$221,000
Mesa, AZ 85210
MLS# 5640136
Status: Closed
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Property Description
RENTS HAVE JUST BEEN RAISED AND THE EXTERIOR REPAINTED! EXTERIOR FIXTURES HAVE BEEN REPLACED. Current Rent Roll and Year to Date under the Document Tab. The property is so easy to manage that the Property Manager (who would like to stay) has not had to hardly anything to the property. Stable long term tenants. No showings without accepted contract. See additional photos for the picture of the VERY large back yard.One Tenant is Government Assisted and is paying $757
Details
Maps
Documents
Contract Info
Current Price: $221,000
Sold Price: $221,000
Status: Closed
List Date: 2017-07-31
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: O39
House Number: 606
Compass: N
Street Name: Drew (West)
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 2422
Country: USA
County Code: Maricopa
Subdivision: BOWEN TRACT
Assessor's Map #: 29
Assessor's Parcel #: 4
Add'l Parcels: No
Assessor Number: 137-29-004
Legal: Legal Description Supplied by Title to govern
Tax Municipality: Mesa
Taxes: 940
Tax Year: 2017
Marketing Name: Triplex
General Property Description
Lot Size Dimensions: IRR
Year Built: 1956
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: Res-Multi
Elementary School: Eisenhower Center For Innovation
Jr. High School: Crismon Elementary School
High School: Westwood High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: University & Center
Directions: WEST ON UNIVERSITY TO DREW. NORTH ON DREW TO DREW WEST. TRIPLEX ON LEFT. 606 N. DREW WEST ST.
Geo Lat: 33.403846
Geo Lon: -111.83279
Status Change Info
Status Change Date: 2018-04-06
Off Market Date: 2018-03-19
Under Contract Date: 2018-03-19
Close of Escrow Date: 2018-04-06
Sold Price: $221,000
Legal Info
Lot Number: Lot #4
Income & Expenses
Annual Elec Exp: 2200
Annual Ins Exp: 967
Annual Maint Exp: 300
Annual Mgmt Exp: 1800
Annual Wtr/Swr Exp: 2500
Owner Association: No
Operating Exp: 8707
Gross Annual Sch Inc: 21104.04
Vacancy Allowance: 0.03
Adjusted Gross Inc: 20470.92
Totl Mnth Rntal Inc: 1758.67
Net Operating Income: 12396
Pmt & Rate Info
Cap Rate: 5.06
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 244900
1 Bedroom Units
# 1 Bedroom Units: 1
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block; Slump Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; RV/Boat Parking; Cable TV Available; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Evaporative Cooling
Water: City Franchise; Irrigation; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; RV/Boat Parking; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible
Environmental: None
General Ledger 1-1-2017 thru 12-31-2017 Listing Office: Gerchick Real Estate
Last Updated: April - 07 - 2018
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