2737 N SALEM, Mesa, AZ 85215

$795,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $795,000 Last Modified: 9/30/2024

Overview

Description

This fourplex is located in the Red Mountain area of North Mesa. It consists of three 2 bed/2 bath units and one 2 bed/1 bath unit. Rents can be easily raised.

Listing Details MLS# 6763843

Location, Tax & Legal

House Number
2737
Compass
N
Street Name
SALEM
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85215
Zip4
1464
Country
US
County Code
Maricopa
Subdivision
LOMA VISTA
Assessor Number
141-80-383
Tax Year
2023
Assessor's Map #
80
Legal Description (Abbrev)
LOT 4 LOMA VISTA MCR 024424
Assessor's Parcel #
383
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420206
Taxes
2284
Legal
LOT 4 LOMA VISTA MCR 024424
Marketing Name
Loma Vista

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1985
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
Multi
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
South of McDowell & West of Recker

Status Change Info

Off Market Date
2024-09-28
Under Contract Date
2024-09-27
Close of Escrow Date
2024-09-30

Legal Info

Township
1N
Range
6E
Section
2
Lot Number
4

More Information

Income Expenses

Gross Annual Sch Inc
50700
Net Operating Income
35608

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1056
Avg SqFt
809
# Baths
2

Sold Info

Loan Type
Carryback
Loan Years
5
Payment Type
Interest Only
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
2500
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes
Foam
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2284
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
49179

Pmt & Rate Info

Cap Rate
4.48
Equity
795000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Other
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Access Type

Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes
Paved
Yes
Assigned
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile; Foam Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Sidewalk(s); Patio/Balcony; Separate Storage Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Central; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: On Street; 1 Space/Unit; Assigned; Paved Road Access Type: Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: Other New Financing: Cash; Conventional; Owner May Carry Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: September - 30 - 2024
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