253 S Doran, Mesa, AZ 85204
$805,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$805,000
Last Modified:
4/13/2025
Description
253 South Doran is a 4-unit property built in 1981. The property consists of (4) two-bedroom / one-bathroom units. The units are individually metered for electricity and have individual water heaters. Tenants enjoy in-suite washer / dryer, yards, and at-unit parking. All areas of the Phoenix Valley are accessible from 253 S Doran by way of the Red Mountain Freeway (Loop 202), Superstition Freeway (US 60), and Price Freeway (Loop 101). 253 S Doran is located in a high rent growth area. According to the Zumper National Rent Report, Mesa experienced a 21% Rent Growth in 2021. Residents enjoy close proximity to Downtown Mesa and a Metro Light Rail station.
More Information MLS# 6402805
Contract Info
Ownership: Fee Simple
Current Price: $805,000
Sold Price: $805,000
Status: Closed
List Date: 2022-05-19
Location, Tax & Legal
Assessor's Map #: 14
Assessor's Parcel #: 15
Assessor Parcel Ltr: L
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 1495
Legal: HIBBERT-ALLEN ACRES MCR 14/41 N2 LOT 12 EX E 167F TH/OF & EX W 175F TH/OF
Marketing Name: 253 Doran
Map Code/Grid: R39
House Number: 253
Compass: S
Street Name: Doran
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
County Code: Maricopa
Assessor Number: 138-14-015-L
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: unknown
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1981
Zoning: RM-4
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1495
Other Income: 3400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 3298.97
Pmt & Rate Info
Cap Rate: 6.37
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 855
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Broadway & Stapley
Directions: North to Dana. East to Doran. South to property.
Geo Lat: 33.410124
Geo Lon: -111.802901
Status Change Info
Off Market Date: 2022-06-17
Under Contract Date: 2022-06-17
Close of Escrow Date: 2022-07-25
Sold Price: $805,000
Legal Info
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 1
Net Operating Income: 54106
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Other
Floors: Ceramic Tile
Sale Includes: Other (See Remarks)
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: See Remarks
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: None
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Conventional; 1031 Exchange; Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
ABI Multifamily
Last Updated: April - 13 - 2025
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