414 E LINDA Lane D, Gilbert, AZ 85234, Gilbert, 85234 - 2 bed, 2 bath
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Gilbert, AZ 85234
This property presents a High-Potential Investment Opportunity with a List Price of $264,900—positioned well below the $238,172 Fair Market Value by -11%. While the unit maintains a Condition Rating of 4, the dated interior finishes provide a clear path for value-add renovations. Located near downtown Gilbert, this asset offers strong rental demand and a functional layout. This is an ideal acquisition for Buy-and-Hold Investors seeking a high-yield rental or first-time buyers looking to enter a competitive market with a manageable entry point.
Property is moderate renovation needed.
Built in 1983, this property is over 40 years old. While the interior appears clean and functional, the kitchen and bathrooms are dated with older cabinetry and laminate countertops. The laundry area shows unfinished surfaces, and the overall finishes suggest the unit has not had a major renovation in over 20 years, fitting the criteria for needing minor updates.
Situated near downtown Gilbert, the property offers easy access to vibrant dining, shopping, and entertainment, making it highly attractive for residents and tenants alike.
With a competitive price point under $270k and a turnkey status, this unit serves as an excellent entry-level home or a high-yield rental opportunity in a high-demand market.
As an upper-level unit, it provides enhanced privacy with no neighbors living above, featuring a functional great room layout that efficiently utilizes the square footage.
At 891 square feet, the interior living space is relatively small for a two-bedroom unit, which may limit appeal for buyers requiring significant storage or larger furniture.
The property includes only one assigned carport space, which could be a drawback for multi-vehicle households or those who frequently host guests.
Charming 2-bedroom, 2-bathroom condo in desirable Meadowbrook Village! This inviting 891 sq ft upper-level unit offers comfortable living in the heart of Gilbert. The layout offers a great room, and functional kitchen. Enjoy one assigned carport parking space and low-maintenance living with community amenities nearby. Perfect for first-time buyers, investors, or those seeking a convenient location close to downtown Gilbert's vibrant restaurants, shops, parks, and entertainment. Bike-friendly neighborhood with easy freeway access and excellent schools. Great value for a primary residence or turnkey rental opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 891 | - |
| Lot Size | 787 | - |
| Price | $264.9K | $372.4K |
| Price per sq ft | $297 | $268 |
| Built year | 1983 | 0 |
| HOA | $250 | $0 |
| Days on market | 12 | 2991 |
Jul 11, 2026
$264,900
Initial Listing