461 S OLIVE, Mesa, AZ 85204

$240,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $240,000 List Date: 8/24/2018 Last Modified: 7/02/2026

Overview

Description

GREAT INVESTMENT OPPORTUNITY.HIGH DEMAND.LONG TERM TENANTS. ALL UNITS ARE 2 BEDROOM 1 BATH WITH TILE T/O. NEW DUAL PANE WINDOWS INSTALLED T/O. OWNER IS IN THE PROCESS OF REPLACING 3 HVAC UNITS. ALL UNITS HAVE COVERED PARKING AND EXT STORAGE CLOSET. 30 YEAR ROOF INSTALLED 2010. ALL UNITS ARE INDIVIDUALLY METERED.*** TENANTS PAY ALL UTILITIES*** INCLUDING WATER,SEWER, AND TRASH.PROPERTY HAS IRRIGATION RIGHTS. RENTS ARE 550 AND TENANTS PAY ALL UTILITIES. RENTS ARE BELOW MARKET.... OWNER WILL PROVIDE A HVAC SERVICE REPORT AND REPLACE 3 OF THE 4 UNITS WITH ACCEPTED FULL PRICE OFFER.PICURES DON'T SHOW THE NEW WINDOWS THAT WERE JUST INSTALLED. I WILL UPDATE PICTURES OVER THE WEEKEND.

Listing Details MLS# 5806263

Location, Tax & Legal

Map Code/Grid
R39
House Number
461
Compass
S
Street Name
OLIVE
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
2518
Country
US
County Code
Maricopa
Subdivision
LYNWOOD TRACT LOTS 25-32
Assessor Number
139-23-075-B
Tax Year
2017
Assessor's Map #
23
Legal Description (Abbrev)
LOT 16 LYNWOOD TRACT LOTS 25-32 MCR 002119
Assessor's Parcel #
75
Assessor Parcel Ltr
B
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
421902
Taxes
1176
Legal
LOT 16 LYNWOOD TRACT LOTS 25-32 MCR 002119
Marketing Name
N/A

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
6,675
Year Built
1980
Uncvrd Parking Spcs
6
Total # of Units
4
# of Buildings
2
Zoning
M-H
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Lowell Elementary School
Jr. High School
Mesa Junior High School
High School
Mesa High School

Remarks Misc

Cross Street
Mesa Dr and Broadway Rd
Directions
EAST ON BROADWAY PAST MESA DR,RIGHT ON OLIVE, PROPERTY LOCATED ON THE LEFT(EAST) SIDE OF OLIVE.

Status Change Info

Off Market Date
2018-08-29
Under Contract Date
2018-08-28
Close of Escrow Date
2018-09-11

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
16

More Information

Income Expenses

Gross Annual Sch Inc
25320

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
550
# Baths
Yes

Contact Info

List Agent Home Phn
602-390-6166
List Agent Cell Phn2
602-390-6166

Sold Info

Loan Type
Cash
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
Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
960
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
3000
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
6336
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
25320

Pmt & Rate Info

Down Payment
0
Equity
350000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes
Play Area
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Amenities

Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
Paved
Yes
Add'l Parking Avail
Yes
Assigned
Yes

Electric

City Electric
Yes

Gas

None
Yes

Owner Pays

Landscaping
Yes

New Financing

Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Owner/Agent
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

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; Brick Veneer Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Play Area Exterior Amenities: Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal Heating: Heat Pump Cooling: Electric; Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: Carport; On Street; Add'l Parking Avail; Assigned; Paved Road Surface Type: Concrete Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent 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: FHA; Conventional; No Carry Environmental: None
IDX
Listing Office: World Class Properties
Last Updated: July - 02 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.