6243 E GREENWAY Circle, Mesa, AZ 85205
$980,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$980,000
Last Modified:
3/06/2020
Description
These Luxury Townhouse Style Units Feature 2 Large Bedrooms with Washer/Dryer Hook-Ups, Dishwashers, Tile in All the Right Places and Individually Fenced backyards. In addition Enjoyment of the Pool and Lots of Green Grassy Area. The property has a Beautifully Decorated Wrought Iron Fence. Townhouse Style Units Offer Much Needed Privacy and Are Very attractive to Tenants. Tenants Pay All Their Utilities Including Electric, Water,Sewer and Trash. This is Like Owning 9 Houses as The Owner Has No Utilities to be Concerned with Other Than Pool and Sprinklers ETC: This Investment Offers Good Cash Flow and Long Term Appreciation and Potential Escalation of Rents. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.
More Information MLS# 5655958
Contract Info
Ownership: Fee Simple
Current Price: $980,000
Sold Price: $980,000
Status: Closed
List Date: 2017-09-05
Location, Tax & Legal
Assessor's Map #: 84
Legal Description (Abbrev): GOLDEN WEST UNIT 3 MCR 269-48
Assessor's Parcel #: 280
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 420210
Taxes: 4894
Legal: Lot 1 and 2 Golden West Unit 3
Marketing Name: Golden West
Map Code/Grid: Q41
House Number: 6243
Compass: E
Street Name: GREENWAY
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 4890
County Code: Maricopa
Subdivision: GOLDEN WEST UNIT 3 LOT 1-32
Assessor Number: 141-84-280
Tax Year: 2016
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 2 LOTS: total 44,564 sq ft total (1,023 ac)
Total # of Units: 9
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1986
Zoning: R-3 & RM-3
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 7500
Annual Mgmt Exp: 5658
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1200
Operating Exp: 25852
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 94289.4
Pmt & Rate Info
Cap Rate: 6.52
Down Payment: 0
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Play Area: 1
Heating
Heat Pump: 1
Electric: 1
Central: 1
Cooling
Central Air: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Pet Restrictions: 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 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
Free: 1
1 Space/Unit: 1
Paved: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Underground: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Wrap: 1
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Balloon/Call Prvisn: 1
Interest Only: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 735
Avg SqFt: 432
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 942
Avg SqFt: 1131
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Recker & Brown
Directions: East to 62nd Place and North to Greenway
and turn east on cul de sac.
Geo Lat: 33.437761
Geo Lon: -111.695819
Status Change Info
Off Market Date: 2017-10-04
Under Contract Date: 2017-10-04
Close of Escrow Date: 2017-11-15
Sold Price: $980,000
Legal Info
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 99252
Net Operating Income: 68438
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment; Laundry Equipment
Community Features: Pool; Play Area
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Pet Restrictions
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal
Heating: Central; Heat Pump
Cooling: Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Underground; Individual Meter
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Assigned; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Wrap; Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable; Balloon/Call Prvisn; Interest Only
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: March - 06 - 2020
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