6206 E GLENCOVE Street, Mesa, AZ 85205

$932,700
Property Type: Multiple Dwellings Status: Closed
Current Price: $932,700 Last Modified: 6/13/2025

Overview

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

Listing Details MLS# 6844178

Location, Tax & Legal

House Number
6206
Compass
E
Street Name
GLENCOVE
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85205
Zip4
4934
Country
US
County Code
Maricopa
Subdivision
MANOR VIEW
Assessor Number
141-84-317
Tax Year
2024
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
89x110
Year Built
1986
Total # of Units
3
# of Buildings
Yes
Zoning
Multi-Family
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
Uncvrd Parking Spcs
0

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.

Status Change Info

Off Market Date
2025-05-29
Under Contract Date
2025-04-25
Close of Escrow Date
2025-05-27

Legal Info

Township
1N
Range
6E
Section
12
Lot Number
6

More Information

Income Expenses

Gross Annual Sch Inc
73524
Net Operating Income
65000

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

3 Bedrooms Units

# 3 Bedroom Units
3
Avg Rent
2080
Avg SqFt
1066
# Baths
2

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Paid - S
Buyer Concession $/%
%
Seller Concession to Buyer
18000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Tri-Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

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

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Fenced
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes
Mini Blinds
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Books Shwn Accpt Ofr
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes
Paved
Yes
Assigned
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Landscaping
Yes

New Financing

VA
Yes
Conventional
Yes
1031 Exchange
Yes

Special

Accept Backups (CLO)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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
IDX
Listing Office: Two Brothers Realty & Co
Last Updated: June - 13 - 2025
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