6243 E GREENWAY Circle, Mesa, AZ 85205 (MLS# 5967075)

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

Overview

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.

Listing Details MLS# 5967075

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: 2018
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

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
Elementary School: Mendoza Elementary School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School

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: 2020-01-17
Under Contract Date: 2019-12-10
Close of Escrow Date: 2020-01-16

Legal Info

Township: 1N
Range: 6E
Section: 12
Lot Number: Yes

More Information

Income Expenses

Gross Annual Sch Inc: 103572
Net Operating Income: 77686

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 737
Avg SqFt: 432
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 8
Avg Rent: 982.5
Avg SqFt: 1131
# Baths: 2

Contact Info

List Agent Home Phn: 480-616-4433

Sold Info

Loan Type: Cash
Payment Type: Fixed
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: 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: Yes

Lockbox Type

None: Yes

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
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 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