444 W Ivyglen Street, Mesa, AZ 85201

$815,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $815,000 Last Modified: 4/14/2025

Overview

Description

Amazing single level, 4 Plex, built in 2002 with block construction this property does not compare to the 1980 stucco built in the area. These units are individually metered for Water and Electric. The owners have maintained and improved this property since 2013 purchase with updated bathrooms, kitchens and tile. The units are 2 bedroom/2 bath with individual washer/dryers in each unit, covered parking and storage sheds. This property is located in the desirable neighborhood of west Mesa and close to everything imaginable. Residents enjoy the accessibility to downtown Mesa's museums, theaters, and nightlife: ASU, Mesa Riverview, Tempe Marketplace, Cubs Stadium and freeway access. Land available next to property-MLS 6405511. Do not disturb tenants-Drive by only/do not walk the property.

Listing Details MLS# 6405513

Location, Tax & Legal

Map Code/Grid
Q38
House Number
444
Compass
W
Street Name
Ivyglen
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Country
US
County Code
Maricopa
Assessor Number
135-11-002-F
Tax Year
2021
Assessor's Map #
11
Assessor's Parcel #
2
Assessor Parcel Ltr
F
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
1960
Legal
BEG AT PT 497' W & 33' N OF SE COR OF NE4 SE4 NE4 TH N 255.48' M/L TO PT ON S LN OF N 373' OF NE4 SE4 NE4 TH W 60' TH S
Marketing Name
Great 2002 4 Plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
59.95x256.04x59.95x255.92
Year Built
2002
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MH
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Whittier Elementary School
Jr. High School
Whittier Elementary School - Mesa
High School
Westwood High School

Remarks Misc

Cross Street
Country Club/N Loop 202
Directions
South on Country Club/West on Ivyglen Street, property on North side of the street.

Status Change Info

Off Market Date
2022-06-25
Under Contract Date
2022-06-25
Close of Escrow Date
2022-07-04

Legal Info

Lot Number
-

More Information

Income Expenses

Gross Annual Sch Inc
62400
Net Operating Income
60400

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
750
Avg SqFt
850
# Baths
2

Contact Info

List Agent Home Phn
480-616-4433

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

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Building(s) Only
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
1960
Other Income
0
Vacancy Allowance
0.2
Adjusted Gross Inc
49920
Total Monthly Rental Income
5200

Pmt & Rate Info

Cap Rate
7.56
Equity
799000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Partially Fenced
Yes
Cable TV Available
Yes

Interior Features

Unfurnished
Yes
Vertical Blinds
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

Disposal
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

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Other
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Building(s) Only Community Features: Other; See Remarks Exterior Amenities: Partially Fenced; Cable TV Available Interior Features: Unfurnished; Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: Other Tenant Pays: Water; Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Phone Call Lockbox Type: None New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: HC Realty
Last Updated: April - 14 - 2025
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