2610 N Recker Road, Mesa, AZ 85215
$1,310,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,310,000
Last Modified:
8/06/2021
Description
LOCATION! LOCATION! THIS IS A GREAT OPPORTUNITY TO OWN A MULTI-UNIT INVESTMENT PROPERTY IN AN AREA ATTRACTIVE TO RENTERS. THIS PROPERTY IS CONVENIENTLY LOCATED CLOSE TO THE 202 FWY, LAS SENDAS & RED MOUNTAIN AREA, AND BOEING. FEATURES INCLUDE: UPDATED POOL, NEW ROOF, FEW REMODELED UNITS, LAUNDRY FACILITY (EQUIPMENT OWNED BY OWNER), REMODELED MANAGER'S OFFICE, & PROFESSIONALLY INSTALLED CAMERAS ONSITE. CURRENTLY THIS PROPERTY IS BEING MANAGED AND MAINTAINED BY OWNER. PLEASE NOTE THAT ALL FINANCIAL INFORMATION HAS BEEN PROVIDED BY OWNER AND IS CALCULATED USING SCHEDULED RENTAL INCOME.OTHER INCOME FROM LAUNDRY FACILITY NOT INCLUDED IN THE FINANCIALS PROVIDED. BUYER TO CONDUCT ALL INSPECTIONS (INCLUDING FINANCIAL) DURING INSPECTION PERIOD. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY
More Information MLS# 4999518
Contract Info
Ownership: Fee Simple
Current Price: $1,310,000
Sold Price: $1,310,000
Status: Closed
List Date: 2013-09-16
Location, Tax & Legal
Assessor's Map #: 43
Assessor's Parcel #: 831
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 7802.68
Legal: W 230.71F OF E 263.71F OF N 208.71F OF S 238.71F LOT 1 EX E 22F TH/OF & LOMA VISTA MCR 244-24 TR B THE S 30F OF E 208.73
Marketing Name: APARTMENTS & MULTI-UNITS
Map Code/Grid: Q41
House Number: 2610
Compass: N
Street Name: Recker
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85215
County Code: Maricopa
Assessor Number: 141-43-831-A
Tax Year: 2012
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 1.14
Total # of Units: 29
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1984
Zoning: MULTI FAMILY
Legal Info
Range: 6E
Section: 2
Township: 1N
Lot Number: N/A
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 5225
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 502.25
Annual Maint Exp: 12000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 20400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 7000
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Total Monthly Rental Income: 15047
Pmt & Rate Info
Down Payment: 0
Equity: 1
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Payment Includes
Taxes: 1
Insurance: 1
Community Features
Pool: 1
Manager Res/Office: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Exterior Amenities
Other (See Remarks): 1
Tenant Pays
Electricity: 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
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Cell Phn2: 480-586-1717
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 29
Avg Rent: 518.86
# 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: RECKER & MCDOWELL
Directions: FROM MCDOWELL, SOUTH ON RECKER, PROPERTY IS ON THE WEST SIDE OF RECKER
Geo Lat: 33.463008
Geo Lon: -111.701843
Status Change Info
Off Market Date: 2014-03-26
Under Contract Date: 2014-01-10
Close of Escrow Date: 2014-03-26
Sold Price: $1,310,000
Income Expenses
Gross Annual Sch Inc: 180564
Net Operating Income: 133900.65
Property Features
Project Type: 25 - 50 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Other
Sale Includes: Land & Building; Laundry Equipment
Payment Includes: Taxes; Insurance
Community Features: Pool; Manager Res/Office
Exterior Amenities: Other (See Remarks)
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Other (See Remarks)
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: Other (See Remarks)
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: August - 06 - 2021
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.