$879,000
Mesa, AZ 85210
MLS# 6666634
1 / 1
Property Description
6 TOTAL UNITS 2 in the back and 4 units in front! LONG TERM TENANTS. Coin operated laundry room, new roofs installed in 2015, new plumbing updates done under ground in 2022. All units recently converted to electric with separate meters so tenants may pay their own electric! All units have been remolded. Historic downtown Mesa within walking distance: bus stops, light rail and shopping are walking distance.
Details
Maps
Contract Info
Current Price: $879,000
List Price: $879,000
Status: Active
List Date: 2024-02-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 448
Compass: W
Street Name: DANA
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 1328
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: 1464
Tax Year: 2023
Marketing Name: Downtown Mesa Apartments
General Property Description
Lot Size Dimensions: 50x133
Year Built: 1915
Uncvrd Parking Spcs: 5
Total # of Units: 6
# 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: From US 60 go North on Country Club. West on Dana AVE to property on North side of the road.
Geo Lat: 33.412664
Geo Lon: -111.841675
Status Change Info
Status Change Date: 2024-02-20
Legal Info
Township: 1N
Range: 5E
Section: 21
Lot Number: 7
Income & Expenses
Annual Elec Exp: 3000
Annual Gas Exp: 1000
Annual Ins Exp: 2500
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 3000
Owner Association: No
Operating Exp: 11964
Gross Annual Sch Inc: 71340
Other Income: 100
Vacancy Allowance: 0.05
Adjusted Gross Inc: 67868
Totl Mnth Rntal Inc: 5945
Net Operating Income: 21743
Pmt & Rate Info
Equity: 899
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 2
Avg Rent: 1000
Avg SqFt: 300
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1200
Avg SqFt: 650
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Metal
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment; Other (See Remarks)
Community Amenities: No Pool
Exterior Amenities: Fenced; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Basement
Appliances Included: Refrigerator
Heating: Window/Wall Unit(s); Wall Furnace
Cooling: Electric; Window/Wall Unit
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: City Electric; Individual Meter
Gas: City Gas
Parking: Street Parking; 1 Space/Unit
Roads/Streets: Asphalt; Concrete
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
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
Reports/Disclosures: Boundary Survey Avlb; None
Environmental: None
Listing Office: Cluff Real Estate LLC
Last Updated: April - 12 - 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.