447 S OLIVE, Mesa, AZ 85204
$890,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$890,000
Last Modified:
6/13/2024
Overview
Description
Listing Details MLS# 5597712
Location, Tax & Legal
- Map Code/Grid
- C81
- House Number
- 447
- Compass
- S
- Street Name
- OLIVE
- St Suffix
- --
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85204
- Zip4
- 2545
- Country
- US
- County Code
- Maricopa
- Subdivision
- LYNWOOD TRACT LOTS 25-32
- Assessor Number
- 139-23-069
- Tax Year
- 2016
- Assessor's Map #
- 23
- Legal Description (Abbrev)
- LOT 12 LYNWOOD TRACT LOTS 25-32 MCR 002119
- Assessor's Parcel #
- 69
- Add'l Parcels
- Yes
- Tax Municipality
- Mesa
- Census Tract
- 421902
- Taxes
- 3421
- Legal
- LOT 12 LYNWOOD TRACT LOTS 25-32 MCR 002119
- Marketing Name
- Olive Gardens
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 33,527
- Year Built
- 1977
- Uncvrd Parking Spcs
- 11
- Total # of Units
- 11
- # of Buildings
- 2
- Zoning
- Multifamily
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- Broadway and Horne
Status Change Info
- Off Market Date
- 2017-08-03
- Under Contract Date
- 2017-06-26
- Close of Escrow Date
- 2017-08-03
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 26
- Lot Number
- 12
More Information
Income Expenses
- Gross Annual Sch Inc
- 92400
- Net Operating Income
- 71850
2 Bedroom Units
- # 2 Bedroom Units
- 11
- Avg Rent
- 700
- Avg SqFt
- 782
- # 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
Other Type
- Packaged Offering
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 2000
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2397
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 200
- Annual Legal & Acctg
- 472
- Annual Maint Exp
- 1000
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1500
- Annual Wtr/Swr Exp
- 3800
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 3421
- Operating Exp
- 18211
- Other Income
- 2400
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 90060
- Total Monthly Rental Income
- 7700
Pmt & Rate Info
- Cap Rate
- 7.73
- Down Payment
- 0
- Equity
- 930000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Electric
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
Road Surface Type
- Dirt
- Yes
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- 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
- Other (See Remarks)
- 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
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
Other Type:
Packaged Offering
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl
Sale Includes:
Land & Building
Community Features:
No Pool
Appliances Included:
Refrigerator
Heating:
Natural Gas
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
1 Space/Unit
Road Surface Type:
Gravel; Dirt
Owner Pays:
Water; Trash Collection
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:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 13 - 2024
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