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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

1159 W DRUMMER Avenue
Mesa, Arizona AZ 85210-2210
Sold For: $600,000
Listing ID 6432764
Status Closed
Year Built 1971

Property Description:

Turnkey ready, maintenance-free duplex. Generate immediate cash flow with this comprehensively remodeled duplex near the Tempe/Mesa border. Property has been fully remodeled including new roof, HVAC, plumbing, sewer, windows, kitchen, bathrooms, lighting, landscaping, and new appliances. Plumbing now allows for a second water meter on the property, and the seller can provide city-ready engineering plans to submit to the city for a second water meter on the property. This is a rent and forget investment opportunity for at least the next 5-to-10 years. Could be delivered vacant or with creditworthy tenants.

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: MESA SOUTHWEST ESTATES
Year Built: 1971
Zoning: RM-3

Interior

2 Bedroom Units # Baths: 2
2 Bedroom Units Avg SqFt: 1001
Cooling: yes
Flooring: Vinyl
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: North on Alma School to property on the eastside.
Elementary School: Guerrero Elementary School
Elementary School District: Mesa Unified District
General Property Description Elementary School: Guerrero Elementary School
General Property Description Elementary School District2: Mesa Unified District
General Property Description High School: Dobson High School
General Property Description High School District: Mesa Unified District
General Property Description Jr High School: Rhodes Junior High School
High School: Dobson High School
High School District: Mesa Unified District
Middle Or Junior School: Rhodes Junior High School
Postal City: Mesa
Township: 1N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Block
Electric: SRP
General Property Description # of Buildings: 1
General Property Description Lot Size Dimensions: +/-67'x94'
General Property Description Total # of Units: 2
General Property Description Uncvrd Parking Spcs: 2
Lot Size Dimensions: +/-67'x94'
Number Of Buildings: 1
Number Of Units Total: 2
Open Parking Spaces: 2
Parking Features: Paved Parking, Free, 1 Space/Unit, Street Parking
Parking Free: 1
Parking Total: 2
Road Surface Type: Asphalt, Curb(s) & Gutter(s)
Roof: Composition, Rolled/Hot Mop
Sewer: Sewer-In & Connected, Public Sewer

Additional

Mls Status: Closed
Public Survey Range: 5E
Public Survey Section: 28

Financial

2 Bedroom Units Avg Rent: 1825
Cap Rate: 6.89
Disclosures: Seller Prop Disc Stm
Gross Income: 44640
Gross Scheduled Income: 43800
Insurance Expense: 987
Listing Terms: Conventional, 1031 Exchange
Maintenance Expense: 861
Net Operating Income: 42048
Operating Expense: 2934
Owner Pays: Trash Collection, Water, Sewer
Tax Annual Amount: 861
Tax Book Number: 134.00
Tax Lot: 25
Tax Year: 2021
Tenant Pays: Electricity, Cable TV
Trash Expense: 75
Water Sewer Expense: 150

Zoning Info


Contact - Listing ID 6432764

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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