Listing ID6464883
Sold For$615,000
StatusClosed
Sold Date11/18/2022
CountyMaricopa
SubdivisionDREAMLAND VILLA 14
Year Built1982
Property TypeMultiple Dwellings
Amazing 4 plex opportunity in East Mesa!!! 4 plex is located in a 55+ community!!! The property has always stayed occupied. Rent roll is attached. Unit was built in 1982 with excellent workmanship. Units are currently fully occupied. Room for rents to increase. Come make this your next investment today!
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
DREAMLAND VILLA 14
Year Built
1982
Zoning
X
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
700
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
900
Cooling
Central A/C, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Heat Pump
Heating
yes
Community Features
Shuffle Brd/Lawn Bwl, Game/Rec Room, Clubhouse, Heated Spa(s), Spa(s), Pool
Country
US
Directions
WEST ON MAIN ST TO 58TH ST, NORTH ON 58TH TO ALBANY ST. PROPERTY IS ON THE NORTH EAST CORNER OF 58TH ST AND ALBANY.
Elementary School
Adult
Elementary School District
Mesa Unified District
General Property Description Elementary School
Adult
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
Adult
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Adult
High School
Adult
High School District
Mesa Unified District
Middle Or Junior School
Adult
Postal City
Mesa
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
4
Electric
SRP, None
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
.25 ACRES
General Property Description Total # of Units
4
Lot Size Dimensions
.25 ACRES
Number Of Buildings
1
Number Of Units Total
4
Parking Features
Paved Parking
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Private Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
23
1 Bedroom Units Avg Rent
867
2 Bedroom Units Avg Rent
969
Cap Rate
4.69
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Gross Income
44064
Gross Scheduled Income
44064
Listing Terms
Conventional, 1031 Exchange, VA Loan
Maintenance Expense
2400
Net Operating Income
35196
Operating Expense
8868
Other Expense
1650
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
868
Tax Book Number
141.00
Tax Year
2022
Tenant Pays
Electricity, Cable TV
Trash Expense
1200
Water Sewer Expense
2400
Contact - Listing ID 6464883
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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