Listing ID6322187
Sold For$753,500
StatusClosed
Sold Date2/22/2022
CountyMaricopa
SubdivisionSOUTHWEST MESA CENTER
Year Built1960
Property TypeMultiple Dwellings
It is located in a high demand area of central Mesa. With three of the units updated, there is current income with easy value-add upside for the new owner: renovate the fourth unit and spruce up the existing back yards. Rents are well below market so there is upside through both physical upgrades and bringing rents to market rate. Each unit has a private back yard, individual storage, covered parking space, and a washer dryer hookup. Residents enjoy a central location in a quiet neighborhood. Within walking distance are Kleinman Park, Fiesta Sports Complex, and a number of elementary schools. 716 W. 5th Ave is a... 716 W. 5th Ave is a block constructed building built in 1960, on a 0.27 acre lot with 2,604 sq feet of living space. All units are 2-bed/1-bath with individual meters. Interior viewing after accepted contract.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
SOUTHWEST MESA CENTER
Year Built
1960
Zoning
RM-2
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
651
Cooling
Heat Pump
Cooling
yes
Heating
Heat Pump
Heating
yes
Community Features
No Pool
Country
US
Directions
South on Extension, East on 5th Ave to property
Elementary School District
Mesa Unified District
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School District
Mesa Unified District
High School District
Mesa Unified District
Postal City
Mesa
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
4
Electric
Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
Unk
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
Unk
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Carport
1
Parking Features
1 Space/Unit, Common
Parking Total
8
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
5E
Public Survey Section
28
2 Bedroom Units Avg Rent
841
Disclosures
None
Listing Terms
No Carry, Conventional, 1031 Exchange, FHA
Operating Expense
1237
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1237
Tax Book Number
134.00
Tax Lot
5
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6322187
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker