6221 E GREENWAY Street, Mesa, AZ 85205

$784,725
Property Type: Multiple Dwellings Status: Closed
Current Price: $784,725 Last Modified: 3/24/2025

Overview

Description

Wonderful opportunity to own an income producing property in an established area. Tenants pay all utilities Each unit is 3 bedrooms 2 bath, individually metered, and has its own small private yard! All units are rented with leases in place. Drive By Only. Do not disturb tenants.

Listing Details MLS# 6284407

Location, Tax & Legal

Map Code/Grid
Q41
House Number
6221
Compass
E
Street Name
GREENWAY
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85205
Zip4
4859
Country
US
County Code
Maricopa
Subdivision
MANOR VIEW
Assessor Number
141-84-342
Tax Year
2020
Assessor's Map #
84
Legal Description (Abbrev)
LOT 31 MANOR VIEW MCR 027228
Assessor's Parcel #
342
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420210
Taxes
2604
Legal
LOT 31 MANOR VIEW MCR 027228
Marketing Name
Manor View

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11,097
Year Built
1986
Uncvrd Parking Spcs
2
Total # of Units
4
# of Buildings
Yes
Zoning
RM-3
Flood Zone
No
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

Remarks Misc

Cross Street
Recker and Brown
Directions
EAST ON BROWN RD TO 61ST PLACE. N ON 61ST PLACE TO GREENWAY. E ON GREEN WAY TO PROPERTY.

Status Change Info

Off Market Date
2021-09-14
Under Contract Date
2021-08-30
Close of Escrow Date
2021-09-16

Legal Info

Township
1N
Range
6E
Section
12
Lot Number
31

More Information

Income Expenses

Gross Annual Sch Inc
54000
Net Operating Income
51396

3 Bedrooms Units

# 3 Bedroom Units
4
Avg Rent
1250
Avg SqFt
1100
# Baths
2

Sold Info

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

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2604
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
54000
Total Monthly Rental Income
4500

Pmt & Rate Info

Cap Rate
6.63
Equity
775000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Water
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

<1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

VA
Yes
Conventional
Yes
1031 Exchange
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

None
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: Four Plex Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: <1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable New Financing: VA; Conventional; 1031 Exchange; Other (See Remarks) Environmental: None
IDX
Listing Office: NORTH&CO.
Last Updated: March - 24 - 2025
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