1050 S STAPLEY Drive 65, Mesa, AZ 85204

$950,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $950,000 Last Modified: 11/07/2017

Overview

Description

BULK SALE OF 21 REMAINING UNITS AT PARAGON PLACE CONDOMINIUMS NEAR STAPLEY/SOUTHERN. ALL UNITS RENTED ON LONG TERM LEASE AGREEMENTS WITH SECURITY DEPOSITS IN PLACE. 20X 2/2, 1X 3/2; ALL FULLY REMODELED AND UPDATED WITH NEW PAINT, FLOORINGS, DOORS, FIXTURES, CABINETS, SS APPLIANCES, ETC. COMMUNITY AMENITIES INCLUDE HEATED POOL, CLUBHOUSE, FITNESS. COMMUNITY IS FHA APPROVED. HEALTHY HOA IS PROF MANAGED WITH A RESERVE ACCOUNT. GENERATES APPX 9% NOI.

Listing Details MLS# 4622625

Location, Tax & Legal

Map Code/Grid
R39
House Number
1050
Compass
S
Street Name
STAPLEY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
5044
Country
US
County Code
Maricopa
Subdivision
PARAGON PLACE CONDOMINIUMS
Assessor Number
139-15-126
Tax Year
2010
Unit #
65
Assessor's Map #
15
Legal Description (Abbrev)
VILLAS AT SUNLAND CONDOMINIUMS
Assessor's Parcel #
126
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421901
Taxes
721
Legal
VILLAS AT SUNLAND CONDOMINIUMS MCR 821-49 UNIT 65 (PLEASE NOTE:
Marketing Name
PARAGON PLACE CONDOS

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
see comments
Year Built
1979
Uncvrd Parking Spcs
20
Total # of Units
21
# of Buildings
5
Zoning
RES
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Holmes Elementary School
High School
Mesa High School

Remarks Misc

Cross Street
US 60 & Stapley Dr.
Directions
US 60 & Stapley Dr. Directions: US 60 TO STAPLEY EXIT (EXIT 181), GO LEFT (NORTH) ON STAPLEY (PASS SOUTHERN ONE BLK) TO COMMUNITY ON WEST SIDE OF STREET

Status Change Info

Off Market Date
2011-10-29
Under Contract Date
2011-10-29
Close of Escrow Date
2011-11-30

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
65

More Information

Income Expenses

Gross Annual Sch Inc
201540
Net Operating Income
105241

2 Bedroom Units

# 2 Bedroom Units
20
Avg Rent
795
Avg SqFt
1007
# Baths
20

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
895
Avg SqFt
1107
# Baths
20

Contact Info

List Agent Home Phn
480-254-6444

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Foam
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
400
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
12600
Annual Mgmt Exp
16123
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
Yes
Annual Ownr Asoc Fee
45360
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Other Income
3023
Vacancy Allowance
10000
Adjusted Gross Inc
2045425437

Pmt & Rate Info

Cap Rate
8.77
Down Payment
0
Equity
1200000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes
Heated Pool(s)
Yes
Clubhouse
Yes
Exercise Room
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Other
Yes
See Remarks
Yes

New Financing

No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up; Foam Floors: Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: Pool; Heated Pool(s); Clubhouse; Exercise Room Exterior Amenities: Fenced; Cable TV Available; Patio/Balcony; Separate Storage Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; W/D Hookup Cooling: Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Other; See Remarks Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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: No Carry Environmental: None
IDX
Listing Office: RE/MAX Excalibur
Last Updated: November - 07 - 2017
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