208 S UDALL Street, Mesa, AZ 85204
$1,900,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,900,000
Last Modified:
4/21/2025
Description
Check out this location! 11 Units: 4 Duplexes and a Triplex which are comprised of 6- 1-bedroom and 5- 2-bedroom units in the Temple District all on irrigated lots. This property is located within the Opportunity Zone. Each unit has a covered parking spot. There is a separate laundry room located in the large shared community backyard. All water heaters were recently replaced. Tenants pay for electric and gas. Rents are below market and units are in high demand. Please Do Not Disturb Tenants.
More Information MLS# 6477139
Contract Info
Ownership: Fee Simple
Current Price: $1,900,000
Sold Price: $1,900,000
Status: Closed
List Date: 2022-10-14
Location, Tax & Legal
Assessor's Map #: 30
Legal Description (Abbrev): LOT 2 BUTLER TRACT MCR 002812
Assessor's Parcel #: 15
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 2615
Legal: LOT 2 BUTLER TRACT MCR 002812
Marketing Name: 11 Plex in Heart of Mesa
Map Code/Grid: R39
House Number: 208
Compass: S
Street Name: UDALL
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2018
County Code: Maricopa
Subdivision: BUTLER TRACT
Assessor Number: 138-30-015
Tax Year: 2021
General Property Description
# of Buildings: 6
Uncvrd Parking Spcs: 11
Lot Size Dimensions: irr
Flood Zone: No
Total # of Units: 11
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1953
Zoning: DR-2
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 2
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 500
Annual Gas Exp: 924
Annual Ins Exp: 3400
Annual Land Lse Exp: 0
Annual Landscape Exp: 5165
Annual Legal & Acctg: 0
Annual Maint Exp: 7000
Annual Mgmt Exp: 3729
Annual Wtr/Swr Exp: 10334
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 2075
Operating Exp: 35742
Other Income: 215
Vacancy Allowance: 0.05
Adjusted Gross Inc: 162084.25
Total Monthly Rental Income: 14200
Pmt & Rate Info
Cap Rate: 6.02
Down Payment: 0
Equity: 2100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Heat Pump: 1
Exterior Amenities
Green Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Irrigation: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Electric
City Electric: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Special
Economic Redevelopment Zone: 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
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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1200
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1400
Avg SqFt: 850
# Baths: 1
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: Main & Mesa Dr
Directions: South from Main on Mesa Dr. to 2nd ave. East to the corner of 2nd ave & Udall, the units are on the southwest corner and Udall. Do Not Disturb Tenants!
Geo Lat: 33.41104
Geo Lon: -111.821918
Status Change Info
Off Market Date: 2023-01-12
Under Contract Date: 2022-11-10
Close of Escrow Date: 2023-02-08
Sold Price: $1,900,000
Income Expenses
Gross Annual Sch Inc: 170400
Net Operating Income: 126342
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Partially Fenced; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Heat Pump
Water Source: City Franchise; Irrigation; Master Meter
Sewer: Sewer - Public
Electric: City Electric; Individual Meter
Gas: SW Gas
Parking Features: Carport; On Street; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Special: Economic Redevelopment Zone
Showing Notification Methods: Text
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: 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:
DeLex Realty
Last Updated: April - 21 - 2025
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