6221 E GREENWAY Street, Mesa, AZ 85205

$1,200,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,200,000 Last Modified: 4/10/2025

Overview

Description

6221 E Greenway St is a 4 unit multifamily community located in a desirable area of East Mesa. This asset was built in 1985 and recently underwent a complete renovation in 2022-2023. All 4 of the units are large 3-bedroom, 2-bathroom units measuring approximately 1,078 sq ft. Current rents average $1,956 and the tenants cover all utilities. This is a great opportunity for an investor or owner occupant.

Listing Details MLS# 6811422

Location, Tax & Legal

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
2025
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
2607
Legal
LOT 31 MANOR VIEW MCR 027228
Marketing Name
Greenway Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
105.37x105.37
Year Built
1986
Total # of Units
4
# of Buildings
Yes
Zoning
RM-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Uncvrd Parking Spcs
0

Status Change Info

Off Market Date
2025-03-12
Under Contract Date
2025-03-08
Close of Escrow Date
2025-04-09

Legal Info

Township
1N
Range
6E
Section
12
Lot Number
31

More Information

Income Expenses

Gross Annual Sch Inc
90780
Net Operating Income
70860

Showing Notification Methods

Showing Service
No Showing Service Used

3 Bedrooms Units

# 3 Bedroom Units
4
Avg Rent
1956
Avg SqFt
1078
# Baths
2

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
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

Block
Yes
Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes

Floors

Vinyl
Yes
Wood
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
119
Annual Mgmt Exp
7570
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
1150
Operating Exp
11446
Other Income
3961
Vacancy Allowance
0
Adjusted Gross Inc
94741
Total Monthly Rental Income
7825

Pmt & Rate Info

Cap Rate
5.56
Equity
1275000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Other
Yes

Heating

Electric
Yes
Natural Gas
Yes

Cooling

Central Air
Yes

Exterior Amenities

Partially Fenced
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
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

Carport
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

Other (See Remarks)
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: Block; Wood Frame Const - Finish: Stucco Roofing: Tile Floors: Vinyl; Wood; Other Sale Includes: Land & Building Community Features: No Pool; Other Exterior Amenities: Partially Fenced Appliances Included: Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: Other (See Remarks)
IDX
Listing Office: Matthews Real Estate Investment Services
Last Updated: April - 10 - 2025
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