1829 E BROADWAY Road, Mesa, AZ 85204
$1,050,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,050,000
Last Modified:
7/18/2017
Description
Park Ridge is a 14-unit garden-style apartment community located in a desirable north Mesa neighborhood. Built in 1972, the property is made of wood frame and stucco construction with flat roofs and is individually-metered for electricity.
The property has a unit mix consisting of one and two-bedroom floor plans that are spacious, well designed and average approximately 767 square feet. Interior unit features include fully appointed kitchens with full-size electric appliances, ceramic tile flooring, vertical blinds, and ceiling fans.
More Information MLS# 5588970
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
List Date: 2017-04-11
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): LOT 39 REPLAT OF PARK RIDGE OF MESA AMD MCR 009609
Assessor's Parcel #: 144
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421802
Taxes: 3027.14
Legal: LOT 39 REPLAT OF PARK RIDGE OF MESA AMD MCR 009609
Marketing Name: Park Ridge
Map Code/Grid: R39
House Number: 1829
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2450
County Code: Maricopa
Subdivision: REPLAT OF PARK RIDGE OF MESA AMD
Assessor Number: 139-01-144
Tax Year: 2016
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 126' x 139.11' x 146' x 119.11'
Total # of Units: 14
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1972
Zoning: RM-4
Legal Info
Range: 5E
Section: 25
Township: 1N
Lot Number: 39
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3027.14
Other Income: 1400
Vacancy Allowance: 0.1
Adjusted Gross Inc: 124920
Pmt & Rate Info
Cap Rate: 7.53
Down Payment: 315000
Equity: 1050000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Community Features
No Pool: 1
Heating
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Vertical Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 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/Unit: 1
Electric
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Gas: 1
New Financing
Conventional: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 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
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-735-5634
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 675
Avg SqFt: 560
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 10
Avg Rent: 875
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.407766
Geo Lon: -111.791757
Status Change Info
Off Market Date: 2017-05-11
Under Contract Date: 2017-05-11
Close of Escrow Date: 2017-06-29
Sold Price: $1,050,000
Income Expenses
Gross Annual Sch Inc: 137400
Net Operating Income: 79053
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up; Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Unfurnished; Vertical Blinds
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Gas
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
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: Conventional
Environmental: None
Listing Office:
CBRE, Inc
Last Updated: July - 18 - 2017
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