644-652 S Mesa Drive, Mesa, AZ 85210
$800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$800,000
Last Modified:
3/03/2025
Description
Great investment cash flow opportunity just south of the light rail. Right off Mesa dr. (Mesa Dr. city is expanding and spending tax dollars on now) Growing area full of potential. Investors who know the value of area and rent increase opportunity this is the chance to get in before rents are increased. One unit has increased rent to $1025 plus tax. All other units can do the same. Average rent right now is $850 each two bedroom one bath with a yard. Most are month to month and rents can be raised now. Property manager is willing to stay on and do this for you.
More Information MLS# 6148780
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2020-10-19
Location, Tax & Legal
Assessor's Map #: 35
Assessor's Parcel #: 161
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 2019
Legal: LOT 22 BLOCK 5 EL MAY VILLA AMD MCR 004239
Marketing Name: Two triplexes
Map Code/Grid: R39
House Number: 644-652
Compass: S
Street Name: Mesa
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
County Code: Maricopa
Assessor Number: 139-35-161
Tax Year: 1800
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: .4
Total # of Units: 6
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1971
Zoning: MH
Project Type
Tri-Plex: 1
Four Plex: 1
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2019
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 73800
Pmt & Rate Info
Cap Rate: 9
Equity: 820000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
City Electric: 1
Gas
City Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 0
Avg SqFt: 750
3 Bedrooms Units
Avg Rent: 0
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
Cross Street: Mesa Dr and Broadway
Directions: Just South of Broadway. Turn into property off mesa dr. South of the light rail.
Geo Lat: 33.402799
Geo Lon: -111.823322
Status Change Info
Off Market Date: 2021-01-07
Under Contract Date: 2020-10-28
Close of Escrow Date: 2021-01-07
Sold Price: $800,000
Legal Info
Lot Number: 22
Income Expenses
Gross Annual Sch Inc: 73800
Net Operating Income: 73800
Property Features
Project Type: Tri-Plex; Four Plex; 5 - 12 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Foam; Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office:
Synchronicity Realty
Last Updated: March - 03 - 2025
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