2042 N CENTER Street, Mesa, AZ 85201, Mesa, 85201 - 5 bed, 3 bath
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Mesa, AZ 85201
Analysis of 2042 N CENTER Street, Mesa, AZ 85201 is currently available with a list price of $899,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is well-maintained but significantly dated, reflecting its 1971 construction. The main house features an original-style kitchen with older dark wood cabinetry, laminate countertops, and dated appliances. Interior finishes like wood paneling and older carpeting show the home's age. While the secondary manufactured home is recently renovated, the primary residence requires cosmetic and functional updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43516, living area = 2155.
The property features three separate living units, including a 5-bedroom main house, a renovated manufactured home, and a studio, providing immediate rental income or flexible multi-generational living options.
Equipped with a 900 sq ft workshop, a 600 sq ft shed, and 8 covered carport spaces, this site is perfectly suited for home-based businesses, heavy equipment storage, or hobbyists requiring significant workspace.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43516, other record lot size in square feet = 16030. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2155, other record living area = 400.
With the main structure dating back to 1971 and multiple buildings on-site, buyers should anticipate higher long-term maintenance costs and the need for potential modernization of older systems.
The inclusion of a manufactured home alongside a traditional residence on a single parcel can sometimes limit traditional lending options and may require buyers to seek specialized financing.
Unbelievable investment opportunity with scale, flexibility, and strong income potential! Three properties on two parcels totaling .999 acres with flood irrigation, mature citrus trees of multiple varieties, and exceptional usable space. The main house offers nearly 2,200 sq ft with 5 bedrooms, 2.5 baths, and a 3-car garage, plus value-add potential with an easy option to enclose the rear patio for additional livable square footage. The renovated 2 bed/2 bath manufactured home (updated within the last two years) currently rents for $1,200/month, and the separate studio is leased at $410/month. Property also includes a 900 sq ft workshop, 600 sq ft shed, approximately 7,200 sq ft of irrigated grass backyard, and 8 covered carport spaces with ample room to store equipment, vehicles, or run a home-based business. Tenants are willing to sign long-term leases or vacate upon sale, offering maximum flexibility for investors or owner-occupants looking to create a multi-generational compound or income-producing property on nearly an acre -- a rare find with irrigation and serious upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 3.0 | 2.0 | 81% |
| Square foot | 2,155 | 1,586 | 83% |
| Lot Size | 43,516 | 8,054 | 98% |
| Price | $899.0K | $240.0K | 98% |
| Price per sq ft | $417 | $191 | 97% |
| Built year | 1971 | 1965 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 2324 | 2% |
Feb 23, 2026
$899,000
Initial Listing