6243 E GREENWAY Circle, Mesa, AZ 85205
$1,300,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,300,000
Last Modified:
4/20/2021
Description
WOW-Turn Key Luxury Townhouse style units in desirable Mesa. Mesa is located in Maricopa one of the fastest growing counties in the United States. Features large 2 bedroom/2 bath units with washer and dryer hookups, dishwashers, tile and individually fenced backyards. Long term tenants enjoy pool and green grassy area with mature trees. Tenants enjoy privacy of wrought iron fence, covered parking and a cul de sac. Tenants pay all of thier own utilities including electric, water, sewer and trash. The owner pays utilities for pool, sprinkler and small unit. Owner takes pride in property, all routine maintenance completed and 7 NEW AC UNITS IN 2017. This investment offers long term appreciation and escalation in rents. All facts and figures are approximate and buyer to verify.
More Information MLS# 5967075
Contract Info
Ownership: Fee Simple
Current Price: $1,300,000
Sold Price: $1,300,000
Status: Closed
List Date: 2019-08-19
Location, Tax & Legal
Assessor's Map #: 84
Legal Description (Abbrev): LOT 1 GOLDEN WEST UNIT 3 LOT 1-32 MCR 026948
Assessor's Parcel #: 280
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 420210
Taxes: 5140
Legal: LOT 1 GOLDEN WEST UNIT 3 LOT 1-32 MCR 026948
Marketing Name: Greenway Apartments
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: 2018
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
Elementary School: Mendoza Elementary School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Year Built: 1986
Zoning: R-3 & RM-3
Legal Info
Range: 6E
Section: 12
Township: 1N
Lot Number: 1
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: 1560
Annual Gas Exp: 0
Annual Ins Exp: 3636
Annual Land Lse Exp: 0
Annual Landscape Exp: 7200
Annual Legal & Acctg: 330
Annual Maint Exp: 6000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 250
Operating Exp: 25916
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 103572
Total Monthly Rental Income: 8633
Pmt & Rate Info
Cap Rate: 5.98
Down Payment: 0
Equity: 1300000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
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
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
Contact Info
List Agent Home Phn: 480-616-4433
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 737
Avg SqFt: 432
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 982.5
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: Fixed
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: 33.437647
Geo Lon: -111.69493
Status Change Info
Off Market Date: 2020-01-17
Under Contract Date: 2019-12-10
Close of Escrow Date: 2020-01-16
Sold Price: $1,300,000
Income Expenses
Gross Annual Sch Inc: 103572
Net Operating Income: 77686
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
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Wrap; Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable; 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:
Realty ONE Group
Last Updated: April - 20 - 2021
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