Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28
Sold for $845,000 on 04/15/25
$845,000
5950 E Norland St, Mesa, AZ 85215
8beds
2baths
3,232sqft
Multi Family
Built in 1985
-- sqft lot
$833,500 Zestimate®
$261/sqft
$1,763 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 01:12am
Listed by:
Robert Harris 602-373-2034,
Realty ONE Group
Bought with:
Fredy Pimentel, SA711182000
Top Rock Realty
Source: ARMLS,MLS#: 6837107

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
Heating
- Other
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Flooring: Carpet, Ceramic Tile, Wood
Interior area
- Total structure area: 3,232
- Total interior livable area: 3,232 sqft
Property
Parking
- Total spaces: 8
- Parking features: Free, Carport
- Has carport: Yes
- Covered spaces: 4
- Uncovered spaces: 4
Details
- Parcel number: 14180388
- Zoning: RM-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted
- Roof: Composition
Condition
- Year built: 1985
Utilities & green energy
- Electric: SRP, Individual Meter
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Mesa
- Subdivision: LOMA VISTA
Other
Other facts
- Listing terms: Conventional,1031 Exchange
- Ownership: Fee Simple
- Road surface type: Asphalt, Concrete
Services availability
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Estimated market value
$833,500