$2,490,000
Mesa, AZ 85201
MLS# 6676567
1 / 36
Property Description
Rare Investment opportunity to own 12 units with 2 additional land zoned RM-2 per Tax Records. Property consists of 10- 1 bedroom and 2-2 bedroom units on its own lot. Seller is Non-profit and is selling property AS-IS and has no Seller Disclosure for the property. Buyer to verify condition, zoning, city allowances , and any lot boundaries. Property is currently Vacant, and Listing agents must accompany. Property is being sold together. Call the listing Agent for details. 12 Plex appears to encroach on the lot to the immediate south, which is owned by the seller.
Details
Maps
Documents
Contract Info
Current Price: $2,490,000
List Price: $2,490,000
Status: Active
List Date: 2024-02-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 120
Compass: N
Street Name: BEVERLY
St Suffix: Lane
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6322
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BEG AT NW COR SW4 NW4 TH E 564.19' S 331.97' TO TRUE POB TH W 266.18' S 64.92' E 266.18' N 64.92'
Assessor's Map #: 53
Assessor's Parcel #: 17
Add'l Parcels: Yes
Assessor Number: 135-53-017
Legal: BEG AT NW COR SW4 NW4 TH E 564.19' S 331.97' TO TRUE POB TH W 266.18' S 64.92' E 266.18' N 64.92'
Census Tract: 421302
Tax Municipality: Mesa
Tax District: 41
Tax Year: 2023
Marketing Name: Beverly
General Property Description
Lot Size Dimensions: IRR
Year Built: 1965
Uncvrd Parking Spcs: 18
Total # of Units: 12
# of Buildings: 1
Zoning: MULTI
Elementary School: Flora Thew Elementary School
Jr. High School: Connolly Middle School
High School: McClintock High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: ALMA SCHOOL TO MAIN STREET. EAST ON
Directions: MAIN TO BEVERLY. NORTH ON BEVERLY TO PROPERTY.
Geo Lat: 33.417534
Geo Lon: -111.855093
Status Change Info
Status Change Date: 2024-05-09
Legal Info
Township: 1N
Range: 5E
Section: 21
Lot Number: MB
Cnty Rcrd Bk & Pg #: 00
Income & Expenses
Owner Association: No
Other Income: 720
Adjusted Gross Inc: 720
Net Operating Income: 42235
Pmt & Rate Info
Cap Rate: 1.7
Equity: 2490000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 10
Avg SqFt: 583
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg SqFt: 850
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Shake
Floors: Concrete
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Patio/Balcony
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Disposal
Heating: Individual; Heat Pump
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Street Parking; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
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: None
Environmental: None
Unbranded Flyer 
Listing Office: Realty ONE Group
Last Updated: May - 09 - 2024
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