217 N HORNE, Mesa, AZ 85203

$750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $750,000 Last Modified: 9/19/2024

Overview

Description

This property comprises of five units and features a courtyard, offering a unique and appealing layout. Located near the ongoing rehabilitation of downtown Mesa and the Mesa LDS Temple, both of which are major drivers of community revitalization and increased property value in the area. The property presents significant upside potential through a targeted interior and exterior renovation program making it an attractive investment opportunity in a rapidly improving neighborhood.

Listing Details MLS# 6742818

Location, Tax & Legal

House Number
217
Compass
N
Street Name
HORNE
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
7930
Country
US
County Code
Maricopa
Subdivision
FRASER FIELDS LOTS 17-47, 66-96
Assessor Number
138-21-018-B
Tax Year
2023
Assessor's Map #
21
Legal Description (Abbrev)
FRASER FIELDS MCR 34/35 W2 LOT 14
Assessor's Parcel #
18
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421502
Taxes
1929
Legal
FRASER FIELDS MCR 34/35 W2 LOT 14
Marketing Name
5 on Horne

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Normal
Year Built
1971
Total # of Units
5
# of Buildings
2
Zoning
RM-2
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Horne & University

Status Change Info

Off Market Date
2024-09-19
Under Contract Date
2024-08-19
Close of Escrow Date
2024-09-18

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
14

More Information

Income Expenses

Gross Annual Sch Inc
64800
Net Operating Income
48600

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
5
Avg Rent
1080
Avg SqFt
760
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
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

Construction

Brick
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1929
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
61560

Pmt & Rate Info

Cap Rate
5.47
Equity
888000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Ceiling
Yes

Cooling

Central Air
Yes

Exterior Amenities

Green Landscaping
Yes
Desert Landscaping
Yes
Curb(s) & Gutter(s)
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Dedicated Street
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Brick Const - Finish: Other (See Remarks) Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Desert Landscaping; Curb(s) & Gutter(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Ceiling Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport Road Access Type: Dedicated Street Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: September - 19 - 2024
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.