6206 E GLENCOVE Street, Mesa, AZ 85205
$932,700
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$932,700
Last Modified:
6/13/2025
Description
VA ASSUMABLE LOAN AT 4.25% Beautifully Remodeled Multi-Family Tri-Plex Investment Property in East Mesa! This fully occupied property has been updated to enhance both value and appeal. Each of the three spacious 3-bedroom, 2-bath units features modern upgrades, including stainless steel appliances, individual laundry rooms, and private fenced backyards. Additional amenities include attached storage rooms, individually metered water and electric, and two assigned covered parking spaces per unit. Conveniently located within walking distance to public transportation, with easy access to shopping, dining, and major freeways. A prime investment opportunity with strong rental income. Recent upgrades include, paint, flooring, ceiling fans, kitchen lighting & backsplash, closets, baseboards ect!
Supplements: Also a new shower in unit 2 and backyard in unit 3 was redone with turf
More Information MLS# 6844178
Contract Info
Ownership: Fee Simple
Current Price: $932,700
Sold Price: $932,700
Status: Closed
List Date: 2025-04-01
Location, Tax & Legal
Assessor's Map #: 84
Legal Description (Abbrev): LOT 6 MANOR VIEW MCR 027228
Assessor's Parcel #: 317
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420210
Taxes: 1624
Tax District: 41000
Legal: LOT 6 MANOR VIEW MCR 027228
Marketing Name: Glencove
House Number: 6206
Compass: E
Street Name: GLENCOVE
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 4934
County Code: Maricopa
Subdivision: MANOR VIEW
Assessor Number: 141-84-317
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 89x110
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Mendoza Elementary School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Year Built: 1986
Zoning: Multi-Family
Legal Info
Range: 6E
Section: 12
Township: 1N
Lot Number: 6
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 3600
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7024
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 69847.8
Total Monthly Rental Income: 6127
Pmt & Rate Info
Cap Rate: 6.84
Down Payment: 0
Equity: 949900
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Fenced: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
VA: 1
Conventional: 1
1031 Exchange: 1
Special
Accept Backups (CLO): 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 Type
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 2080
Avg SqFt: 1066
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Paid - S
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 18000
Seller Concession $/%: $
Remarks Misc
Cross Street: Brown Rd and Recker Rd
Directions: East on Brown Road to 61st Pl; North to Glencove St; East to property on north side of street.
Geo Lat: 33.439067
Geo Lon: -111.697363
Status Change Info
Off Market Date: 2025-05-29
Under Contract Date: 2025-04-25
Close of Escrow Date: 2025-05-27
Sold Price: $932,700
Income Expenses
Gross Annual Sch Inc: 73524
Net Operating Income: 65000
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Patio/Balcony; Separate Storage
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Ceiling Fan(s); Electric
Water Source: Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; >1 Space Per Unit; Assigned; Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Special: Accept Backups (CLO)
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 Type: Not Applicable
Existing 3rd Loan Type: Not Applicable
New Financing: VA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Two Brothers Realty & Co
Last Updated: June - 13 - 2025
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.