2961 E CICERO Street, Mesa, AZ 85213
$749,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$749,000
Last Modified:
9/20/2024
Overview
Description
Listing Details MLS# 6735188
Location, Tax & Legal
- House Number
- 2961
- Compass
- E
- Street Name
- CICERO
- St Suffix
- Street
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85213
- Zip4
- 7888
- Country
- US
- County Code
- Maricopa
- Subdivision
- UNIVERSITY VILLA EAST
- Assessor Number
- 140-11-380
- Tax Year
- 2023
- Assessor's Map #
- 11
- Legal Description (Abbrev)
- LOT 19 UNIVERSITY VILLA EAST MCR 025319
- Assessor's Parcel #
- 380
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 420704
- Taxes
- 2054
- Tax District
- 04
- Legal
- LOT 19 UNIVERSITY VILLA EAST MCR 025319
- Marketing Name
- University Villa
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Unknown
- Year Built
- 1987
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- RM-3
- Flood Zone
- No
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- Lindsey / University
- Directions
- East on University to Roca. Left to Cicero
Status Change Info
- Off Market Date
- 2024-08-26
- Under Contract Date
- 2024-07-30
- Close of Escrow Date
- 2024-09-19
Legal Info
- Township
- 1N
- Range
- 6E
- Section
- 17
- Lot Number
- 19
More Information
Income Expenses
- Gross Annual Sch Inc
- 67200
- Net Operating Income
- 56002
Showing Notification Methods
- Showing Service
- No Showing Service Used
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1400
- Avg SqFt
- 845
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession to Seller
- 8150
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 600
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 2000
- Annual Trash Exp
- 600
- Annual Wtr/Swr Exp
- 3000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 600
- Operating Exp
- 9854
- Other Income
- 0
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 65856
- Total Monthly Rental Income
- 5600
Pmt & Rate Info
- Cap Rate
- 7.23
- Equity
- 775000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- 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
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- On Street
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- 1031 Exchange
- Yes
Special
- Incorporated Area
- 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
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- 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:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping
Interior Features:
Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; W/D Hookup
Cooling:
Electric; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
Carport; On Street; >1 Space Per Unit; Paved
Road Access Type:
Dedicated Street
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Special:
Incorporated Area
Lockbox Type:
None
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:
Cash; VA; FHA; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: September - 20 - 2024
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