405 N Loma Vista

    Mesa, AZ 85213
    • $365,000
    • STATUS: Closed
    • ON SITE: 165 days
    • MLS #: 5763392
    Sold - 09/10/2018
    $365,000
    SOLD - 09/10/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Great upside potential with this gem. It needs some work and the sellers don't have the ability to do it.This price reflects repairs needed.This property has been owner managed for Several years and is way under market rent. One vacant unit has new paint, carpet and kitchen flooring. The three other units are all MTM tenants averaging around $600.00 month.Lots of room to raise rents on this one. Buyer or buyers agent to verify all information to their satisfaction.Owner wants a Cash buyer.

    Monthly Payment Calculator

    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2018-10-22T22:10:59.387.
    www.beckygarcia.com/homes/83382516

    405 N Loma Vista Mesa, AZ 85213

    • Price: $365,000
    • Status: Closed
    • Updated: 68 min ago
    • MLS #: 5763392
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    Neighborhood:
    University Villa East Lot 1-49
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Great upside potential with this gem. It needs some work and the sellers don't have the ability to do it.This price reflects repairs needed.This property has been owner managed for Several years and is way under market rent. One vacant unit has new paint, carpet and kitchen flooring. The three other units are all MTM tenants averaging around $600.00 month.Lots of room to raise rents on this one. Buyer or buyers agent to verify all information to their satisfaction.Owner wants a Cash buyer.
    Exterior Features

    Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Lot Size Dimensions Irr Parking >1 Space Per Unit Roads Concrete Roofing All Tile Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 950 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeDisposalDishwasherRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/CompositionCeramic Tile Heating Central

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 600.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 600.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1000.00 Annual Wtr Swr Exp 2500.00 Auction No Community Amenities Other (See Remarks) Cross Street University & Gilbert Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 20950.00 New Financing Other (See Remarks) Operating Exp 6419.00 Other Income 0.00 Owner Pays WaterLandscapingTrashSewer Project Type Four Plex Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Mesa Taxes 1719.00 Tenant Pays ElectricCable Tv Vacancy Allowance 3.00 Water City Franchise Zoning Rm3

    Listing courtesy of S. J. Fowler Real Estate, Inc..
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2018-10-22T22:10:59.387.
     
    My Home Group
    1616 N Litchfield Road Suite 240
    Goodyear AZ, 85395