217 N HORNE, Mesa, AZ 85203
$750,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$750,000
Last Modified:
9/19/2024
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.
More Information MLS# 6742818
Contract Info
Ownership: Fee Simple
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2024-08-12
Location, Tax & Legal
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
House Number: 217
Compass: N
Street Name: HORNE
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7930
County Code: Maricopa
Subdivision: FRASER FIELDS LOTS 17-47, 66-96
Assessor Number: 138-21-018-B
Tax Year: 2023
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: Normal
Total # of Units: 5
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1971
Zoning: RM-2
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 14
Project Type
5 - 12 Units: 1
Construction
Brick: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Cooling
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Curb(s) & Gutter(s): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Dedicated Street: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1080
Avg SqFt: 760
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Horne & University
Geo Lat: 33.419325
Geo Lon: -111.81374
Status Change Info
Off Market Date: 2024-09-19
Under Contract Date: 2024-08-19
Close of Escrow Date: 2024-09-18
Sold Price: $750,000
Income Expenses
Gross Annual Sch Inc: 64800
Net Operating Income: 48600
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
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.