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$447,000
Mesa, AZ 85203
MLS# 6058301
Status: Closed
1 / 3
Property Description
GREAT OPPORTUNITY TO OWN A FULLY OCCUPIED 4 UNIT MULTI-FAMILY PROPERTY WITH VALUE ADD OPP. ALL UNITS ARE 2 BEDS/1 BATH. P&L SUPPLIED IS ACCURATE WITH CURRENT RENTS. **UNIT 202 JUST UPPED TO $800/MO & UNIT 102 TO $750/MO WHICH BRINGS CAP TO 7.64**
Details
Maps
Documents
Contract Info
Current Price: $442,000
Sold Price: $442,000
Status: Closed
List Date: 2020-03-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q39
House Number: 1923
Compass: N
Street Name: SPRING
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 9609
Country: USA
County Code: Maricopa
Legal Description (Abbrev): NORTH MESA VILLAGE MCR 242-50
Subdivision: NORTH MESA VILLAGE
Assessor's Map #: 24
Assessor's Parcel #: 121
Add'l Parcels: No
Assessor Number: 136-24-121
Legal: NORTH MESA VILLAGE MCR 242-50
Census Tract: 420503
Tax Municipality: Maricopa - COUNTY
Taxes: 1363
Tax Year: 2019
Marketing Name: None
General Property Description
Lot Size Dimensions: 6970
Year Built: 1984
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: RM-4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Mesa Dr & McKellips
Directions: North On Julep which curves into Spring
Geo Lat: 33.45006
Geo Lon: -111.821536
Status Change Info
Status Change Date: 2020-07-11
Off Market Date: 2020-05-24
Under Contract Date: 2020-05-23
Close of Escrow Date: 2020-07-10
Sold Price: $442,000
Legal Info
Township: 1N
Range: 5E
Section: 11
Lot Number: 17
Income & Expenses
Annual Ins Exp: 1991
Annual Maint Exp: 1203
Annual Wtr/Swr Exp: 3240
Owner Association: Yes
Annual Ownr Asoc Fee: 1824
Operating Exp: 9621
Vacancy Allowance: 0.05
Net Operating Income: 34378.44
Pmt & Rate Info
Cap Rate: 7.69
Equity: 447000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 716.25
Avg SqFt: 867
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool; Play Area
Appliances Included: Refrigerator; W/D Hookup
Cooling: Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking: Street Parking; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Other
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
HOA 2020 BUDGET 
Listing Office: NORTH&CO.
Last Updated: October - 22 - 2020
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