Listing ID6372563
Sold For$540,000
StatusClosed
Sold Date6/09/2022
CountyMaricopa
SubdivisionFERRIN HOMES
Year Built1962
Property TypeMultiple Dwellings
Well-maintained Triplex in the heart of Mesa. Value add opportunity. All units are 2br/1ba at $900/mo. All 3 leases expire 7/31/2022. Plenty of room to raise to $1100+ market rents. Showings in escrow only-100% occupied. Do not disturb tenants. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
FERRIN HOMES
Year Built
1962
Zoning
M-H MultiFamily
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
836
Cooling
Central A/C, Heat Pump, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
From N Mesa Dr and E University Dr, go east and turn south on N Lesueur, property will be on your left (east).
Elementary School
Edison Elementary School
Elementary School District
Mesa Unified District
General Property Description Elementary School
Edison Elementary School
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
Westwood High School
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Kino Junior High School
High School
Westwood High School
High School District
Mesa Unified District
Middle Or Junior School
Kino Junior High School
Postal City
Mesa
Township
1N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Brick Veneer, Painted, Block, Frame - Wood
Covered Spaces
3
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
9772 sqft
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
3
Lot Size Dimensions
9772 sqft
Number Of Buildings
1
Number Of Units Total
3
Open Parking Spaces
3
Parking Assigned
1
Parking Carport
1
Parking Features
Assigned, >1 Space Per Unit, Street Parking, Common
Parking Total
6
Road Surface Type
Asphalt
Roof
Foam
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
5E
Public Survey Section
23
2 Bedroom Units Avg Rent
900
Cap Rate
4.67
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Gardener Expense
960
Gross Income
32400
Gross Scheduled Income
32400
Insurance Expense
1036
Listing Terms
CTL, Conventional, 1031 Exchange, VA Loan
Net Operating Income
26881
Operating Expense
5519
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1123
Tax Book Number
138.00
Tax Lot
7
Tax Year
2021
Tenant Pays
Electricity
Water Sewer Expense
2400
Contact - Listing ID 6372563
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
