$3,950,000
Mesa, AZ 85207
MLS# 6658864
1 / 50
Property Description
GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.
Details
Maps
Contract Info
Current Price: $3,950,000
List Price: $3,950,000
Status: Active
List Date: 2024-02-02
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 8019
Compass: E
Street Name: MAIN
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85207
Zip4: 8503
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 BLOCK 1 DESERT SAGE TR BLKS 5, 6, 7 MCR 003805
Subdivision: DESERT SAGE TR BLKS 5, 6, 7
Assessor's Map #: 32
Assessor's Parcel #: 7
Add'l Parcels: Yes
Assessor Number: 218-32-007
Legal: LOTS 7, 8, 9, 10 DESERT SAGE TR BLKS 5, 6, 7 MCR 003805
Tax Municipality: Maricopa - COUNTY
Taxes: 10345
Tax Year: 2023
Marketing Name: EAST MESA INN MOTEL
General Property Description
Lot Size Dimensions: 36,000
Year Built: 1945
Uncvrd Parking Spcs: 24
Total # of Units: 24
# of Buildings: 3
Zoning: C-3, R-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Main Street and 80th
Geo Lat: 33.414794
Geo Lon: -111.657936
Status Change Info
Status Change Date: 2024-02-02
Legal Info
Township: 1N
Range: 7E
Section: 20
Block: 5,6,7
Lot Number: 7, 8, 9, 10
Income & Expenses
Owner Association: No
Operating Exp: 10345
Vacancy Allowance: 0.1
Pmt & Rate Info
Equity: 3950000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 22
Avg Rent: 350
Avg SqFt: 450
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 350
Avg SqFt: 500
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2500
Avg SqFt: 1700
# Baths: 2
Property Features
Project Type: 13 - 24 Units
Other Type: House + Rental Units; Hotel/Motel
Construction: Block
Const - Finish: Stucco
Roofing: Built-Up; Tile; Metal
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool; Manager Res/Office
Exterior Amenities: Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Furnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Refrigerator; Microwave
Heating: Individual; Central
Cooling: Ceiling Fan(s); Electric; Individual; Central A/C
Water: City Franchise
Sewer: Septic Tank; Septic in & Cnctd
Electric: SRP
Gas: SW Gas
Parking: 1 Space/Unit; Add'l Parking Avail; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping
Tenant Pays: None
Source of Fincl Data: Provided by Owner; Books Shwn Accpt Ofr
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Iannelli and Associates
Last Updated: February - 02 - 2024
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