417 E 9TH Avenue, Mesa, AZ 85204

$820,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $820,000 Last Modified: 1/28/2020

Overview

Description

Super Location Near Freeway and Downtown Mesa, Easy Light Rail Access and the Many Amenities in Downtown Such As the Newly Re-engineered Pioneer Park as Well as All the New Development Along Main Street. These are All 2 Bedroom Units, Single Level with Fenced Individual Backyards and Courtyard Like Entrance Between Buildings. Lots of Opportunity Here. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction. Please Do Not Walk Property or Disturb Tenants in Any Way.

Listing Details MLS# 5928901

Location, Tax & Legal

Map Code/Grid
R39
House Number
417
Compass
E
Street Name
9TH
St Suffix
Avenue
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
4144
Country
US
County Code
Maricopa
Subdivision
CLARKSON MANOR LOT 1-9 TR A-B
Assessor Number
139-30-091
Tax Year
2018
Assessor's Map #
30
Legal Description (Abbrev)
LOT 9 CLARKSON MANOR LOT 1-9 TR A-B MCR 024333
Assessor's Parcel #
91
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
421901
Taxes
3275
Tax District
04
Legal
LOT 9 CLARKSON MANOR LOT 1-9 TR A-B MCR 024333
Marketing Name
8 Single Level Units

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1984
Uncvrd Parking Spcs
4
Total # of Units
8
# of Buildings
2
Zoning
R-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Remarks Misc

Cross Street
Mesa Dr./Southern Ave.
Directions
North from Southern to 9th Ave and Turn East. 1st 2 Buildings on South Side of 9th AVE

Status Change Info

Off Market Date
2020-01-28
Under Contract Date
2019-12-20
Close of Escrow Date
2020-01-27

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
9

More Information

Income Expenses

Gross Annual Sch Inc
70560
Net Operating Income
51711

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
825
Avg SqFt
760
# 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

5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2162
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
3600
Annual Mgmt Exp
0
Annual Trash Exp
800
Annual Wtr/Swr Exp
7000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
17437
Other Income
0
Vacancy Allowance
0.02
Adjusted Gross Inc
69148.8

Pmt & Rate Info

Cap Rate
6.27
Down Payment
0
Equity
825000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

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

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Assigned
Yes

Electric

City Electric
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
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: 5 - 12 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; W/D Hookup Cooling: Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: City Electric Gas: None Parking Features: Carport; >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Special: Incorporated Area Showing Notification Methods: Phone Call 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: Conventional Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 28 - 2020
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