Listing ID6394426
Sold For$800,000
StatusClosed
Sold Date6/27/2022
CountyMaricopa
Year Built1979
Property TypeMultiple Dwellings
326 South Doran is a 4-unit property built in 1979 and
constructed with wood frame and pitched asphalt roofing. The units are individually metered for electricity and hot water. Tenants
enjoy in-suite washer / dryer, private backyards, and at-unit
parking. All areas of the Phoenix Valley are accessible from 326
South Doran by way of the Red Mountain Freeway (Loop 202),
Superstition Freeway (US 60), and Price Freeway (Loop 101).
326 South Doran is located in a high rent growth area.
According to the Zumper National Rent Report, Mesa
experienced a 21% Rent Growth in 2021. Residents enjoy close
proximity to Downtown Mesa and a Metro Light Rail station.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1979
Zoning
RM-4
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
855
Cooling
Electric, Ceiling Fan(s)
Cooling
yes
Heating
See Remarks
Community Features
No Pool
Country
US
Directions
North to Dana Ave, East to Doran, South 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
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Covered Spaces
1
Electric
Other (See Remarks)
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
unknown
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
12
Lot Size Dimensions
unknown
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
12
Parking Carport
1
Parking Features
Common
Parking Total
13
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
2 Bedroom Units Avg Rent
1425
Cap Rate
6.15
Disclosures
Other (See Remarks)
Gross Income
69888
Gross Scheduled Income
69900
Listing Terms
Other (See Remarks), Conventional, 1031 Exchange
Net Operating Income
52265
Operating Expense
1397
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1397
Tax Book Number
138.00
Tax Lot
16
Tax Year
2021
Tenant Pays
See Remarks
Contact - Listing ID 6394426
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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