Listing ID6422760
Sold For$745,000
StatusClosed
Sold Date7/15/2022
CountyMaricopa
SubdivisionUNIVERSITY VILLA EAST
Year Built1984
Property TypeMultiple Dwellings
Drive By Only. Do not disturb tenants.
Investors, great 4 plex in Mesa. Rare building where each unit is 2 bedrooms, 2 bathrooms, 875 square feet. Each unit has its own washer/dryer. Electric is individually metered. Landlord pays for water sewer and trash. Please do not disturb tenants. Viewing by appointment after accepted contract. Please look at documents in document section of listing. Drive by only
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
UNIVERSITY VILLA EAST
Year Built
1984
Zoning
multi
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
875
Cooling
Central A/C, Electric
Cooling
yes
Efficiency Units # Baths
2
Efficiency Units # Efficiency Units
4
Efficiency Units Avg SqFt
875
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
US 60 to Val Vista. Right on Val Vista, Left on University, Right on Los Alamos, Left on E Cicero Property on the left
Elementary School
Highland Elementary School
Elementary School District
Mesa Unified District
General Property Description Elementary School
Highland Elementary School
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
Mountain View High School
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Poston Junior High School
High School
Mountain View High School
High School District
Mesa Unified District
Middle Or Junior School
Poston Junior High School
Postal City
Mesa
Township
1N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
8035 sq ft total
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
8
Lot Size Dimensions
8035 sq ft total
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
8
Parking Features
Paved Parking
Parking Total
8
Road Surface Type
Asphalt
Roof
Tile
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
17
2 Bedroom Units Avg Rent
975
Cap Rate
4.06
Disclosures
Seller Prop Disc Stm
Efficiency Units Avg Rent
975
Gardener Expense
600
Gross Income
42828.94
Gross Scheduled Income
43703
Listing Terms
Conventional
Maintenance Expense
3000
Net Operating Income
30221
Operating Expense
14182
Owner Pays
Trash Collection, Water, Sewer
Professional Management Expense
3600
Tax Annual Amount
1984
Tax Book Number
140.00
Tax Lot
16
Tax Year
2021
Tenant Pays
Electricity
Trash Expense
1479
Water Sewer Expense
3519
Contact - Listing ID 6422760
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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