1846 N PIMA Street, Mesa, AZ 85201

$690,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $690,000 Last Modified: 12/30/2023

Overview

Description

Very well maintained 4-plex with three 2 bedroom/1 bath units and one large 1 bedroom/1 bath unit. Each unit has a separate indoor storage area. All units come with a washer/dryer, dishwasher, garbage disposal along with LED lightbulbs in every fixture, solar screens on all windows and metal privacy doors. Eight parking spaces with four covered spaces. Completely fenced yard with a locked cluster mailbox unit. Well landscaped with desert xeriscape plantings as well as irrigation to newer plantings. Two tenants are long term stable tenants and two newer tenants have recently been added - October 2023 and August 2023. This was the owner's primary residence for five years so Unit 4 has many upgrades. Exterior paint in 2018 and all units have been repainted within the last 3 years.

Supplements: Unit 2 had new laminate commercial flooring installed in January of 2023 and Unit 4 had new carpet in 2018. A short walk to the city bus stop and easy freeway access.

Listing Details MLS# 6637229

Location, Tax & Legal

House Number
1846
Compass
N
Street Name
PIMA
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
1836
Country
US
County Code
Maricopa
Subdivision
OLD WEST VALLEY
Assessor Number
136-23-284-A
Tax Year
2023
Assessor's Map #
23
Legal Description (Abbrev)
OLD WEST VALLEY MCR 184/6 LOT 9 & ALSO S 30.67F L OT 10
Assessor's Parcel #
284
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Maricopa - CITY
Census Tract
420501
Taxes
1284
Legal
OLD WEST VALLEY MCR 184/6 LOT 9 & ALSO S.30.67F L OT 10
Marketing Name
None

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
13,068
Year Built
1980
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
M-H
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
High School
Mesa High School

Remarks Misc

Cross Street
McKellips & Center
Directions
From the 202 Loop Freeway, take Mckellips exit #12. East to Center. South to Jasmine. East to Pima. South to property.

Status Change Info

Off Market Date
2023-12-08
Under Contract Date
2023-12-07
Close of Escrow Date
2023-12-29

Legal Info

Township
1N
Range
5E
Section
10
Lot Number
9

More Information

Income Expenses

Gross Annual Sch Inc
53016
Net Operating Income
45228

Showing Notification Methods

Showing Service
No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1250
Avg SqFt
810
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1066
Avg SqFt
810
# Baths
Yes

Contact Info

List Agent Home Phn
602-620-4456

Sold Info

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

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2196
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2400
Annual Mgmt Exp
0
Annual Trash Exp
392
Annual Wtr/Swr Exp
2800
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
9072
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
53016
Total Monthly Rental Income
4418

Pmt & Rate Info

Cap Rate
6.03
Down Payment
0
Equity
750000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Interior Features: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: 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
IDX
Listing Office: Built By Referral Rlty Grp 02
Last Updated: December - 30 - 2023
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