6243 E GREENWAY Circle, Mesa, AZ 85205 (MLS# 5655958)

6243 E GREENWAY Circle, Mesa, AZ 85205

$980,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $980,000 Last Modified: 3/06/2020

Overview

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.

Listing Details MLS# 5655958

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: GOLDEN WEST UNIT 3 LOT 1-32
Assessor Number: 141-84-280
Tax Year: 2016
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 2 LOTS: total 44,564 sq ft total (1,023 ac)
Year Built: 1986
Uncvrd Parking Spcs: 8
Total # of Units: 9
# of Buildings: 3
Zoning: R-3 & RM-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: Recker & Brown
Directions: East to 62nd Place and North to Greenway and turn east on cul de sac.

Status Change Info

Off Market Date: 2017-10-04
Under Contract Date: 2017-10-04
Close of Escrow Date: 2017-11-15

Legal Info

Lot Number: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 99252
Net Operating Income: 68438

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 735
Avg SqFt: 432
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 8
Avg Rent: 942
Avg SqFt: 1131
# 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

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Pool Equipment: Yes
Laundry Equipment: Yes

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: Yes
Play Area: Yes

Heating

Heat Pump: Yes
Electric: Yes
Central: Yes

Cooling

Central Air: Yes
Heat Pump: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Pet Restrictions: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

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

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Free-Standing Range: 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
Free: Yes
1 Space/Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
Assigned: Yes

Electric

SRP: Yes
Underground: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Landscaping: Yes
Pool Maintenance: Yes

New Financing

Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Wrap: Yes
Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Non Assumable: Yes
Balloon/Call Prvisn: Yes
Interest Only: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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