$435,000
Mesa, AZ 85203
MLS# 5712615
Status: Closed
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Property Description
Building next door just closed for $424k with lower rents and less upgrades - Back on mkt - Plug and Play - easy out-of-state owner/mgr investment opportunity. All rents are paid through the city sec 8 program (direct deposited into your account by the city each month). Rehabbed units/building with all new interior/exterior paint, and landscaping as well. Owner just pays the water/trash which averages $225/month. No HOA or landscape maintenance! The units are ''town house style'' meaning no tenants above or beneath. Units have washer/dryer hook-ups, private back yards, and 2nd level outdoor balconies from the master bedroom. Rents are $850, $878, $950 and $910! All units were recently inspected/audited by the city of Mesa and passed (prerequisite for tenants on the housing program).
Details
Maps
Contract Info
Current Price: $435,000
Sold Price: $435,000
Status: Closed
List Date: 2018-01-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R39
House Number: 1760
Compass: E
Street Name: PEPPER
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 9066
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 PARADISE ESTATES OF MESA LOT 1-18 TR A-C MCR 025101
Subdivision: PARADISE ESTATES OF MESA LOT 1-18 TR A-C
Assessor's Map #: 69
Assessor's Parcel #: 108
Add'l Parcels: No
Assessor Number: 138-69-108
Legal: LOT 2 PARADISE ESTATES OF MESA LOT 1-18 TR A-C MCR 025101
Census Tract: 421601
Tax Municipality: Maricopa - COUNTY
Taxes: 1700
Tax Year: 2016
Marketing Name: none
General Property Description
Lot Size Dimensions: IRR
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: MULTI
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Gilbert rd. & Main st.
Directions: west on Gilbert rd to Gutherie, north on Gutherie to Pepper,west to property
Geo Lat: 33.416961
Geo Lon: -111.793014
Status Change Info
Status Change Date: 2018-06-26
Off Market Date: 2018-04-19
Under Contract Date: 2018-04-16
Close of Escrow Date: 2018-06-15
Sold Price: $435,000
Legal Info
Township: 1N
Range: 5E
Section: 24
Lot Number: 2
Income & Expenses
Annual Ins Exp: 1000
Annual Maint Exp: 600
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 5700
Pmt & Rate Info
Equity: 435000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 940
# Baths: 1
Contact Info
List Agent Home Phn: 480-733-5569
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Distinguished Properties
Last Updated: June - 26 - 2018
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