820 E BROWN Road, Mesa, AZ 85203
$2,208,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,208,000
Last Modified:
9/14/2024
Description
DO NOT DISTURB TENANTS- CONTACT LISTING AGENT FOR SHOWING
More Information MLS# 4484809
Contract Info
Ownership: Fee Simple
Current Price: $2,208,000
Sold Price: $2,208,000
Status: Closed
List Date: 2010-10-27
Location, Tax & Legal
Assessor's Map #: 9
Assessor's Parcel #: 10
Assessor Parcel Ltr: H
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 33258.84
Legal: PT NE4 DAF COM AT PT ON W LN NE4 531.10F S FR N4 COR SEC TH N AL
Marketing Name: ASPEN RIDGE APARTMENTS
Map Code/Grid: Q39
House Number: 820
Compass: E
Street Name: BROWN
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4947
County Code: Maricopa
Subdivision: CLICK DOCUMENTS TAB FOR MARKETING PACKAGE
CLICK DOCUMENTS TAB FOR MARKETING PACKAGE
Assessor Number: 137-09-010-H
Tax Year: 2010
General Property Description
# of Buildings: 8
Uncvrd Parking Spcs: 44
Lot Size Dimensions: irregular
Total # of Units: 96
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1972
Zoning: M-H R-4
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: 1
Project Type
51 - 99 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 7800
Annual Gas Exp: 2800
Annual Ins Exp: 12480
Annual Land Lse Exp: 0
Annual Landscape Exp: 8200
Annual Legal & Acctg: 2400
Annual Maint Exp: 60000
Annual Mgmt Exp: 46185
Annual Trash Exp: 8150
Annual Wtr/Swr Exp: 32000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 24000
Annual Other Expense: 40120
Operating Exp: 277393.84
Other Income: 24000
Vacancy Allowance: 0.15
Adjusted Gross Inc: 536928
Pmt & Rate Info
Cap Rate: 8.44
Down Payment: 2600000
Equity: 2450000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Clubhouse: 1
Game/Rec Room: 1
Barbecue: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Cable TV Available: 1
Security Light(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Special
Owner/Agent: 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 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
Contact Info
List Agent Home Phn: 602-243-7499
List Agent Cell Phn2: 602-677-0655
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 16
Avg Rent: 440
Avg SqFt: 680
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 80
Avg Rent: 545
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Brown and Horne Roads
Directions: CLICK DOCUMENTS TAB FOR MARKETING PACKAGE
CLICK DOCUMENTS TAB FOR MARKETING PACKAGE
CLICK DOCUMENTS TAB FOR MARKETING PACKAGE
Geo Lat: 33.436172
Geo Lon: -111.81327
Status Change Info
Off Market Date: 2011-04-07
Under Contract Date: 2011-03-18
Close of Escrow Date: 2011-04-11
Sold Price: $2,208,000
Income Expenses
Gross Annual Sch Inc: 607680
Net Operating Income: 206859
Property Features
Project Type: 51 - 99 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment; Laundry Equipment
Community Features: Pool; Clubhouse; Game/Rec Room; Barbecue
Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: None
Documents
Marketing package ›
Listing Office:
Kasten Long Commercial Group
Last Updated: September - 14 - 2024
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