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

Overview

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.

Listing Details MLS# 6361398

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
Palms Vista
Assessor Number
134-02-029-A
Tax Year
2022
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
120 X 140
Year Built
2008
Uncvrd Parking Spcs
10
Total # of Units
4
# of Buildings
4
Zoning
M-M/R3
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

Remarks Misc

Cross Street
Main & Extension

Status Change Info

Off Market Date
2022-03-03
Under Contract Date
2022-03-03
Close of Escrow Date
2022-05-12

Legal Info

Township
1N
Range
5E
Section
21
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
68160
Net Operating Income
54680

4 Bedrooms Units

# 4 Bedroom Units
4
Avg Rent
1495
Avg SqFt
1035
# Baths
2

Contact Info

List Agent Hme Phn 2
602.253.0113

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Graduated
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

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
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Landscape Water System
Yes
Partially Fenced
Yes
Cable TV Available
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Not Applicable
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

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
IDX
Listing Office: XCD Realty & Property Mgmt
Last Updated: May - 13 - 2022
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