230 S LEANDRO --, Mesa, AZ 85208, Mesa, 85208 - 2 bed, 3 bath
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Mesa, AZ 85208
This Turnkey Rental Asset is listed at $293,500, representing a stable investment positioned near its $283,504 Fair Market Value. Maintaining a Condition Rating of 3, the home features significant capital improvements including a 2025 A/C compressor, 2023 exterior paint, and dual master suites with walk-in closets. The property includes a private covered patio and access to a heated community pool. With a tenant secured through January 2027 and proximity to the 9/10 rated Franklin at Brimhall Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Long-Term Wealth Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 S LEANDRO -- Subject | $288,500* List Price | 2 | 3 | 1,222 | $231 | - |
A 338 S LEANDRO -- Sold | $350,000 | 3 | 3 | 1,581 | $221 | 0.1 mi |
B 323 S TRAVIS -- Active Under Contract | $320,000 List Price | 2 | 3 | 1,222 | $262 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (18 years old), the property fits the 10-20 year age bracket. It is exceptionally well-maintained with critical system and cosmetic updates including a new A/C compressor (2025), exterior paint (2023), and new carpet/appliances (2022). While the cabinetry and counters appear original to the build, the home is functional and move-in ready.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The unique floor plan features two primary suites with walk-in closets, offering maximum privacy and flexibility for roommates or multi-generational living.
Significant recent investments include a 2025 A/C compressor, 2023 exterior paint, and 2022 appliances and flooring, ensuring lower immediate maintenance costs for the buyer.
The property is tenant-occupied through January 2027, making it unsuitable for immediate owner-occupancy and limiting the buyer pool primarily to long-term investors.
With only 1,222 square feet and two bedrooms, the home's smaller footprint may limit its appeal to growing families or buyers requiring additional guest rooms.
Tenant occupied through January 2027. This well - cared - for home features an open kitchen - family room floor plan and two master suites, each with walk-in closets! One of the suites has double vanities. The upstairs landing includes a built-in desk and cabinetry, providing a great space for a home office or study area. Recent improvements include a 2025 A/C compressor, 2026 water heater, exterior paint completed in 2023, and carpet replaced in 2022 in a neutral beige tone. Refrigerator, microwave, washer and dryer were also replaced in 2022. All appliances convey! Step outside to a covered back patio and a private backyard setting--perfect for enjoying a quiet morning coffee or relaxing in the evening. Located in a quaint, well-maintained community with greenbelt, a playground, picnic area, and heated community pool. Conveniently close to shopping, dining, entertainment, and Spring Training, with easy access to the Loop 202 and US-60. All facts and figures to be verified by buyer or buyer's representative.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 5.9 mi
Grades K-6 • 9.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 1,222 | 1,627 | 12% |
| Lot Size | 2,400 | 7,584 | 4% |
| Price | $288.5K | $335.0K | 49% |
| Price per sq ft | $236 | $209 | 65% |
| Built year | 2008 | 1998 | 96% |
| HOA | $116 | $109 | 51% |
| Days on market | 97 | 2635 | 1% |
May 4, 2026
$288,500
$293,500
-2% Price Drop
Initial Listing
Mar 10, 2026
$293,500
Initial Listing