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$1,050,000
Mesa, AZ 85204
MLS# 6672736
1 / 11
Property Description
The property consists of (5) two-bedroom / one-bathroom & (1) two-bedroom / two-bathroom unit types. Pioneer also has an on-site laundry room. Residents enjoy close proximity to Downtown Mesa and a light rail station located less than a half mile north of the property on Main Street. All areas of the Phoenix Valley are accessible from 325 - 329 South Pioneer by way of the Red Mountain Freeway (Loop 202), Superstition Freeway (US 60), and Price Freeway (Loop 101).
Details
Maps
Contract Info
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2024-02-26
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 325
Compass: S
Street Name: PIONEER
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2061
Country: USA
County Code: Maricopa
Legal Description (Abbrev): MESA MCR 23/18 PT BL 90 W2 OF FOL BEG AT PT 240F S & 25F W OF NE COR SE4 SW4 SW4 SEC 23 01N 05E TH
Subdivision: MESA ARIZONA
Assessor's Map #: 30
Assessor's Parcel #: 65
Assessor Parcel Ltr: G
Add'l Parcels: No
Assessor Number: 138-30-065-G
Legal: MESA MCR 23/18 PT BL 90 W2 OF FOL BEG AT PT 240F S & 25F W OF NE COR SE4 SW4 SW4 SEC 23 01N 05E TH
Census Tract: 421501
Tax Municipality: Mesa
Taxes: 1569
Tax Year: 2023
Marketing Name: Pioneer Apartments
General Property Description
Lot Size Dimensions: 127.85x59.78x127.38x59.99
Year Built: 1981
Uncvrd Parking Spcs: 4
Total # of Units: 6
# of Buildings: 1
Zoning: RM-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Geo Lat: 33.408876
Geo Lon: -111.81923
Status Change Info
Status Change Date: 2024-03-05
Legal Info
Township: 1N
Range: 5E
Section: 23
Lot Number: --
Income & Expenses
Owner Association: No
Operating Exp: 1569
Gross Annual Sch Inc: 99360
Other Income: 600
Vacancy Allowance: 0.06
Adjusted Gross Inc: 93962.4
Net Operating Income: 68860
Pmt & Rate Info
Cap Rate: 6.56
Equity: 1050000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1395
Avg SqFt: 675
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Other
Sale Includes: Building(s) Only
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Disposal
Heating: Central
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Garage; Street Parking; <1 Space Per Unit
Roads/Streets: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: March - 05 - 2024
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