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$259,000
Mesa, AZ 85208
MLS# 5403130
Status: Closed
1 / 53
Property Description
Back on the market. This is one parcel of land containing 2 duplexes. 1 duplex has 3 bedroom units and the other has 2 bedroom units. 4 new AC units were added in 2014 along with new roofing, windows, stucco, and tile on the inside. 3 of the 4 units were remodeled in 2014 or sooner. Over $120,000 has been spent on capital improvements in the last 2 years. See the documents for the financials. One unit is vacant but has been bringing in $2,740 a month when occupied and a new tenant should be in place next mont. Great cash flow, especially if financed well.
Details
Maps
Contract Info
Current Price: $265,000
Sold Price: $265,000
Status: Closed
List Date: 2016-02-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R42
House Number: 8006
Compass: E
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85208
Zip4: 1456
Country: USA
County Code: Maricopa
Legal Description (Abbrev): DESERT SAGE TR
Subdivision: DESERT SAGE TR BLKS 1, 2, 3, 4
Assessor's Map #: 32
Assessor's Parcel #: 4
Add'l Parcels: No
Assessor Number: 218-32-004
Legal: DESERT SAGE TR
Census Tract: 422627
Tax Municipality: Mesa
Taxes: 789
Tax Year: 2015
Marketing Name: Mesa Quadplex
General Property Description
Lot Size Dimensions: 61 x 150
Year Built: 1967
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: R 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: 80th ST and Main
Directions: South on 80th Street, to property on the corner of 1st Ave
Geo Lat: 33.414338
Geo Lon: -111.658342
Status Change Info
Status Change Date: 2016-10-06
Off Market Date: 2016-10-06
Under Contract Date: 2016-08-10
Close of Escrow Date: 2016-10-06
Sold Price: $265,000
Legal Info
Township: 1N
Range: 7E
Section: 20
Block: 1
Lot Number: 4
Income & Expenses
Annual Ins Exp: 900
Annual Trash Exp: 624
Annual Wtr/Swr Exp: 900
Owner Association: No
Operating Exp: 3213
Gross Annual Sch Inc: 32880
Adjusted Gross Inc: 32880
Totl Mnth Rntal Inc: 2740
Net Operating Income: 29667
Pmt & Rate Info
Cap Rate: 11.45
Equity: 259000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 550
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 850
Avg SqFt: 900
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: F/S Oven/Range
Heating: Natural Gas; Central
Cooling: Central A/C
Water: City Franchise
Sewer: Septic Tank
Electric: SRP
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Dedicated Street
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: None
Source of Fincl Data: Provided by Owner
Special: Owner/Agent; Unincorporated Area
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ETK Investments, LLC
Last Updated: October - 06 - 2016
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