62 S BARKLEY, Mesa, AZ 85204

$985,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $985,000 Last Modified: 3/14/2025

Overview

Description

These seven units on Barkley are a tenants dream! Well maintained, patio style building with seven spacious 2 bedroom/1 bath units. This property has so much value add opportunity with private yards, light remodels, and bringing rents to full market value. Property includes covered parking and storage units for the tenants. Irrigated lawn stays beautiful and green, even in the desert! Conveniently located within walking distance from light rail and nearby entertainment, employment, and schools. Proforma cap rate at 6.07%. *All figures are approximate, buyer to verify all MLS information. Do Not Disturb Tenants. Drive-by only!

Listing Details MLS# 6208487

Location, Tax & Legal

Map Code/Grid
R39
House Number
62
Compass
S
Street Name
BARKLEY
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
1261
Country
US
County Code
Maricopa
Subdivision
LA ZONA ACRES LOTS 15 THRU 19 38 THRU 43
Assessor Number
138-11-052-B
Tax Year
2020
Assessor's Map #
11
Legal Description (Abbrev)
LA ZONA ACRES LOT 41 E 100F EX S 53.5F
Assessor's Parcel #
52
Assessor Parcel Ltr
B
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
421602
Taxes
1606
Legal
LA ZONA ACRES LOT 41 E 100F EX S 53.5F
Marketing Name
62 S Barkley

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
21168
Year Built
1962
Uncvrd Parking Spcs
10
Total # of Units
7
# of Buildings
3
Zoning
buyer to verify
Flood Zone
No
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Longfellow Elementary School
Jr. High School
Poston Junior High School
High School
Mesa High School

Remarks Misc

Cross Street
Stapley and Main
Directions
From US 60, go north on Stapley to E Dana Ave, turn east, then north on Barkley. Property is on left

Status Change Info

Off Market Date
2021-05-15
Under Contract Date
2021-03-31
Close of Escrow Date
2021-05-17

Legal Info

Township
1N
Range
5E
Section
24
Lot Number
41

More Information

Income Expenses

Gross Annual Sch Inc
100800
Net Operating Income
63754

2 Bedroom Units

# 2 Bedroom Units
7
Avg Rent
1200
Avg SqFt
700
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Buyer - B
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
3000
Annual Land Lse Exp
0
Annual Landscape Exp
2400
Annual Legal & Acctg
0
Annual Maint Exp
5000
Annual Mgmt Exp
8000
Annual Trash Exp
1200
Annual Wtr/Swr Exp
9000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
1800
Operating Exp
32006
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
95760

Pmt & Rate Info

Cap Rate
6.07
Equity
1050000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Cable TV Available
Yes
Separate Storage
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Built-In Range
Yes
W/D Hookup
Yes

Road Access Type

Private Road
Yes

Road Surface Type

Dirt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes
Irrigation
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Free
Yes
On Street
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Special

Estate Sale
Yes

Existing 1st Loan

Treat as Free&Clear
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: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Cable TV Available; Separate Storage Appliances Included: Built-In Range; W/D Hookup Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise; Irrigation Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; On Street; >1 Space Per Unit; Free; Paved Road Access Type: Private Road Road Surface Type: Dirt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Estate Sale Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: March - 14 - 2025
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