31 W 2ND Street, Mesa, AZ 85201

$3,600,000
Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)
Current Price: $3,600,000 Last Modified: 10/16/2025

Description

Situated in the highly sought after Downtown Mesa, The Irving features spacious floor plans averaging 745sf with (8) 2-bed / 1-bath units and (12) 1-bed / 1-bath units. The apartments feature stainless steel appliances, updated flooring, new cabinetry, and in-unit washer and dryer. Residents are sure to enjoy a sparkling pool, central courtyard, covered parking, and pet-friendly policies. The Irving is walking distance to the light-rail and provides easy access to Mesa's business district and cultural attractions like the Mesa Arts Center. Downtown Mesa has undergone significant revitalization, becoming a vibrant hub for arts, dining, and entertainment with a variety of restaurants, breweries, unique shops, public art installations, and cultural events.

More Information MLS# 6878712

Contract Info

Ownership: Fee Simple Current Price: $3,600,000 List Price: $3,600,000 Status: UCB (Under Contract-Backups) List Date: 2025-06-11

Location, Tax & Legal

Assessor's Map #: 33 Legal Description (Abbrev): MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW Assessor's Parcel #: 14 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Mesa Census Tract: 421400 Taxes: 5727 Legal: MESA CITY LOT 6 BLK 3 BEG ON N LN 171F W OF NE COR TH W ALG N LN 160.40F TO NW COR TH S 165F TO SW Marketing Name: The Irving House Number: 31 Compass: W Street Name: 2ND St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 6642 County Code: Maricopa Subdivision: MESA CITY ARIZONA Assessor Number: 138-33-014-A Tax Year: 2024

General Property Description

# of Buildings: 3 Uncvrd Parking Spcs: 5 Lot Size Dimensions: 160ft x 165ft Flood Zone: No Total # of Units: 20 Elementary School District: Mesa Unified District High School District: Mesa Unified District Year Built: 1960 Zoning: DR-2

Legal Info

Range: 5E Section: 22 Township: 1N Lot Number: 6

Project Type

13 - 24 Units: 1

Construction

Block: 1

Const - Finish

Painted: 1 Stone: 1

Roofing

Composition: 1

Floors

Concrete: 1 Vinyl: 1 Other: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 5727 Other Income: 34100 Vacancy Allowance: 0.05 Adjusted Gross Inc: 323095

Pmt & Rate Info

Cap Rate: 5.36 Equity: 3850000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

Pool: 1 Other: 1

Heating

Heat Pump: 1 Electric: 1 Individual: 1

Cooling

Central Air: 1 Electric: 1 Individual: 1

Exterior Amenities

Landscape Water System: 1 Green Landscaping: 1 Partially Fenced: 1 Patio/Balcony: 1 Separate Storage: 1 Security Light(s): 1 Other (See Remarks): 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Built-In Electric Oven: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Carport: 1 On Street: 1 1 Space/Unit: 1 Assigned: 1

Electric

APS: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1 Pool Maintenance: 1

New Financing

Conventional: 1

Reports/Disclosures

None: 1 Other (See Remarks): 1

Environmental

None: 1 Other (See Remarks): 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 12 Avg Rent: 1195 Avg SqFt: 675 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 8 Avg Rent: 1395 Avg SqFt: 850 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Geo Lat: 33.419041 Geo Lon: -111.832489

Income Expenses

Gross Annual Sch Inc: 306000 Net Operating Income: 206541

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Stone Roofing: Composition Floors: Concrete; Vinyl; Other Sale Includes: Land & Building Community Features: Pool; Other Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Electric Oven; Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; On Street; 1 Space/Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional Environmental: None; Other (See Remarks)
Listing Office: ABI Multifamily
IDX
Last Updated: October - 16 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Search powered by FBS Products