605 S COUNTRY CLUB Drive, Mesa, AZ 85210
$950,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$950,000
Last Modified:
8/06/2021
Description
SJ Fowler is excited to present an incredible and charming property with a million possibilities! There are over 2.2 acres of prime country club frontage zoned for both its current use as high density Multifamily as well as Commercial General. Property Pro forma reflects only the current occupied units up to market rents. After the 3 units in need of work are updated, the property could easily be an 8 CAP or higher. With all the unused space and location, this property has so much development and value add potential. This property will NOT last! FOR ALL RELEVANT INFORMATION FIND OM IN DOCUMENTS TAB.
More Information MLS# 6015672
Contract Info
Ownership: Fee Simple
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2019-12-18
Location, Tax & Legal
Assessor's Map #: 40
Legal Description (Abbrev): S 75F FOL DAF BEG 5F S NW COR SW4 NW4 SD SEC TH E 651F S 162.5F W 651F N 162.5F TO POB EX W 50F RD
Assessor's Parcel #: 43
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 422001
Taxes: 1636
Legal: S 75F FOL DAF BEG 5F S NW COR SW4 NW4 SD SEC TH E 651F S 162.5F W 651F N 162.5F TO POB EX W 50F RD
Marketing Name: Country Club Groves
Map Code/Grid: R39
House Number: 605
Compass: S
Street Name: COUNTRY CLUB
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 4108
County Code: Maricopa
Assessor Number: 139-40-043-C
Tax Year: 2019
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 30
Lot Size Dimensions: 2.245 Acres
Total # of Units: 13
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1948
Zoning: MF-H & C-G
Legal Info
Range: 5E
Section: 27
Township: 1N
Lot Number: 139
Project Type
13 - 24 Units: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Metal: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1955
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 2224
Annual Mgmt Exp: 4943
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 5181
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 15939
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 76380
Pmt & Rate Info
Cap Rate: 5.84
Down Payment: 0
Equity: 1100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Exterior Amenities
Security Light(s): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Other: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 600
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 700
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 800
Avg SqFt: 800
# Baths: 1
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
Cross Street: Country Club Frontage, near Broadway Access road.
Directions: Driving on Country club Near Broadway access road Property will be on East side.
Geo Lat: 33.403858
Geo Lon: -111.838898
Status Change Info
Off Market Date: 2020-06-23
Under Contract Date: 2020-02-25
Close of Escrow Date: 2020-07-07
Sold Price: $950,000
Income Expenses
Gross Annual Sch Inc: 80400
Net Operating Income: 64227
Property Features
Project Type: 13 - 24 Units
Other Type: House + Rental Units
Construction: Block; Wood Frame
Const - Finish: Painted; Brick Veneer
Roofing: Composition; Metal
Floors: Other
Sale Includes: Building(s) Only; Personal Property
Community Features: No Pool
Exterior Amenities: Security Light(s)
Interior Features: Other (See Remarks)
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: Other (See Remarks)
Parking Features: Free
Road Surface Type: Gravel; Dirt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
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: Conventional; Owner May Carry
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: August - 06 - 2021
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.