237 S HOBSON Street, Mesa, AZ 85204

$585,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $585,000 Last Modified: 8/12/2026

Overview

Description

Wow, turn key 100% occupied, and great tenants! This is for all 7 1 bedroom units plus a single family home! These parcels were carefully assembled over the past few years. There is a tri-plex, a four-plex, and a single family home so you are able to use conventional financing for all 3 parcels. The triplex and four-plex were remodeled and are clean! These units are in the heart of the Temple District. Check out the ROI - it's great!! Includes 237, 241, and 243 S Hobson.

Listing Details MLS# 5628993

Location, Tax & Legal

Map Code/Grid
Q39
House Number
237
Compass
S
Street Name
HOBSON
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
2009
Country
US
County Code
Maricopa
Subdivision
Temple Villa
Assessor Number
138-29-006
Tax Year
2016
Assessor's Map #
29
Legal Description (Abbrev)
TEMPLE VILLA
Assessor's Parcel #
6
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
421501
Taxes
717
Legal
LOT 6 BLOCK 1 TEMPLE VILLA MCR 003514
Marketing Name
Temple Villa

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8340
Year Built
1961
Total # of Units
3
# of Buildings
Yes
Zoning
R-2
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Lowell Elementary School
Jr. High School
Kino Junior High School
High School
Mesa High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Main/Hobson
Directions
South on Hobson (halfway between Mesa Dr and Horne) from Main. Parcels are on the East side of Hobson

Status Change Info

Off Market Date
2017-10-07
Under Contract Date
2017-08-29
Close of Escrow Date
2017-10-06

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
6

More Information

1 Bedroom Units

# 1 Bedroom Units
7
Avg Rent
525
Avg SqFt
600
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
875
Avg SqFt
1200

Income Expenses

Gross Annual Sch Inc
51468
Net Operating Income
48894.6

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
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

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
980
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2000
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
3000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
6697
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
48894.6

Pmt & Rate Info

Cap Rate
8.3
Down Payment
0
Equity
589000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Other
Yes
See Remarks
Yes

Heating

Electric
Yes
Natural Gas
Yes
Individual
Yes

Cooling

Electric
Yes

Exterior Amenities

Green Landscaping
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Vertical Blinds
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Landscaping
Yes

New Financing

Conventional
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Heating: Natural Gas; Individual Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping Tenant Pays: Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner 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: Conventional Environmental: None
IDX
Listing Office: Kenneth James Realty
Last Updated: August - 12 - 2026
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