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Key Details
Sold Price $380,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6014994
Sold Date 02/07/20
Maintenance Fees $1,080
Year Built 1961
Annual Tax Amount $1,013
Tax Year 2019
Lot Dimensions 7,560
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
***MUST SEE INVESTMENT*** VALUE-ADD 4-plex close to the revitalized Downtown Mesa. The property is a single level made with block construction boasting a brand-new roof. All one bedroom one bathroom units are approximately 520sqft each. There are long-term tenants but the rents are below market and have leases expiring at the end of Feb. Vacant units re-lease quickly for more than $1.20/sqft. The property also includes 4 covered carport spots in back of building and has a large lot for future improvements.
Location
State AZ
County Maricopa
Zoning multifamily
Direction Head east on Broadway from Mesa Dr. Bellview will be the 5th right just before you hit Horne. It will be the last 4-plex on the right side before you reach Marilyn Ave.
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile, Vinyl
Appliance Free-Standing Range, Refrigerator
Exterior
Parking Features Add'l Parking Avail, 1 Space/Unit, Carport
Community Features Other, See Remarks, No Pool
Roof Type Rolled/Hot Mop
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 139-26-053-K
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing FHA
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Bought with Call Realty, Inc.