
Mesa, AZ 85205
This townhome represents a Strong Value Opportunity, listed at $299,000—positioned above the $280,388 Fair Market Value by 6%. While priced slightly above market, the property offers immediate cash flow as a Buy-and-Hold Investor asset, currently occupied at $1,795 per month. Featuring a 2023 HVAC replacement and a Condition Rating of 4, the unit provides a stable, low-maintenance rental in the Alta Mesa corridor. With proximity to Red Mountain High School, this is an ideal acquisition for long-term investors seeking a performing, tenant-occupied unit in a proven rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5808 E BROWN Road 68 Subject | $299,000* List Price | 3 | 3 | 1,280 | $219 | - |
A 5808 E BROWN Road 105 Sold | $235,000 List Price | 3 | 3 | 1,291 | 0.1 mi | |
B 5505 E MCLELLAN Road 103 Sold | $229,900 List Price | 2 | 2 | 1,247 | 0.6 mi | |
C 5808 E BROWN Road 143 Active | $310,000 List Price | 3 | 3 | 1,291 | $240 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the property is 30 years old with mostly original interior finishes. While the HVAC system was excellently updated in 2023, the kitchen and bathrooms remain dated with 90s-era oak cabinetry and laminate countertops, fitting the criteria for a property needing cosmetic updates.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property is currently tenant-occupied at $1,795 per month, offering immediate cash flow and eliminating the costs associated with vacancy and initial leasing.
The replacement of the AC unit in 2023 provides significant value and peace of mind, reducing the likelihood of major maintenance expenses in the near future.
The very small lot size of 850 square feet limits private outdoor utility and may be a drawback for tenants or buyers seeking more yard space.
As a 1994 build with no mention of interior cosmetic updates, the property may require future capital for modernizing kitchens and bathrooms to maintain competitive market rents.
East Mesa's Alta Mesa corridor has quietly become one of the more dependable rental markets in the Valley. Established infrastructure, strong school proximity, easy freeway access via the 202, and consistent tenant demand make this pocket of 85205 a reliable hold for investors who know where to look. This three bedroom, two and a half bathroom townhome is currently occupied with a paying tenant at $1,795 per month, meaning the income starts on day one. No lease up period, no vacancy to absorb, and the AC unit was replaced in 2023. The two story layout with an enclosed private patio, all appliances included, and a convenient half bath on the main level makes it the kind of unit that attracts and retains quality long term tenants. Three bedrooms with two and a half bathrooms at this price point is a combination that rents well and stays rented. The Alta Mesa area draws tenants who want proximity to Red Mountain High School, walkable conveniences, and a neighborhood that feels stable and lived in rather than transient. That profile tends to produce lower turnover, which is exactly what you want in a buy and hold asset. Entry is accessible. The rent is already in place. And east Mesa is not going anywhere. For an investor looking to add a performing, low maintenance unit in a proven rental corridor without having to piece it together yourself, this is the kind of opportunity worth moving on.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 1.1 mi
Grades PK-6 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,280 | 1,291 | 43% |
| Lot Size | 850 | 1,344.5 | 14% |
| Price | $299.0K | $0 | 64% |
| Price per sq ft | $234 | $0 | 64% |
| Built year | 1994 | 1989 | 64% |
| HOA | $195 | $165 | 71% |
| Days on market | 6 | 2039 | 7% |
Jun 10, 2026
$299,000
Initial Listing