429 S GAYLORD --, Mesa, AZ 85204, Mesa, 85204 - 4 bed, 2 bath
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Mesa, AZ 85204
This Turnkey Income-Generating Asset is listed at $499,990, representing a stable entry point near its $492,023 Fair Market Value. Boasting a Condition Rating of 2, the property features a Modern Remodel with a Granite Kitchen, wood-look flooring, and synthetic turf for low-maintenance appeal. As a No HOA property near Top-Rated Schools like Franklin Elementary (9/10), it offers long-term asset stability and high rental demand. Currently tenant-occupied through April 2026, it provides a stable $2,549 Monthly Rental Income, ensuring immediate cash flow. This is an exceptional acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 429 S GAYLORD -- Subject | $499,990* List Price | 4 | 2 | 1,982 | $248 | - |
A 3164 E CARMEL Circle Sold | $538,900 | 4 | 2 | 1,754 | $307 | 0.9 mi |
B 1714 E DANA Avenue Sold | $420,000 | 4 | 2 | 1,600 | $263 | 1.0 mi |
C 628 S 26TH Street Sold | $380,000 | 3 | 2 | 1,651 | $230 | 0.3 mi |
D 1909 E 6TH Avenue E Active | $435,000 List Price | 4 | 2 | 2,149 | $202 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone an extensive and high-quality recent renovation within the last 5 years. The kitchen is fully modernized with granite countertops, a stylish backsplash, and stainless steel appliances. The bathrooms feature contemporary upgrades including hexagonal floor tiles, subway tile shower surrounds, and modern vanities. With new wood-look flooring throughout, updated light fixtures, and a well-maintained exterior featuring synthetic turf, the home meets current market standards with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8341, living area = 1982.
The home features a beautifully updated interior with granite countertops and a stylish kitchen, offering a move-in-ready aesthetic and modern appeal.
The absence of a Homeowners Association provides owners with greater freedom and eliminates monthly association fees, enhancing long-term affordability.
With a lease in place until early 2026, the property is not suitable for owner-occupants looking for a primary residence in the near term.
Built in 1985, the property may require more frequent maintenance of original structural or mechanical components compared to newer developments.
Welcome to this beautifully remodeled, single-story 4-bedroom, 2-bath home with no HOA! Offering nearly 2,000 square feet of well-designed living space, this home is ideal for family gatherings and entertaining. The modern kitchen features granite countertops and a stylish backsplash, creating a sleek and inviting centerpiece. The exterior offers low-maintenance landscaping, with synthetic turf in the front yard and a gravel-finished backyard--perfect for relaxation without ongoing upkeep. Investor Opportunity: The property is tenant-occupied until 04/30/2026, with dependable tenants paying $2,549 per month and a consistent on-time payment history. A well-maintained property with modern updates and immediate rental income, making it a strong long-term investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,982 | 1,614 | 77% |
| Lot Size | 8,341 | 7,325 | 77% |
| Price | $500.0K | $365.0K | 91% |
| Price per sq ft | $252 | $218 | 59% |
| Built year | 1985 | 1980 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 2246 | 1% |
Jan 15, 2026
$499,990
Initial Listing