514 S BELLVIEW Road, Mesa, AZ 85204

$715,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $715,000 List Date: 1/02/2025 Last Modified: 6/18/2025

Overview

Description

This well-maintained 4-unit building offers an excellent opportunity for investors or owner-occupants. Each unit features 2 spacious bedrooms, 1 full bath, and comfortable living areas designed for easy, low-maintenance living. Located in a desirable neighborhood with convenient access to local amenities, shopping, and public transportation, this property offers consistent rental income potential.

Listing Details MLS# 6799037

Location, Tax & Legal

House Number
514
Compass
S
Street Name
BELLVIEW
St Suffix
Road
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
2588
Country
US
County Code
Maricopa
Subdivision
LYDIA ALLEN TRACT
Assessor Number
139-23-034-B
Tax Year
2024
Assessor's Map #
23
Legal Description (Abbrev)
LYDIA ALLEN TR MCR 29/21 TH PT LOT 11 DAF BEG AT NW COR LOT 11 TH E 100F TH S 63.83F TPOB TH E 186F
Assessor's Parcel #
34
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421902
Taxes
1453
Legal
LYDIA ALLEN TR MCR 29/21 TH PT LOT 11 DAF BEG AT NW COR LOT 11 TH E 100F TH S 63.83F TPOB TH E 186F
Marketing Name
4 pelx

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
186 by 63
Year Built
1982
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
Rm-4
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Status Change Info

Off Market Date
2025-05-02
Under Contract Date
2025-04-22
Close of Escrow Date
2025-06-13

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
11

More Information

Income Expenses

Gross Annual Sch Inc
70800
Net Operating Income
67260

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1475
Avg SqFt
780
# Baths
4

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Buyer - B
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Other
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Annual Wtr/Swr Exp
4500
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
5953
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
67260

Pmt & Rate Info

Cap Rate
8.98
Equity
749000
Down Payment %
20
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes

Electric

City Electric
Yes
Other (See Remarks)
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
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: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Other Sale Includes: Other (See Remarks) Community Features: No Pool Appliances Included: Built-In Range; Refrigerator Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric; Other (See Remarks) Gas: None Parking Features: On Street; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Gile Commercial Real Estate
Last Updated: June - 18 - 2025
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