5425 E AKRON Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 2 bath
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Mesa, AZ 85205
This Leased Investment Property is listed at $299,900, positioned relative to a $251,084 Fair Market Value. The asset offers immediate stability with a Mandatory Lease in place through December 2027, generating $1,500 monthly. Featuring a Condition Rating of 4, the home was upgraded with a New 2023 Roof and includes a versatile flex room and RV parking. Located in Dreamland Villa near the 9/10 rated Franklin Elementary and Red Mountain High, this is a secure acquisition for Buy-and-Hold Investors or Long-Term Portfolio Builders seeking predictable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5425 E AKRON Street Subject | $299,900* List Price | 2 | 2 | 1,340 | $187 | - |
A 604 N RECKER Road Sold | $259,000 List Price | 2 | 2 | 1,376 | 0.9 mi | |
B 5416 E COLBY Street Sold | $299,000 List Price | 2 | 2 | 1,188 | 0.6 mi | |
C 6020 E BILLINGS Street Sold | $215,000 | 2 | 2 | 1,265 | $170 | 0.8 mi |
D 5313 E Dallas Street Sold | $260,000 List Price | 3 | 2 | 1,519 | 0.7 mi | |
E 5251 E ADOBE Road Sold | $290,000 | 2 | 2 | 1,422 | $204 | 0.9 mi |
F 5437 E BUTTE Street Active | $300,000 List Price | 2 | 2 | 1,273 | $236 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and functional, but the interior finishes are dated. While the roof was replaced in 2023, the kitchen and bathrooms feature older cabinetry, tile work, and appliances consistent with renovations or styles from 15-30 years ago. It meets the 'fair' criteria as an aged home maintained through regular upkeep with functional but outdated major components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9001, living area = 1340.
Elementary School: Franklin Elementary School (9/10).
The property features a brand-new roof installed in 2023, significantly reducing near-term maintenance concerns and enhancing the home's structural value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1340, other record living area = 1088.
A mandatory lease is in place through December 2027, making this property unsuitable for owner-occupants and limiting the buyer pool strictly to long-term investors.
The rental income is locked at $1,500 per month for several years, which may result in below-market yields if area rents or inflation increase before the lease expires.
*Lease in place through December 2027 at $1500 a month. Lease must remain in place after the sale* Great property that has 2 bedrooms, 2 bathrooms, and an additional flex room that can work great for another Family room, bedroom, office, craft room, you name it. Roof was new in 2023. Extra storage with a 1 car garage and a separate shed in back. Low maintenance landscape and voluntary HOA dues. Room to park an RV. The optional annual fees ($270 a year) is to have access to the community amenities. The amenities include clubs, activities, pickleball, community pools, spas. Great location with easy access to shopping, restaurants and medical.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.9 mi
Grades PK-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,340 | 1,542 | 32% |
| Lot Size | 9,001 | 7,639 | 74% |
| Price | $299.9K | $310.0K | 48% |
| Price per sq ft | $224 | $216 | 52% |
| Built year | 1959 | 1983 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 2231 | 1% |
Feb 5, 2026
$299,900
Initial Listing