809 N DATE Street, Mesa, AZ 85201
$1,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,600,000
Last Modified:
5/08/2024
Description
Sale includes Parcel 135-17-007-K and 135-17-007-L which holds the same mailing address. One single level building with 4 units, each with a small backyards and a 2 story building with 4 units. Single level building all have interior laundry rooms with the 2 story building with laundry in individual storage room adjacent to front door. Stone countertops, newer cabinets with a mixture of tile and carpet for flooring makes turnover economical and quick. Great location near schools, bus stops, shopping and entertainment make finding tenants easy. Single level roof replaced 2018 and 2 story roof replaced 2020
More Information MLS# 6663214
Contract Info
Ownership: Fee Simple
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2024-02-12
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): S 99F OF FOL DESC PROP S 487.5F OF E 1/3 OF E2 OF SW4 NE4 EX S 40F & EX W 25F & EX E 75F & EX P/D
Assessor's Parcel #: 7
Assessor Parcel Ltr: K
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 1493
Tax District: 4
Legal: S 99F OF FOL DESC PROP S 487.5F OF E 1/3 OF E2 OF SW4 NE4 EX S 40F & EX W 25F & EX E 75F & EX P/D
Marketing Name: Date St
House Number: 809
Compass: N
Street Name: DATE
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 4081
County Code: Maricopa
Assessor Number: 135-17-007-K
Tax Year: 2023
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 12
Lot Size Dimensions: IRR
Flood Zone: No
Total # of Units: 8
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1983
Zoning: MULTI
Legal Info
Range: 5E
Section: 16
Township: 1N
Lot Number: MB
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 1530
Annual Legal & Acctg: 0
Annual Maint Exp: 20954.75
Annual Mgmt Exp: 7966.07
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 7894.22
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 39838.04
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 132767.76
Total Monthly Rental Income: 132767.76
Pmt & Rate Info
Cap Rate: 5.16
Down Payment: 0
Equity: 1800000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Text: 1
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Incorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 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
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1400
Avg SqFt: 791
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 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: Country Club & Rio Solado
Directions: West on Rio Salado to Date St. Property on North East Corner of Date and Rio Salado
Geo Lat: 33.429828
Geo Lon: -111.844451
Status Change Info
Off Market Date: 2024-04-09
Under Contract Date: 2024-04-08
Close of Escrow Date: 2024-05-07
Sold Price: $1,600,000
Income Expenses
Gross Annual Sch Inc: 132767.76
Net Operating Income: 92929.72
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; W/D Hookup
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Incorporated Area
Showing Notification Methods: Text
Lockbox Type: Other
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
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: FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Tradelands Realty
Last Updated: May - 08 - 2024
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