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$905,000
$949,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/31/2020
Key Details
Sold Price $905,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Los Ranchitos
MLS Listing ID 6164274
Sold Date 12/31/20
Maintenance Fees $6,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1968
Annual Tax Amount $1,739
Tax Year 2020
Lot Dimensions 148x314
Property Description
List price now includes 7 rental units on just over an acre. Two parcels included, 138-11-036 is .634 acre with 7 units and 138-11-038 is .43 acre that adds potential to build more units. This complex has stable tenants & is in a great location near Mesa development & new Light rail 1/4 mile away. There is a 2 bedroom house, 3 units with 2 bedrooms, 1 studio, 1 larger 1 bedroom unit & a completely updated 3 bedroom, 2 bath unit. Single level units make for lower maintenance & easy renting. These units are always rented & highly sought after. Numbers are based on actual rent with room for increase. Cap rate is at about 6% before price for land. Parcel 138-11-038, MLS #6164276 is grass to the west and MUST BE PURCHASED TOGETHER, but included in price. Drive by only. Please do not disturb
Location
State AZ
County Maricopa
Community Los Ranchitos
Zoning RM-2
Direction South on Stapley, West on Dana
Interior
Heating Electric
Cooling Electric, Ceiling Fan(s)
Appliance FS OvenRange, Refrigerator, WD Hookup
Exterior
Community Features No Pool
Roof Type Composition
Total Parking Spaces 14
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-11-036
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash
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Bought with Delex Realty