326 S Doran, Mesa, AZ 85204

$800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $800,000 Last Modified: 8/23/2023

Overview

Description

326 South Doran is a 4-unit property built in 1979 and constructed with wood frame and pitched asphalt roofing. The units are individually metered for electricity and hot water. Tenants enjoy in-suite washer / dryer, private backyards, and at-unit parking. All areas of the Phoenix Valley are accessible from 326 South Doran by way of the Red Mountain Freeway (Loop 202), Superstition Freeway (US 60), and Price Freeway (Loop 101). 326 South 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.

Listing Details MLS# 6394426

Location, Tax & Legal

Map Code/Grid
R39
House Number
326
Compass
S
Street Name
Doran
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Country
US
County Code
Maricopa
Assessor Number
138-14-021-L
Tax Year
2021
Assessor's Map #
14
Assessor's Parcel #
21
Assessor Parcel Ltr
L
Add'l Parcels
No
Tax Municipality
Mesa
Taxes
1397
Legal
HIBBERT-ALLEN ACRES MCR 14/41 PT LOT 16 W 150F OF S2
Marketing Name
326 Doran

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1979
Uncvrd Parking Spcs
12
Total # of Units
4
# of Buildings
Yes
Zoning
RM-4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Broadway & Stapley
Directions
North to Dana Ave, East to Doran, South to property.

Status Change Info

Off Market Date
2022-05-17
Under Contract Date
2022-05-11
Close of Escrow Date
2022-06-27

Legal Info

Lot Number
16

More Information

Income Expenses

Gross Annual Sch Inc
69900
Net Operating Income
52265

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1425
Avg SqFt
855
# Baths
Yes

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

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1397
Other Income
2900
Vacancy Allowance
0.04
Adjusted Gross Inc
69888

Pmt & Rate Info

Cap Rate
6.15
Equity
850000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

See Remarks
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

Other (See Remarks)
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes
Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
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 Roofing: Composition 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)
IDX
Listing Office: ABI Multifamily
Last Updated: August - 23 - 2023
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.