$5,000,000
Mesa, AZ 85201
MLS# 6363622
Status: Closed
1 / 71
Property Description
Featuring 5 out of the 6 buildings of the multifamily complex located at 1645 N Date near Downtown Mesa. Each building is 2 stories and consist of (4) 2-Bedroom/1-Bath units. These newly renovated (20) 2-Bedroom/1-Bath units feature upgraded flooring throughout, in-unit laundry, beautifully remodeled galley kitchens complete with new appliances and new white cabinetry. This property is located in the deirable neighborhood of west Mesa and close to everything imaginable. Residents enjoy the accessibility to downtown Mesa's museums, theaters, and nightlife: ASU, Mesa Riverview, Tempe Marketplace, Tempe Town Lake, Downtown Mesa, and the new Chicago Cubs Stadium. Accessible freeways: 202, 101, and the 60.] Management continues to increase rents. Offering In Documents tab.
Details
Contract Info
Ownership: Fee Simple
Current Price: $5,000,000
Sold Price: $5,000,000
Status: Closed
List Date: 2022-03-03
Location, Tax & Legal
Building Number: 111
Assessor's Map #: 11
Legal Description (Abbrev): MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F
Assessor's Parcel #: 8
Assessor Parcel Ltr: M
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 421101
Taxes: 1456
Legal: MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F
Marketing Name: The Date Villas
Map Code/Grid: Q38
House Number: 1645
Compass: N
Street Name: DATE
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 2160
County Code: Maricopa
Subdivision: MCLELLAN ACRES BLK 2
Assessor Number: 135-11-008-M
Tax Year: 2021
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 40
Lot Size Dimensions: 7013
Total # of Units: 20
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Whitman Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Year Built: 1984
Zoning: M-H
Legal Info
Range: 5E
Section: 9
Township: 1N
Block: 1
Lot Number: 1
Project Type
Four Plex: 1
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 8678
Annual Land Lse Exp: 0
Annual Landscape Exp: 5625
Annual Legal & Acctg: 0
Annual Maint Exp: 13276
Annual Mgmt Exp: 12000
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 12265
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 53300
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 4.85
Down Payment: 0
Equity: 5000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 20
Avg Rent: 1322.87
Avg SqFt: 820
# Baths: 10
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Country Club Dr & McKellips Rd
Directions: Head south on Country Club Dr, West on Ivyglen St, South on Date. Complex is on the corner lot at the left side.
Geo Lat: 33.445422
Geo Lon: -111.843687
Status Change Info
Off Market Date: 2022-03-22
Under Contract Date: 2022-03-17
Close of Escrow Date: 2022-06-06
Sold Price: $5,000,000
Income Expenses
Net Operating Income: 242316.37
Property Features
Project Type: Four Plex; 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage
Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: <1 Space Per Unit; Assigned
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: Other (See Remarks)
Listing Office: Urbanity Properties
Last Updated: April - 07 - 2025
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