Listing ID6240730
Sold For$485,000
StatusClosed
Sold Date10/29/2021
CountyMaricopa
SubdivisionMESA HOMES 2 REPLATTED
Year Built1962
Property TypeMultiple Dwellings
Sold for $485,000 with a $15,000 credit to buyer at closing. Cash/hard $ buyer. Value-add. Unit mix consists of three large 2 bedroom/1 bath units (800 SF-$800 Rent +/-), along with a big Studio/1 bath unit (400 SF-$400 Rent +/-). Tenant paid electric with separate HVAC units in good condition (all 2 bedroom units). Studio unit has wall heating/cooling. All tenant leases either month-to-month or coming up for renewal by the fall. Rents are well-below market. Tile everywhere, w/d hookups. Carport. Close to Main St/LRT. Showings in escrow only. Buyer to complete and rely on own due diligence. OM & RR available upon request.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MESA HOMES 2 REPLATTED
Year Built
1962
Zoning
C-3
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
800
Cooling
Central A/C, Electric, Wall/Window Unit(s)
Cooling
yes
Efficiency Units # Baths
1
Efficiency Units # Efficiency Units
1
Efficiency Units Avg SqFt
400
Heating
Central, Electric, Other, See Remarks
Heating
yes
Community Features
No Pool
Country
US
Directions
Almost directly across the street from Reed Park. Just south of Main Street and east of the heart of Downtown Mesa off Stapley. Near LRT.
Elementary School
Longview Elementary School
Elementary School District
Mesa Unified District
General Property Description Elementary School
Longview Elementary School
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
Mesa High School
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Mesa Junior High School
High School
Mesa High School
High School District
Mesa Unified District
Middle Or Junior School
Mesa Junior High School
Postal City
Mesa
Township
1N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
3
Electric
SRP
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
10,880 SQ. FT.
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
10,880 SQ. FT.
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
2
Parking Carport
1
Parking Features
Paved Parking, >1 Space Per Unit, Common
Parking Total
5
Road Surface Type
Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
Roof
Composition
Sewer
Sewer-In & Connected, Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
5E
Public Survey Section
24
2 Bedroom Units Avg Rent
800
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Efficiency Units Avg Rent
400
Listing Terms
Other (See Remarks), Conventional
Operating Expense
1222
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1222
Tax Book Number
138.00
Tax Lot
154
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6240730
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker