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

6139 E GREENWAY Street
Mesa, Arizona AZ 85205-4853
Sold For: $975,000
Listing ID 6486533
Status Closed
Year Built 1986

Property Description:

Premium 4 Plex in Mesa with 3 Bedroom & 2 Bath Units with Private Gated Yards! 8 Cov Park Spcs & Tile Roof. All Utilities are Paid by the Tenants and Metered Separately. All Units Leased and Current; #1 & #4 Are Longer Term Tenants. Rents Are: #1: $1100 (will be $1250 on 1/23); #2: $1550; #3: $1450 (will be $1525 on 1/23); #4: $1300 (all rental agreements will be month to month). #1 & #2 Had New AC's in 2020; #3 New AC in 2019; #4: AC in 2016. Unit #2; #3 & #4 Have Had Full Remodels with Flooring; Kitchen Countertops; Vanities, Light Fixtures, etc in 2017 & 2021. All Units Have a Separate Washer & Dryer for Each Unit, That is Included with the Sale! Well Managed 4 Plex with Great Tenants & Great Paying Also! More Room to Increase Rents in the Near Future! Please Do NOT the Disturb Tenants

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: MANOR VIEW
Year Built: 1986
Zoning: M-H, RM-3

Interior

3 Bedrooms Units # Baths: 8
3 Bedrooms Units Avg SqFt: 1078
Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
Cooling: yes
Heating: Heat Pump, Electric, Ceiling
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: East to 61st Plc; North to Greenway St (first street); East to 6139 On South Side of Street
Elementary School: Mendoza Elementary School
Elementary School District: Mesa Unified District
General Property Description Elementary School: Mendoza Elementary School
General Property Description Elementary School District2: Mesa Unified District
General Property Description High School: Red Mountain High School
General Property Description High School District: Mesa Unified District
General Property Description Jr High School: Shepherd Junior High School
High School: Red Mountain High School
High School District: Mesa Unified District
Middle Or Junior School: Shepherd Junior High School
Postal City: Mesa
Township: 1N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Stucco, Frame - Wood
Covered Spaces: 8
Electric: SRP, Individual Meter
General Property Description # of Buildings: 1
General Property Description Flood Zone: No
General Property Description Lot Size Dimensions: 10205
General Property Description Total # of Units: 4
Lot Size Dimensions: 10205
Number Of Buildings: 1
Number Of Units Total: 4
Parking Carport: 1
Parking Features: Paved Parking, >1 Space Per Unit, Street Parking, Common
Parking Total: 8
Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
Roof: Tile
Sewer: Public Sewer

Additional

Buyer Agency Compensation: 2.50
Mls Status: Closed
Public Survey Range: 6E
Public Survey Section: 12

Financial

3 Bedrooms Units Avg Rent: 1406
Cap Rate: 4.94
Disclosures: Seller Prop Disc Stm
Gardener Expense: 1155
Gross Income: 67500
Gross Scheduled Income: 67500
Insurance Expense: 1654
Listing Terms: CTL, Conventional
Maintenance Expense: 5230
Net Operating Income: 51833
Operating Expense: 15667
Owner Pays: Landscaping
Professional Management Expense: 5200
Tax Annual Amount: 2428
Tax Book Number: 141.00
Tax Lot: 37
Tax Year: 2022
Tenant Pays: Electricity, Water, Sewer, Cable TV

Zoning Info


Contact - Listing ID 6486533

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Michael Bohlman

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

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