425 E BROWN Road, Mesa, AZ 85203
$2,675,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,675,000
Last Modified:
12/08/2024
Overview
Description
Listing Details MLS# 5423024
Location, Tax & Legal
- Map Code/Grid
- Q39
- House Number
- 425
- Compass
- E
- Street Name
- BROWN
- St Suffix
- Road
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85203
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 137-32-385-C
- Tax Year
- 2015
- Building Number
- 425
- Assessor's Map #
- 32
- Assessor's Parcel #
- 385
- Assessor Parcel Ltr
- C
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Taxes
- 10321
- Tax District
- mesa
- Legal
- MOUNTAIN VIEW CONDOMINIUMS MCR 890-07
- Marketing Name
- Mountain View Condo Renta
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Rectangular
- Year Built
- 1973
- Uncvrd Parking Spcs
- 18
- Total # of Units
- 30
- # of Buildings
- 3
- Zoning
- RM-4
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- Brown and Mesa Roads
- Directions
- At the intersection of Brown and Mesa Roads
Status Change Info
- Off Market Date
- 2016-06-01
- Under Contract Date
- 2016-05-31
- Close of Escrow Date
- 2016-08-10
Legal Info
- Lot Number
- TOO LARGE TO LIST
More Information
2 Bedroom Units
- # 2 Bedroom Units
- 18
- Avg Rent
- 650
- Avg SqFt
- 745
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- 12
- Avg Rent
- 798
- Avg SqFt
- 990
- # Baths
- 2
Income Expenses
- Gross Annual Sch Inc
- 263448
- Net Operating Income
- 193273
Contact Info
- List Agent Home Phn
- 480-767-3001
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession to Seller
- Yes
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- Yes
- Seller Concession $/%
- $
Project Type
- 25 - 50 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- Yes
Income & Expenses
- Annual Elec Exp
- 5019
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3900
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 21000
- Annual Mgmt Exp
- 11654
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 16981
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 7500
- Annual Other Expense
- 21200
- Operating Exp
- 97575
- Other Income
- 27900
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 276780.6
- Total Monthly Rental Income
- 21285
Pmt & Rate Info
- Cap Rate
- 7.17
- Down Payment
- 0
- Equity
- 2695000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
- Partially Fenced
- Yes
- Curb(s) & Gutter(s)
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >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
- No Carry
- 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
- ALTA Survey Availbl
- Yes
- None
- 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
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
25 - 50 Units
Construction:
Block
Const - Finish:
Painted; Stucco
Roofing:
Foam
Floors:
Concrete; Ceramic Tile; Carpet
Sale Includes:
Building(s) Only
Community Features:
Pool; Barbecue
Exterior Amenities:
Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Curb(s) & Gutter(s); Separate Storage
Interior Features:
Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
>1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
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:
No Carry
Environmental:
None
Listing Office:
Keller Williams Arizona Realty
Last Updated: December - 08 - 2024
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.