$240,000
448 W DANA Avenue
Mesa, AZ 85210
MLS# 5707977
Status: Closed



448 W DANA Avenue, Mesa, AZ 85210
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448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210 448 W DANA Avenue, Mesa, AZ 85210

Property Description
SELLER WILL CARRY, NO BALLOON PAYMENT NO PREPAY PENALTY SEE TERMS LOW RATE CASH COW JUST PUT 30% DOWN: INDIVIDUAL METERED 5 TOTAL UNITS 1 SFD and 4 units in front!LONG TERM TENANTS ON MONTH TO MONTH LEASES.The detached unit is a 2 BR 1 BA with large living room, kitchen, BASEMENT and yard. Washer and dryer room is attached to the building coin operated machines for the other 4 units would be more $ and +++. All 5 Units always occupied low vacancies, New roofs installed in 2015, new plumbing updates done under ground in 2018. All units recently converted to electric with seperate meters so tenants pay their own electric! Unit D completely renovated with new flooring, kitchen and bath. Historic downtown Mesa within walking distance: bus stops, light rail, grocery stores a

Details
Maps
Contract Info
Current Price: $240,000
Sold Price: $240,000
Status: Closed
List Date: 2018-01-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R38
House Number: 448
Compass: W
Street Name: DANA
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1343
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PT LOT 7 BLK 3 DAF W 50F OF E 200F OF S 132.5F AKA PT MCR 023-18 BLK 73
Subdivision: VINEYARD PLACE AMD
Assessor's Map #: 1
Assessor's Parcel #: 62
Add'l Parcels: No
Assessor Number: 134-01-062
Legal: PT LOT 7 BLK 3 DAF W 50F OF E 200F OF S 132.5F AKA PT MCR 023-18 BLK 73
Census Tract: 421302
Tax Municipality: Mesa
Tax District: 041000
Taxes: 417
Tax Year: 2017
Marketing Name: Mesa Rentals LLC
General Property Description
Lot Size Dimensions: 50x133
Year Built: 1915
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 2
Zoning: M-H
Elementary School: Guerrero Elementary School
Jr. High School: Rhodes Junior High School
High School: Dobson High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Main St and Country Club
Directions: South on Country Club to Dana, West to property on the right.
Geo Lat: 33.412657
Geo Lon: -111.841666
Status Change Info
Status Change Date: 2018-06-26
Off Market Date: 2018-06-26
Under Contract Date: 2018-05-14
Close of Escrow Date: 2018-06-25
Sold Price: $240,000
Legal Info
Lot Number: 7
Income & Expenses
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 3000
Owner Association: No
Operating Exp: 4417
Totl Mnth Rntal Inc: 2180
Net Operating Income: 21743
Pmt & Rate Info
Cap Rate: 8.87
Equity: 245000
Efficiency Units
# Efficiency Units: 2
Avg Rent: 450
Avg SqFt: 300
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 480
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 550
Avg SqFt: 650
# Baths: 1
Contact Info
List Agent Home Phn: 480-206-3631
Sold Info
Loan Type: Carryback
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Metal
Floors: Ceramic Tile; Other
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Electric; Window/Wall Unit
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking: Street Parking; 1 Space/Unit
Roads/Streets: Asphalt; Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
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: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Supplements
SELLER CARRY: 30% down 6% interest rate, no prepayment penalty, 30 year amortized loan. THIS WILL CASH FLOW.

Listing Office: RE/MAX Solutions

Last Updated: July - 25 - 2018

448 W DANA Avenue, Mesa, AZ 85210 - MLS# 5707977
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