$432,300
Mesa, AZ 85203
MLS# 5797826
Status: Closed
1 / 3
Property Description
4 Plex on corner lot! Walking distance to park and light rail (currently under construction). Well maintained complex with 4 units. All units are 2 bedrooms. Each unit has inside laundry and private yards. 2 of the 4 units have private balconies too. Rents very quickly with signage placed on property. Very low cost as there is no HOA and tenants pay their own electric.
Details
Maps
Contract Info
Current Price: $432,300
Sold Price: $432,300
Status: Closed
List Date: 2018-07-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R39
House Number: 1765
Compass: E
Street Name: PEPPER
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 9067
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 18 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 #: 124
Add'l Parcels: No
Assessor Number: 138-69-124
Legal: LOT 18 PARADISE ESTATES OF MESA LOT 1-18 TR A-C MCR 025101
Census Tract: 421601
Tax Municipality: Mesa
Taxes: 927
Tax Year: 2017
Marketing Name: PARADISE ESTATES OF MESA
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
Directions: West on Main, North on Guthrie, to home on corner of Guthrie and Pepper Cir.
Geo Lat: 33.416508
Geo Lon: -111.792802
Status Change Info
Status Change Date: 2019-02-21
Off Market Date: 2019-02-07
Under Contract Date: 2019-01-18
Close of Escrow Date: 2019-02-21
Sold Price: $432,300
Legal Info
Township: 1N
Range: 5E
Section: 24
Lot Number: 18
Income & Expenses
Annual Ins Exp: 1548
Annual Wtr/Swr Exp: 2700
Owner Association: No
Operating Exp: 5175
Gross Annual Sch Inc: 39600
Adjusted Gross Inc: 39600
Net Operating Income: 34752
Pmt & Rate Info
Cap Rate: 7.99
Equity: 435000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 825
Avg SqFt: 940
# Baths: 1
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 2
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Built-Up; Foam
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Individual; Central; Heat Pump
Cooling: Electric; Heat Pump; Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: 1 Space/Unit; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
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; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Keller Williams Realty East Valley
Last Updated: February - 23 - 2023
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