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

Overview

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.

Listing Details MLS# 5683789

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
FRASER FIELDS LOTS 17-47, 66-96
Assessor Number
138-22-069
Tax Year
2017
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
0x0
Year Built
1945
Uncvrd Parking Spcs
12
Total # of Units
12
# of Buildings
5
Zoning
Multi-Family
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

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.

Status Change Info

Off Market Date
2018-01-11
Under Contract Date
2017-12-18
Close of Escrow Date
2018-02-23

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
79

More Information

Efficiency Units

# Efficiency Units
Yes
Avg Rent
0

1 Bedroom Units

# 1 Bedroom Units
7
# Baths
Yes
Avg Rent
0

2 Bedroom Units

# 2 Bedroom Units
3
# Baths
Yes
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
Yes
# Baths
2
Avg Rent
0

Sold Info

Loan Type
Conventional
Loan Years
25
Payment Type
Balloon
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Other Type

Packaged Offering
Yes
Other (See Remarks)
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Floors

Ceramic Tile
Yes
Other
Yes

Sale Includes

Land & Building
Yes

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
Yes
Barbecue
Yes
Other
Yes
See Remarks
Yes

Heating

Electric
Yes
Natural Gas
Yes
Individual
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Curb(s) & Gutter(s)
Yes
Patio/Balcony
Yes
Separate Storage
Yes
Other (See Remarks)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Other (See Remarks)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes
W/D Hookup
Yes
Other
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Other (See Remarks)
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

4 Bedrooms Units

Avg Rent
0

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
IDX
Listing Office: Platinum Living Realty
Last Updated: December - 30 - 2024
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