449 N WILLIAMS, Mesa, AZ 85203
$800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$800,000
Last Modified:
4/19/2025
Description
449 North Williams was originally built in 1963 and extensively renovated in 2022. The property features solid block construction and an attractive unit mix, consisting of four 2-bedroom / 1-bathroom units that average 950 square feet. The current operator spared no expense during the renovations. All units have been outfitted with new vinyl-plank flooring, ceiling fans, fresh paint, kitchen appliance packages, cabinets, countertops, bathroom vanities, shower / tub enclosures, and the installation of in-suite washers and dryers. Exterior upgrades include fresh paint throughout, replacement of the plumbing mainline, new windows, in-unit water heaters, and more.
More Information MLS# 6792447
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2024-12-04
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): LOT 50 KO KO PALMS 2 LOTS 34-76 MCR 010310
Assessor's Parcel #: 50
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420800
Taxes: 1494
Legal: LOT 50 KO KO PALMS 2 LOTS 34-76 MCR 010310
Marketing Name: Williams Apartments
House Number: 449
Compass: N
Street Name: WILLIAMS
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7420
County Code: Maricopa
Subdivision: KO KO PALMS 2 LOTS 34-76
Assessor Number: 137-37-050
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 103.92x83.20x105.17x83.21
Total # of Units: 4
Year Built: 1963
Zoning: RM-3
Legal Info
Range: 5E
Section: 13
Township: 1N
Lot Number: 50
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stone: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1494
Other Income: 3000
Vacancy Allowance: 0.07
Adjusted Gross Inc: 73098
Pmt & Rate Info
Cap Rate: 6.03
Equity: 900000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Central: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1533
Avg SqFt: 950
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.424372
Geo Lon: -111.794567
Status Change Info
Off Market Date: 2025-03-25
Under Contract Date: 2025-02-28
Close of Escrow Date: 2025-04-18
Sold Price: $800,000
Income Expenses
Gross Annual Sch Inc: 75600
Net Operating Income: 54270
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stone
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Central
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: Carport; 1 Space/Unit
Road Surface Type: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office:
ABI Multifamily
Last Updated: April - 19 - 2025
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