228 N MACDONALD, Mesa, AZ 85201

$900,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $900,000 List Date: 4/25/2024 Last Modified: 5/05/2025

Overview

Description

INVESTORS DREAM! This 9-unit multi-family property consists of a large lot with room to build and add more units. Please do not disturb tenants, Drive by only.

Listing Details MLS# 6694492

Location, Tax & Legal

House Number
228
Compass
N
Street Name
MACDONALD
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
6650
Country
US
County Code
Maricopa
Subdivision
MESA ARIZONA
Assessor Number
138-58-031
Tax Year
2023
Assessor's Map #
58
Legal Description (Abbrev)
MESA N 67' LOT 8 BLK 28
Assessor's Parcel #
31
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421400
Taxes
2886
Legal
MESA N 67' LOT 8 BLK 28
Marketing Name
N/A

Contract Info

Ownership
Other (See Remarks)

General Property Description

Lot Size Dimensions
331.4x67
Year Built
1973
Uncvrd Parking Spcs
18
Total # of Units
9
# of Buildings
3
Zoning
R-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Eisenhower Center For Innovation
Jr. High School
Carson Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
SE CORNER OF UNIVERSITY DR/COUNTRY CLUB RD

Status Change Info

Off Market Date
2024-09-19
Under Contract Date
2024-09-19
Close of Escrow Date
2024-10-11

Legal Info

Township
1N
Range
5E
Section
22
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
111600
Net Operating Income
92664

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
8
Avg Rent
650
Avg SqFt
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
795
Avg SqFt
800
# 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

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2886
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
106020

Pmt & Rate Info

Cap Rate
7.79
Equity
1190000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Window/Wall Unit(s)
Yes
See Remarks
Yes

Cooling

Window/Wall Unit
Yes
See Remarks
Yes

Exterior Amenities

Green Landscaping
Yes

Tenant Pays

Gas
Yes
Water
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
Paved
Yes

Electric

City Electric
Yes

Gas

City Gas
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
Conventional
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other Exterior Amenities: Green Landscaping Appliances Included: Other Heating: Window/Wall Unit(s); See Remarks Cooling: Window/Wall Unit; See Remarks Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking Features: On Street; Paved Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Gas; Trash Collection Source of Fincl Data: Owner; Other (See Remarks) Showing Notification Methods: Text; Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: Other (See Remarks)
IDX
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: May - 05 - 2025
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