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
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.
More Information MLS# 6811422
Contract Info
Ownership: Fee Simple
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
List Date: 2025-01-27
Location, Tax & Legal
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
House Number: 6221
Compass: E
Street Name: GREENWAY
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 4859
County Code: Maricopa
Subdivision: MANOR VIEW
Assessor Number: 141-84-342
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 105.37x105.37
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1986
Zoning: RM-3
Legal Info
Range: 6E
Section: 12
Township: 1N
Lot Number: 31
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Wood: 1
Other: 1
Sale Includes
Land & Building: 1
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
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Partially Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 1956
Avg SqFt: 1078
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.437723
Geo Lon: -111.696749
Status Change Info
Off Market Date: 2025-03-12
Under Contract Date: 2025-03-08
Close of Escrow Date: 2025-04-09
Sold Price: $1,200,000
Income Expenses
Gross Annual Sch Inc: 90780
Net Operating Income: 70860
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)
Listing Office:
Matthews Real Estate Investment Services
Last Updated: April - 10 - 2025
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