437 S Lesueur Street, Mesa, AZ 85204
$775,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$775,000
List Date:
6/06/2021
Last Modified:
3/19/2025
Overview
Description
Supplements:
Listing Details MLS# 6246674
Location, Tax & Legal
- Map Code/Grid
- R39
- House Number
- 437
- Compass
- S
- Street Name
- Lesueur
- St Suffix
- Street
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85204
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 139-24-072-b
- Tax Year
- 2020
- Assessor's Map #
- 24
- Assessor's Parcel #
- 72
- Assessor Parcel Ltr
- b
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Taxes
- 2296
- Legal
- Ed-Zel Place Plat 1 MCR 81/06 Lot 1 & Lot 2 EX S 45F TH/OF
- Marketing Name
- Ed-Zel Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 130x120
- Year Built
- 1971
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 5
- # of Buildings
- 2
- Zoning
- R3
- Flood Zone
- No
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- Broadway & Mesa Dr
- Directions
- East on Broadway to Lesueur south to property. There is no sign, please do not disturb tenants.
Status Change Info
- Off Market Date
- 2021-07-09
- Under Contract Date
- 2021-06-09
- Close of Escrow Date
- 2021-07-09
Legal Info
- Lot Number
- 1 & 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 70200
- Net Operating Income
- 49589
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1100
- Avg SqFt
- 800
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1450
- Avg SqFt
- 1100
- # Baths
- Yes
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- 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
- Block
- Yes
- Wood Frame
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Shake
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- Yes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 265
- Annual Ins Exp
- 2000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 750
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1500
- Annual Mgmt Exp
- 5650
- Annual Trash Exp
- 1800
- Annual Wtr/Swr Exp
- 2840
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 17101
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 66690
Pmt & Rate Info
- Cap Rate
- 6.44
- Down Payment
- 0
- Equity
- 770000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Partially Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Concrete
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
Electric
- City Electric
- Yes
Gas
- City Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- 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
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block; Wood Frame; Brick
Const - Finish:
Painted; Stucco
Roofing:
Shake
Floors:
Concrete; Vinyl; Carpet
Sale Includes:
Building(s) Only; Land & Building
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Green Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Features:
Unfurnished
Appliances Included:
Built-In Range; Refrigerator; W/D Hookup
Heating:
Natural Gas
Cooling:
Ceiling Fan(s); Electric
Water Source:
City Franchise
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
City Electric
Gas:
City Gas
Parking Features:
Carport; >1 Space Per Unit
Road Surface Type:
Concrete
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Projected Proforma
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
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; No Carry; 1031 Exchange
Environmental:
None
Listing Office:
My Home Group Real Estate
Last Updated: March - 19 - 2025
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