21 N FRASER Drive E, Mesa, AZ 85203
$1,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,000,000
Last Modified:
12/30/2024
Description
Extremely well-maintained & upgraded 12 unit assemblage in the Fraser Fields Historic District in Downtown Mesa. Right off Main Street & under a 1/2 mile to the nearest light rail station, yet surrounded by well-kept SF owner-occupied homes. Seller will be completing a 1031 tax-deferred exchange. The properties include four separate parcels: 33-41 N. Horne (5 unit bldg), 21-23-25 N. Fraser Dr E (3 unit bldg), 17-19 N. Fraser Dr E (2 unit bldg), & 9-11 N. Fraser Dr E (2 SF houses). Well-over $250,000 in upgrades over last few years. **Note OM in documents tab for more information. Expenses estimated. Buyer to complete & rely on own due diligence. No interior showings w/o accepted offer. Drive-by only, please do not disturb tenants.
More Information MLS# 5683789
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2017-10-25
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): LOT 79 FRASER FIELDS LOTS 17-47, 66-96 MCR 003435
Assessor's Parcel #: 69
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421502
Taxes: 0
Legal: Multiple legal descriptions, see semi-private remarks for parcel #'s.
Marketing Name: Fraser Fields 12 Mesa
Map Code/Grid: R39
House Number: 21
Compass: N
Street Name: FRASER
St Suffix: Drive
St Dir Sfx: E
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
County Code: Maricopa
Subdivision: FRASER FIELDS LOTS 17-47, 66-96
Assessor Number: 138-22-069
Tax Year: 2017
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 12
Lot Size Dimensions: 0x0
Total # of Units: 12
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1945
Zoning: Multi-Family
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 79
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Other (See Remarks): 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Other (See Remarks): 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Other: 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: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 1020000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Barbecue: 1
Other: 1
See Remarks: 1
Heating
Electric: 1
Natural Gas: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Patio/Balcony: 1
Separate Storage: 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Other (See Remarks): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Other: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 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
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 0
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 0
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 0
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 25
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Main Street and Horne
Directions: Assemblage: 33-41 N. Horne is a 5 unit bldg. 2 blk away is 21-23-25 E. Fraser Dr. E, a 3 unit bldg; next is 9-11 E. Fraser Dr. E, 2 SF's, then 17-19 E. Fraser Dr. E, a 2 unit bldg. 1 block f/ Main St.
Geo Lat: 33.41614
Geo Lon: -111.811109
Status Change Info
Off Market Date: 2018-01-11
Under Contract Date: 2017-12-18
Close of Escrow Date: 2018-02-23
Sold Price: $1,000,000
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering; Other (See Remarks)
Construction: Block; Wood Frame
Const - Finish: Other (See Remarks)
Roofing: Other
Floors: Ceramic Tile; Other
Sale Includes: Land & Building
Community Features: No Pool; Barbecue; Other; See Remarks
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Patio/Balcony; Separate Storage; Other (See Remarks)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; W/D Hookup; Other
Heating: Natural Gas; Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Carport; >1 Space Per Unit; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
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: Other (See Remarks)
Environmental: None
Listing Office:
Platinum Living Realty
Last Updated: December - 30 - 2024
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