4035 W MESQUITE Lane, Phoenix, AZ 85019, Phoenix, 85019 - 3 bed, 1 bath
Loading property details...
Phoenix, AZ 85019
This Income-Generating Townhouse Asset represents a Strong Value Opportunity, listed at $185,000 which reflects a stable and fair $185,000 Fair Market Value. The property delivers immediate, predictable cash flow with a tenant in place at $1,295 monthly through January 2027 and maintains a functional Condition Rating of 4. Strategically located near Grand Canyon University, the 3-bedroom residence features a private patio with pleasant greenbelt views, ensuring long-term rental desirability. This low-barrier entry into the Phoenix market is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4035 W MESQUITE Lane Subject | $179,900* List Price | 3 | 1 | 1,005 | $170 | - |
A 4107 W WONDERVIEW Road Sold | $212,000 | 3 | 1 | 1,005 | $211 | 0.1 mi |
B 4107 W WONDERVIEW Road Sold | $212,000 | 3 | 1 | 1,005 | $211 | 0.1 mi |
C 3957 W READE Avenue Sold | $160,000 List Price | 3 | 1 | 1,005 | 0.1 mi | |
D 3944 W CAMELBACK Road Sold | $198,500 List Price | 2 | 1 | 924 | 0.1 mi | |
E 4615 N 39TH Avenue 6 Sold | $174,000 | 2 | 2 | 1,020 | $171 | 0.5 mi |
F 4615 N 39TH Avenue 6 Sold | $174,000 | 2 | 2 | 1,026 | $170 | 0.5 mi |
G 3936 W CAMELBACK Road Active | $174,000 List Price | 2 | 1 | 1,005 | $173 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property is over 50 years old and shows signs of its age despite being functional and tenant-occupied. Interior images reveal dated popcorn ceilings and older fixtures, while the exterior wood pergola appears weathered. While the home is maintained through regular upkeep, it lacks the modern renovations required for a higher rating and fits the criteria for a property built over 20 years ago with only occasional updates.
The property features a long-term tenant in place until January 2027 at $1,295 monthly, providing guaranteed passive income and stability for an investor.
Proximity to Grand Canyon University, major freeways, and shopping centers ensures high rental demand and long-term desirability in the Phoenix market.
At $185,000 for a 3-bedroom residence, this townhouse offers a low-cost entry point into real estate ownership with significant potential for ROI.
A three-bedroom layout served by only one bathroom can be a significant drawback for families or roommates, potentially limiting future rent growth.
Built in 1972, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer construction.
GREAT INVESTMENT OPPORTUNITY!!! Acquire this 3BD townhome near Grand Canyon University with easy access to shopping, restaurants and Freeways. The home has a tenant in place at $1295 monthly (Lease ends Jan 31st 2027) This 3BD 1BA townhome is perfect for the savvy investor looking for an easy rental. Home features all bedrooms upstairs with a full bathroom. Downstairs you have your living area, kitchen and dining area. Kitchen has a nice pantry. Outdoor patio area with storage closet. Home is situated next to open grass area. Just sit back and earn your passive income on this one!!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,005 | 1,005 | 50% |
| Lot Size | 1,545 | 1,790 | 38% |
| Price | $179.9K | $174.0K | 54% |
| Price per sq ft | $179 | $171 | 54% |
| Built year | 1972 | 1972 | 50% |
| HOA | $144 | $146 | 46% |
| Days on market | 95 | 1261 | 8% |
Apr 10, 2026
$179,900
$185,000
-3% Price Drop
Initial Listing
Jan 21, 2026
$185,000
Initial Listing