62 S BARKLEY, Mesa, AZ 85204
$985,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$985,000
Last Modified:
3/14/2025
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!
More Information MLS# 6208487
Contract Info
Ownership: Fee Simple
Current Price: $985,000
Sold Price: $985,000
Status: Closed
List Date: 2021-03-16
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: LA ZONA ACRES LOTS 15 THRU 19 38 THRU 43
Assessor Number: 138-11-052-B
Tax Year: 2020
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 21168
Flood Zone: No
Total # of Units: 7
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
Year Built: 1962
Zoning: buyer to verify
Legal Info
Range: 5E
Section: 24
Township: 1N
Lot Number: 41
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
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: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Heat Pump: 1
Exterior Amenities
Cable TV Available: 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Range: 1
W/D Hookup: 1
Road Access Type
Private Road: 1
Road Surface Type
Dirt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Irrigation: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Estate Sale: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 7
Avg Rent: 1200
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Buyer - B
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
Geo Lat: 33.41341
Geo Lon: -111.799952
Status Change Info
Off Market Date: 2021-05-15
Under Contract Date: 2021-03-31
Close of Escrow Date: 2021-05-17
Sold Price: $985,000
Income Expenses
Gross Annual Sch Inc: 100800
Net Operating Income: 63754
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
Listing Office:
My Home Group Real Estate
Last Updated: March - 14 - 2025
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