$1,450,000
Mesa, AZ 85201
MLS# 6694492
1 / 25
Property Description
INVESTORS DREAM! This 9-unit multi-family property consists of a large lot with room to build and add more units. Please do not disturb tenants, Drive by only.
Details
Maps
Contract Info
Current Price: $1,450,000
List Price: $1,450,000
Status: Active
List Date: 2024-04-19
Ownership: Other (See Remarks)
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 228
Compass: N
Street Name: MACDONALD
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6650
Country: USA
County Code: Maricopa
Legal Description (Abbrev): MESA N 67' LOT 8 BLK 28
Subdivision: MESA ARIZONA
Assessor's Map #: 58
Assessor's Parcel #: 31
Add'l Parcels: No
Assessor Number: 138-58-031
Legal: MESA N 67' LOT 8 BLK 28
Census Tract: 421400
Tax Municipality: Mesa
Taxes: 2886
Tax Year: 2023
Marketing Name: N/A
General Property Description
Lot Size Dimensions: 331.4x67
Year Built: 1973
Uncvrd Parking Spcs: 18
Total # of Units: 9
# of Buildings: 3
Zoning: R-3
Elementary School: Eisenhower Center For Innovation
Jr. High School: Carson Junior High School
High School: Westwood High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: SE CORNER OF UNIVERSITY DR/COUNTRY CLUB RD
Geo Lat: 33.420442
Geo Lon: -111.834807
Status Change Info
Status Change Date: 2024-04-25
Legal Info
Township: 1N
Range: 5E
Section: 22
Lot Number: 8
Income & Expenses
Owner Association: No
Operating Exp: 2886
Gross Annual Sch Inc: 111600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 106020
Net Operating Income: 92664
Pmt & Rate Info
Cap Rate: 6.39
Equity: 1450000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 650
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 795
Avg SqFt: 800
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Other
Exterior Amenities: Green Landscaping
Appliances Included: Other (See Remarks)
Heating: Window/Wall Unit(s); See Remarks
Cooling: Window/Wall Unit; See Remarks
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking: Street Parking; Paved Parking
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Electric; Gas; Trash
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: April - 29 - 2024
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