mi |
C 1827 E HAMPTON Avenue Sold | $489,000 List Price | 4 | 2 | 1,759 | 0.7 mi | |
D 2220 E JEROME Avenue Sold | $480,000 | 3 | 2 | 1,460 | $329 | 0.2 mi |
E 2259 E HARMONY Avenue Active | $550,000 List Price | 5 | 2 | 1,774 | $310 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1976, the property has undergone a comprehensive recent renovation (within <5 years) featuring modern finishes, wood-look tile flooring, and recessed lighting. Major systems are brand new, including HVAC (2026), pool heater (2025), and pool pump (2024), along with dual-pane windows, making it mint condition and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7990, living area = 1817.
The property is a successful turnkey short-term rental generating over $80,000 annually and comes fully furnished, making it an ideal high-yield investment.
Major recent upgrades including a new HVAC, pool heater, pool pump, and dual-pane windows significantly reduce immediate maintenance concerns and improve energy efficiency.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1817, other record living area = 1456.
Fitting 5 bedrooms into 1,817 square feet suggests that individual room sizes or common living areas may feel cramped or lack sufficient storage space.
While cosmetically renovated, the 1976 build date may mean underlying systems like plumbing or electrical are nearing the end of their functional lifespan if not previously updated.
Come check out this beautifully renovated 5-bedroom, 3-bathroom single-story home in the peaceful Mesa Tierra neighborhood with NO HOA! Currently operating as a successful short-term rental, generating over $80,000 in the past 12 months, this property is the perfect family home, vacation getaway, or turnkey investment opportunity that is fully furnished. Major updates include a new HVAC (2026), pool heater (2025), pool pump (2024), dual-pane windows, and a fully automated Pebble Tec pool. The spacious floor plan offers modern finishes throughout and is completely move-in ready. Ideally located just minutes from Downtown Gilbert, shopping, dining, entertainment, and easy access to the US-60. A rare opportunity combining lifestyle, location, and income potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,817 | - |
| Lot Size | 7,990 | - |
| Price | $559.9K | $476.2K |
| Price per sq ft | $308 | $271 |
| Built year | 1976 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 2611 |
Jun 12, 2026
$559,900
Initial Listing