$295,000
Mesa, AZ 85201
MLS# 5767086
Status: Closed
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Property Description
Great Investment property, right off the light rail, in recently revitalized down town mesa. Increased demand in this area allows rent rates to be increased to over $800 per unit! Both downstairs units enjoy private backyards, washer and dryer, AND basement. Upstairs unit has large private balcony and ample storage. New AC installed in 2016. Very clean and easy to rent. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.
Details
Documents
Contract Info
Current Price: $295,000
Sold Price: $295,000
Status: Closed
List Date: 2018-04-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R38
House Number: 149
Compass: N
Street Name: PHYLLIS
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6064
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LA MESITA MCR 32/44 TH PT LOT 46 DAF BEG AT NE COR SD LOT TH S 108F ALG E LN SD LOT TH W 61F TH N 2
Subdivision: LA MESITA
Assessor's Map #: 45
Assessor's Parcel #: 49
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 135-45-049-C
Legal: LA MESITA MCR 32/44 TH PT LOT 46 DAF BEG AT NE COR SD LOT TH S 108F ALG E LN SD LOT TH W 61F TH N 2
Census Tract: 421303
Tax Municipality: Mesa
Taxes: 834
Tax Year: 2017
Marketing Name: investment
General Property Description
Lot Size Dimensions: 5175
Year Built: 1983
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: 1
Zoning: multi
Elementary School: Powell Junior High School
Jr. High School: Powell Junior High School
High School: Westwood High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Dobson and Main
Directions: West on Main past Dobson then go north on Phyllis
Geo Lat: 33.41791
Geo Lon: -111.880744
Status Change Info
Status Change Date: 2018-06-16
Off Market Date: 2018-06-16
Under Contract Date: 2018-05-21
Close of Escrow Date: 2018-06-15
Sold Price: $295,000
Legal Info
Township: 1N
Range: 5E
Section: 19
Lot Number: 46
Income & Expenses
Annual Elec Exp: 378
Annual Ins Exp: 850
Annual Landscape Exp: 471
Annual Wtr/Swr Exp: 2725
Owner Association: No
Operating Exp: 5258
Gross Annual Sch Inc: 28968
Adjusted Gross Inc: 28968
Totl Mnth Rntal Inc: 2414
Net Operating Income: 23530
Pmt & Rate Info
Cap Rate: 7.98
Equity: 295000
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 805
Avg SqFt: 650
# Baths: 15
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Basement
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Fixed
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: VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Market Advisory Listing Office: Bullseye Property Management, LLC
Last Updated: June - 16 - 2018
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