536 N HALL --, Mesa, AZ 85203

Property Description

Turn-Key Investment opportunity in the heart of Mesa! This well-maintained 3-Plex sits in the established Ko Ko Palms neighborhood, built in 1971 and cash-flowing for decades, the kind of long-held, low-turnover asset that's hard to find on the market. Two of the three units carry long-term tenants who've called this property home for over a decade, and the third unit is now vacant, giving a new owner the rare chance to step in and set a fresh, market-rate lease from day one. All three units are 2 bedroom, 1 bath with separate meters for electricity, gas, and trash. Tenants cover their own utilities, keeping operating costs lean for ownership. Unit A (the largest of the three) is home to a 14-year tenant at $1,200/mo, with two covered parking spots side by side in the rear, a private front yard and a large storage unit with washer/dryer hookups. Unit B has been home to a 10-year tenant at $1,100/mo, with one covered parking spot in the rear and two storage units, one with washer/dryer hookups. Unit C is now vacant and move-in ready. Covered parking in the rear ,two storage units, one with washer/dryer hookups, positioned for a new owner to bring in a tenant at today's market rent and boost the property's overall return right out of the gate. Ownership responsibilities are refreshingly simple: landlord covers water only (approx. $150/mo) and a monthly landscaper ($100/mo). Everything else is on the tenants. With two proven, long-term income streams already in place and one unit primed for upside, this is a rare combination of stability and immediate value-add potential in a proven Mesa location. Don't miss it!

Listing Status:

Active

Date Added:

July 4, 2026

Data Last Updated:

July 4, 2026 at 11:07PM

Listing Office:

Limitless Real Estate : 480-902-4700

Listing Agent:

Nathan Cannon : 480-228-7686

MLS ID:

7050097

Interior

• Flooring: Tile
• A/C: Central Air
• Heating: Central

Exterior

• Parking: 1 Space/UnitOn StreetParking spaces: 4

Construction

• Roofing: Composition
• General: PaintedBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Mesa Unified District
• County: Maricopa

Lot

• Zoning: M-H13737067B

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2