434 S MESA Drive, Mesa, AZ 85210

$1,910,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,910,000 Last Modified: 5/27/2015

Overview

Description

Pecan Tree is an 44-unit garden-style apartment community located in a desirable central Mesa neighborhood. Built in 1983, the property is made of wood frame and stucco construction with pitched tile roofs and is individually-metered for electricity.

Supplements: The property has a unit mix consisting of one and two bedroom floor plans that average approximately 707 square feet and are extremely well designed. Interior unit features include fully appointed kitchens with electric appliances, ceramic tile flooring, window shade screens, mini blinds, ample closet space and ceiling fans. The property is sit ...

Listing Details MLS# 5201124

Location, Tax & Legal

Map Code/Grid
R39
House Number
434
Compass
S
Street Name
MESA
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85210
Zip4
2596
Country
US
County Code
Maricopa
Assessor Number
139-36-032
Tax Year
2014
Assessor's Map #
36
Legal Description (Abbrev)
ALMOND PLACE
Assessor's Parcel #
32
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
422001
Taxes
11910.24
Legal
ALMOND PLACE E2 S2 LOT 3 EX E 7' AKA PT MCR 023-18, BLK 85
Marketing Name
Pecan Tree

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
64548
Year Built
1935
Uncvrd Parking Spcs
65
Total # of Units
44
# of Buildings
7
Zoning
R-4 and MR-4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Status Change Info

Off Market Date
2015-03-11
Under Contract Date
2015-03-01
Close of Escrow Date
2015-05-22

Legal Info

Township
1N
Range
5E
Section
27
Lot Number
3

More Information

1 Bedroom Units

# 1 Bedroom Units
21
Avg Rent
475
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
23
Avg Rent
580
Avg SqFt
800
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
265170
Net Operating Income
130901

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Conventional
Loan Years
Yes
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

25 - 50 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Tile
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11910.24
Other Income
6500
Vacancy Allowance
0.46
Adjusted Gross Inc
146701.8

Pmt & Rate Info

Cap Rate
6.42
Down Payment
0
Equity
2040000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes

Heating

Individual
Yes

Cooling

Window/Wall Unit
Yes
Individual
Yes

Exterior Amenities

Green Landscaping
Yes
Security Light(s)
Yes

Interior Features

Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
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

Paved
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Tile Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Green Landscaping; Security Light(s) Interior Features: Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Heating: Individual Cooling: Window/Wall Unit; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Master Meter Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner 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: CBRE, Inc
Last Updated: May - 27 - 2015
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