4-plex near light rail and upgraded Temple District. Easy to rent. Currently under professional property management, renters have been there for the last 6+ years. Rents are below market value. No HOA. Paved parking lot. Property could work for an owner-occupant.
Property Attributes
MLS#6880361
Type Multi-Family
CountyMARICOPA
City Mesa
Zip85204
StyleMultiple Dwellings
Year Built1980
Taxes$ 1394
Price$ 699,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Data Source:
Arizona Regional MLS (ARMLSN)
Sewer
Public Sewer
Heating
Heat Pump
Cooling
Heat Pump
Roof
Composition
Zoning
04-02
Construction Materials
Wood Frame,Stucco
Year Built
1980
Electric
City Electric
Township
1N
Tax Year
2024
Ownership
Fee Simple
Gross Income
43200.0
OwnerPays
Trash Collection,Water,Sewer
Community Features
No Pool
County
Maricopa
Net Operating Income
31420.0
Operating Expense
14174.0
Insurance Expense
3924.0
Property Type
Multiple Dwellings
Attached Garage
No
Garage Y/N
No
Status
Active
Directions
Go East on Broadway,then South on Olive. Property on West side of street
City
Mesa
Disclosures
Seller Prop Disc Stm
High School District
Mesa Unified District
Open Parking Spaces
6.0
Number Of Units Total
4
Lot Size Square Feet
0.0
Carport Y/N
No
Tax Annual Amount
1394.0
Electric Expense
0.0
Current Financing
Not Applicable
Fuel Expense
0.0
Trash Expense
1332.0
Water Sewer Expense
3108.0
Lease Renewal Y/N
No
Additional Parcels Y/N
No
Lease Considered Y/N
No
Rent Control Y/N
No
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Mesa Unified District
Tax Lot
17
Cap Rate
4.49
MobileHomeRemainsYN
No
New Financing: Conventional
True
Ownership
Fee Simple
Senior Community
No
New Financing: FHA
True
New Financing: Cash
True
New Financing: VA
True
Flooring
Ceramic Tile
Air Conditioning Y/N
Yes
Heating Y/N
Yes