$2,190,000
Mesa, AZ 85204
MLS# 6693173
1 / 30
Property Description
Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the 2 houses have 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made in recent years: 5 of the 6 duplex units have new A/Cs, both of the single family homes have new A/Cs all w/transferrable warranties. 5 of the 6 duplexes have new water heaters. Both single-family homes have new water heaters. Both single-family homes have new roofs w/transferable warranty.
Details
Maps
Contract Info
Current Price: $2,190,000
List Price: $2,190,000
Status: Active
List Date: 2024-04-17
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1402
Compass: E
Street Name: Dana
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Country: USA
County Code: Maricopa
Subdivision: LA ZONA ACRES LOTS 1 THRU 14 26 THRU 29 32 THRU 37 TRACTS A & B
Assessor's Map #: 9
Assessor's Parcel #: 60
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 138-09-060-E
Legal: LA ZONA ACRES MCR 20/48 E 140.37F OF LOTS 36 & 37 EX E 65F OF S 110F LOT 37
Tax Municipality: Mesa
Taxes: 3139.96
Tax Year: 2022
Marketing Name: Dana
General Property Description
Lot Size Dimensions: 31822
Year Built: 1966
Total # of Units: 8
# of Buildings: 5
Zoning: RM-2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Main St & Stapley
Geo Lat: 33.412923
Geo Lon: -111.801136
Status Change Info
Status Change Date: 2024-04-17
Legal Info
Lot Number: 138-09-060E
Income & Expenses
Annual Ins Exp: 3133
Annual Wtr/Swr Exp: 6085.54
Owner Association: No
Operating Exp: 12358.5
Gross Annual Sch Inc: 89100
Adjusted Gross Inc: 89100
Totl Mnth Rntal Inc: 7425
Net Operating Income: 83014.46
Pmt & Rate Info
Cap Rate: 3.79
Equity: 2190000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1200
Avg SqFt: 650
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 1300
# Baths: 2
Property Features
Project Type: Duplex; 5 - 12 Units
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Guard Gate
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Heating: Individual; Central
Cooling: Ceiling Fan(s); Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas; Individual Meter
Parking: Garage; Carport; Street Parking; 1 Space/Unit; Attached
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water
Tenant Pays: Sewer; Electric; Gas; Trash; Cable TV; Landscaping
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: CTL; VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: HomeSmart
Last Updated: April - 19 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.