744 W DANA Avenue, Mesa, AZ 85210
$1,065,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,065,000
List Date:
3/03/2022
Last Modified:
5/13/2022
Description
Well located multi-plex with 4 individual detached suites, private complex with private parking, built in 2008, easy access to commuter highways 202, 101 and 60. All units have 4 bedrooms with one bedroom on the main, 2 full bathrooms, in-suite laundry, private fenced in yard, dedicated parking and more. No HOA fees, close to shopping, new light rail system, bus stops and commuter highways.
More Information MLS# 6361398
Contract Info
Ownership: Fee Simple
Current Price: $1,065,000
Sold Price: $1,065,000
Status: Closed
List Date: 2022-02-27
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): PALMS VISTA
Assessor's Parcel #: 29
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421302
Taxes: 2470
Legal: PALMS VISTA LOT 3&4 BLK 1
Marketing Name: PALMS VISTA
Map Code/Grid: R38
House Number: 744
Compass: W
Street Name: DANA
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 8994
County Code: Maricopa
Subdivision: Palms Vista
Assessor Number: 134-02-029-A
Tax Year: 2022
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 120 X 140
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Franklin At Alma Elementary
Jr. High School: Mesa Junior High School
High School: Mesa High School
Year Built: 2008
Zoning: M-M/R3
Legal Info
Range: 5E
Section: 21
Township: 1N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Concrete: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4188
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7858
Other Income: 3120
Vacancy Allowance: 0
Adjusted Gross Inc: 71280
Total Monthly Rental Income: 5680
Pmt & Rate Info
Cap Rate: 4.97
Down Payment: 0
Equity: 1100000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Not Applicable: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Hme Phn 2: 602.253.0113
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 4
Avg Rent: 1495
Avg SqFt: 1035
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Graduated
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Main & Extension
Geo Lat: 33.412546
Geo Lon: -111.847616
Status Change Info
Off Market Date: 2022-03-03
Under Contract Date: 2022-03-03
Close of Escrow Date: 2022-05-12
Sold Price: $1,065,000
Income Expenses
Gross Annual Sch Inc: 68160
Net Operating Income: 54680
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Concrete; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Partially Fenced; Cable TV Available
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Not Applicable
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: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office:
XCD Realty & Property Mgmt
Last Updated: May - 13 - 2022
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