47 N HORNE Road, Mesa, AZ 85203
$1,325,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,325,000
Last Modified:
2/06/2026
Overview
Description
Listing Details MLS# 6140995
Location, Tax & Legal
- Map Code/Grid
- R39
- House Number
- 47
- Compass
- N
- Street Name
- HORNE
- St Suffix
- Road
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85203
- Zip4
- 8751
- Country
- US
- County Code
- Maricopa
- Subdivision
- FRASER FIELDS LOTS 17-47, 66-96
- Assessor Number
- 138-22-010
- Tax Year
- 2020
- Assessor's Map #
- 22
- Legal Description (Abbrev)
- FRASER FIELDS LOT 23 W2
- Assessor's Parcel #
- 10
- Add'l Parcels
- Yes
- Tax Municipality
- Mesa
- Census Tract
- 421502
- Taxes
- 1669
- Legal
- FRASER FIELDS LOT 23 W2
- Marketing Name
- The Lowe Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 143X207
- Year Built
- 1961
- Uncvrd Parking Spcs
- 10
- Total # of Units
- 10
- # of Buildings
- 3
- Zoning
- D
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
- Elementary School
- Edison Elementary School
- Jr. High School
- Kino Junior High School
- High School
- Westwood High School
Remarks Misc
- Cross Street
- Main St & Horne
- Directions
- North to property on East side of road.
Status Change Info
- Off Market Date
- 2021-02-25
- Under Contract Date
- 2020-11-02
- Close of Escrow Date
- 2021-03-09
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 23
- Lot Number
- 23
More Information
Income Expenses
- Gross Annual Sch Inc
- 70000
- Net Operating Income
- 41000
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 700
- Avg SqFt
- 750
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 9
- Avg Rent
- 850
- Avg SqFt
- 850
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Seller Assist - A
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 75000
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2724
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 14065
- Annual Mgmt Exp
- 6100
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 7200
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 31758
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 70000
- Total Monthly Rental Income
- 5615
Pmt & Rate Info
- Cap Rate
- 3.09
- Equity
- 1325000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Play Area
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Central Air
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Curb(s) & Gutter(s)
- Yes
- Cable TV Available
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- 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
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- Free
- Yes
- 1 Space/Unit
- Yes
- Add'l Parking Avail
- Yes
- Assigned
- Yes
- Other
- Yes
Electric
- City Electric
- Yes
Gas
- City Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash to Loan
- Yes
- Conventional
- Yes
- FHA
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- 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
- Other (See Remarks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Remarks)
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building; Personal Property
Community Features:
No Pool; Play Area; Barbecue
Exterior Amenities:
Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s)
Interior Features:
Unfurnished
Appliances Included:
Built-In Range; Refrigerator; W/D Hookup
Heating:
Individual
Cooling:
Individual; Central Air
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public
Electric:
City Electric
Gas:
City Gas
Parking Features:
Carport; 1 Space/Unit; Add'l Parking Avail; Assigned; Free; Other
Road Surface Type:
Concrete
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Showing Notification Methods:
Text
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
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:
Cash to Loan; FHA; Conventional
Environmental:
Other (See Remarks)
Listing Office:
Tradelands Realty
Last Updated: February - 06 - 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.