Condo Investment Properties for Sale in Mesa, AZ
356- 1 Bed
- 1 Bath
- 742 sft
69- 2 Bed
- 2 Bath
- 1080 sft
2- 1 Bed
- 1 Bath
- 773 sft
315- 2 Bed
- 2 Bath
- 1020 sft
Why Invest in Mesa, Arizona?
Mesa, AZ offers strong opportunities for condo investors seeking steady rental income in a growing Phoenix suburb. The local market shows balanced supply with homes lingering longer on market, supporting competitive entry points for condos. Renter-occupied units stand at 38%, driving demand amid job growth from major employers like Boeing. Annual appreciation hovers around 2.5%, paired with average rents near $1,700 for condos. Cap rates of 5.5% and rental yields up to 6.2% make it appealing for cash flow-focused portfolios.
Frequently Asked Questions
Yes, with renter occupancy at 38% and average rents around $1,700, condos offer solid yields of 6%+. Job growth from employers like Boeing sustains demand. Low vacancy rates under 6% support consistent cash flow.
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