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$299,999
Mesa, AZ 85210
MLS# 5952532
Status: Closed
1 / 8
Property Description
Back on the Market! Buyer's Financing Fell Through. If you're looking for a nice all 2-Bedroom, Triplex with Consistent Cash Flow THIS IS IT! Now with a NEW ROOF with Transferable Warranty! Good Rents and Solid Property for Your Real Estate Portfolio. Drive-by Only. Do Not Disturb Residents. Great Property In a Neighborhood Away from Other Multi-Family Properties. Central Mesa location with Parking On Property and On Street. Long-Term Tenants. See Tenant Roster in Documents for Rents, Term, and Deposits.
Details
Maps
Contract Info
Current Price: $295,000
Sold Price: $295,000
Status: Closed
List Date: 2019-07-15
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R39
House Number: 550
Compass: S
Street Name: PASADENA
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 2611
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 11 MILLETT PLACE MCR 004815
Subdivision: MILLETT PLACE
Assessor's Map #: 37
Assessor's Parcel #: 66
Add'l Parcels: No
Assessor Number: 139-37-066
Legal: LOT 11 MILLETT PLACE MCR 004815
Census Tract: 422001
Tax Municipality: Mesa
Taxes: 945
Tax Year: 2018
Marketing Name: Unknown
General Property Description
Lot Size Dimensions: 165.7 x 60
Year Built: 1960
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: D
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Mesa Drive/Broadway Road
Directions: From Mesa Drive and Broadway Road, Drive West to Pasadena, and South to Listed Property.
Geo Lat: 33.404516
Geo Lon: -111.827508
Status Change Info
Status Change Date: 2019-11-01
Off Market Date: 2019-09-22
Under Contract Date: 2019-09-21
Close of Escrow Date: 2019-10-31
Sold Price: $295,000
Legal Info
Township: 1N
Range: 5E
Section: 27
Lot Number: 11
Income & Expenses
Annual Landscape Exp: 300
Annual Maint Exp: 298
Annual Wtr/Swr Exp: 3370
Owner Association: No
Operating Exp: 4913
Gross Annual Sch Inc: 23040
Vacancy Allowance: 0.05
Adjusted Gross Inc: 21888
Net Operating Income: 19000
Pmt & Rate Info
Cap Rate: 6.33
Equity: 299999
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 658
Avg SqFt: 701
# Baths: 1
Contact Info
List Agent Home Phn: 480-215-6135
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Brick Trim/Veneer
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Partially Fenced; Pet Restrictions; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Heating: Central
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric; Individual Meter
Gas: City Gas
Parking: Carport; Street Parking; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Gas; Trash; Cable TV
Source of Fincl Data: Provided by Owner; Tax Return
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional; Treat as Free&Clear
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: DPR Realty LLC
Last Updated: November - 01 - 2019
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