413 E LINDA Lane D, Gilbert, AZ 85234, Gilbert, 85234 - 2 bed, 2 bath
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Gilbert, AZ 85234
This Turnkey Short-Term Rental Townhouse is a Prime Investment Opportunity, listed at $282,000—positioned well below the $295,541 Fair Market Value by 4%. This valuation gap offers $13,541 in Instant Equity for a property with a Modernized Condition Rating. Located steps from Downtown Gilbert, the unit features vaulted ceilings, a renovated kitchen, and rare HOA approval for short-term rentals. It balances immediate cash-flow potential with high-end lifestyle finishes and a screened-in balcony. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Property is new construction or fully renovated.
While originally built in 1983, the property has undergone an extensive recent renovation within the last 5 years, making it a turnkey asset. The interior features modern wide-plank flooring, updated recessed lighting, and a contemporary kitchen with new cabinetry and stainless steel appliances. Bathrooms have been fully modernized with stylish vanities, black hardware, and trendy hexagonal tile. The presence of vaulted ceilings combined with the fresh white paint and updated fixtures meets current market standards for high-quality finishes.
This turnkey property is fully furnished and located in one of the few Gilbert HOAs that permit short-term rentals, making it an immediate cash-flowing asset for investors.
Situated just steps away from downtown Gilbert’s vibrant dining, shopping, and entertainment district, the property offers high desirability for both guests and residents.
The unit features a bright great room with vaulted ceilings and a recently updated kitchen with modern cabinetry and stainless steel appliances, providing a contemporary feel.
With only 891 square feet of living area, the interior space is relatively small for a two-bedroom unit, which may feel restrictive for some occupants.
Originally built in 1983, the property may require more frequent maintenance or future capital improvements to its older structural and mechanical systems compared to newer developments.
Investors--this is the turnkey STR you've been waiting for. Fully furnished and cash-flowing, this townhouse sits in one of downtown Gilbert's few HOAs that allow short-term rentals. The bright great room features vaulted ceilings and natural light, flowing into an updated kitchen with modern cabinetry, stainless steel appliances, and a cozy screened-in balcony. The spacious primary suite includes a private bath, and the second bedroom is perfect for guests or a home office. All just steps from Gilbert's top dining, shopping, and entertainment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 891 | 1,173.5 | 13% |
| Lot Size | 791 | 2,450.5 | 25% |
| Price | $282.0K | $141.0K | 50% |
| Price per sq ft | $316 | $151 | 75% |
| Built year | 1983 | 1987 | 13% |
| HOA | $250 | $128 | 75% |
| Days on market | 35 | 1427 | 13% |
Mar 18, 2026
$282,000
Initial Listing