$800,000
Mesa, AZ 85210
MLS# 6148780
Status: Closed
1 / 40
Property Description
Great investment cash flow opportunity just south of the light rail. Right off Mesa dr. (Mesa Dr. city is expanding and spending tax dollars on now) Growing area full of potential. Investors who know the value of area and rent increase opportunity this is the chance to get in before rents are increased. One unit has increased rent to $1025 plus tax. All other units can do the same. Average rent right now is $850 each two bedroom one bath with a yard. Most are month to month and rents can be raised now. Property manager is willing to stay on and do this for you.
Details
Maps
Contract Info
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2020-10-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R39
House Number: 644-652
Compass: S
Street Name: Mesa
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Country: USA
County Code: Maricopa
Assessor's Map #: 35
Assessor's Parcel #: 161
Add'l Parcels: Yes
Assessor Number: 139-35-161
Legal: LOT 22 BLOCK 5 EL MAY VILLA AMD MCR 004239
Tax Municipality: Maricopa - COUNTY
Taxes: 2019
Tax Year: 1800
Marketing Name: Two triplexes
General Property Description
Lot Size Dimensions: .4
Year Built: 1971
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 2
Zoning: MH
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Mesa Dr and Broadway
Directions: Just South of Broadway. Turn into property off mesa dr. South of the light rail.
Geo Lat: 33.402799
Geo Lon: -111.823322
Status Change Info
Status Change Date: 2021-01-07
Off Market Date: 2021-01-07
Under Contract Date: 2020-10-28
Close of Escrow Date: 2021-01-07
Sold Price: $800,000
Legal Info
Lot Number: 22
Income & Expenses
Owner Association: No
Operating Exp: 2019
Gross Annual Sch Inc: 73800
Adjusted Gross Inc: 73800
Net Operating Income: 73800
Pmt & Rate Info
Cap Rate: 9
Equity: 820000
2 Bedroom Units
# 2 Bedroom Units: 6
Avg SqFt: 750
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex; Four Plex; 5 - 12 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Foam; Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking: Carport; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
New Financing: VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Synchronicity Realty
Last Updated: January - 07 - 2021
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