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
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.
More Information MLS# 6694492
Contract Info
Ownership: Other (See Remarks)
Current Price: $900,000
Sold Price: $900,000
Status: Closed
List Date: 2024-04-19
Location, Tax & Legal
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
House Number: 228
Compass: N
Street Name: MACDONALD
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6650
County Code: Maricopa
Subdivision: MESA ARIZONA
Assessor Number: 138-58-031
Tax Year: 2023
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 18
Lot Size Dimensions: 331.4x67
Total # of Units: 9
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
Year Built: 1973
Zoning: R-3
Legal Info
Range: 5E
Section: 22
Township: 1N
Lot Number: 8
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Window/Wall Unit(s): 1
See Remarks: 1
Cooling
Window/Wall Unit: 1
See Remarks: 1
Exterior Amenities
Green Landscaping: 1
Tenant Pays
Gas: 1
Water: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Paved: 1
Electric
City Electric: 1
Gas
City Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 650
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 795
Avg SqFt: 800
# 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: SE CORNER OF UNIVERSITY DR/COUNTRY CLUB RD
Geo Lat: 33.420442
Geo Lon: -111.834807
Status Change Info
Off Market Date: 2024-09-19
Under Contract Date: 2024-09-19
Close of Escrow Date: 2024-10-11
Sold Price: $900,000
Income Expenses
Gross Annual Sch Inc: 111600
Net Operating Income: 92664
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)
Listing Office:
Berkshire Hathaway HomeServices Arizona Properties
Last Updated: May - 05 - 2025
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