$995,000
Mesa, AZ 85201
MLS# 6689134
1 / 9
Property Description
2223 West Dora Street consists of 4 total Units, is of wood-framed construction and was built in 1986. The unit mix is comprised of 100% large 2 Bedroom / 1 Bathroom units with (3 of 4) units recently undergoing extensive renovations. All units feature in-suite Washer & Dryer and have ample parking with (2) spaces/unit plus street parking. This asset also features a light value-add component through renovation of the final unit. It is located in the path of progression between Downtown Mesa & Arizona State University. All units are individually metered for electricity. Please do not disturb tenants, drive-by only.
Details
Maps
Contract Info
Current Price: $995,000
List Price: $995,000
Status: Active
List Date: 2024-04-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2223
Compass: W
Street Name: DORA
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6053
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LA MESITA MCR 32-44 LOTS 52 & 53 EX S 170F TH/OF & EX E 65F OF SD LOT 53
Subdivision: LA MESITA
Assessor's Map #: 45
Assessor's Parcel #: 57
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 135-45-057-B
Legal: LA MESITA MCR 32-44 LOTS 52 & 53 EX S 170F TH/OF & EX E 65F OF SD LOT 53
Census Tract: 421303
Tax Municipality: Mesa
Taxes: 1380
Tax Year: 2023
Marketing Name: 2223 W Dora Street
General Property Description
Lot Size Dimensions: 73ft x 94ft
Year Built: 1986
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: RM-4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Dobson Road & Main Street
Geo Lat: 33.418202
Geo Lon: -111.879312
Status Change Info
Status Change Date: 2024-04-09
Legal Info
Township: 1N
Range: 5E
Section: 19
Lot Number: 52
Income & Expenses
Owner Association: No
Operating Exp: 1380
Gross Annual Sch Inc: 76395
Vacancy Allowance: 0.04
Adjusted Gross Inc: 73339.2
Net Operating Income: 59643
Pmt & Rate Info
Cap Rate: 5.99
Equity: 995000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1460
Avg SqFt: 725
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Wood; Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Other
Sale Includes: Land & Building
Community Amenities: No Pool; See Remarks
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Other (See Remarks)
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Other (See Remarks)
Parking: >1 Space Per Unit; Other (See Remarks)
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Reports/Disclosures: None; Other (See Remarks)
Environmental: None; Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: April - 10 - 2024
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