$235,000
Mesa, AZ 85204
MLS# 5806576
Status: Closed
1 / 7
Property Description
Huge price reduction! Great income producing property that stays rented year round! Current two units are rented at $490/month and two units at $505. This 4-plex has two units in two different buildings allowing for maximum privacy. Property sits on a large 16,089 SF lot allowing plenty of space for parking and areas to play! Great central Mesa location just over 1/4 mile from Mesa Light Rail (currently under construction) making access to employment and entertainment convenient and easy for tenants/owners. New owner could maximize profit by rehabbing the property and turn it into an assisted living or group home facility like the property next door.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $235,000
Sold Price: $235,000
Status: Closed
List Date: 2018-08-14
Location, Tax & Legal
Assessor's Map #: 14
Legal Description (Abbrev): HIBBERT ALLEN ACRES N 60.97F OF S 82.32F LOT 6 EX E 157.5F & EX W 175F TH/OF
Assessor's Parcel #: 7
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 421602
Taxes: 1137
Legal: HIBBERT ALLEN ACRES N 60.97F OF S 82.32F LOT 6 EX E 157.5F & EX W 175F TH/OF
Marketing Name: 215 & 211 E Doran
Map Code/Grid: R39
House Number: 215
Compass: S
Street Name: DORAN
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2206
County Code: Maricopa
Subdivision: HIBBERT-ALLEN ACRES LOTS 8-20
Assessor Number: 138-14-007-C
Tax Year: 2017
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 133.81 x 122.44
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Coolidge Unified District
Elementary School: Longfellow Elementary School
Jr. High School: Poston Junior High School
High School: Mesa High School
Year Built: 1970
Zoning: RM-4
Legal Info
Range: 5E
Section: 24
Township: 1N
Lot Number: 6
Project Type
Four Plex: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1968
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 4347
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7452
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 23880
Pmt & Rate Info
Cap Rate: 6.57
Down Payment: 0
Equity: 249900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Other: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Evaporative Cooling: 1
Window/Wall Unit: 1
Exterior Amenities
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
RV Access/Parking: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-655-7592
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 498
Avg SqFt: 714
# Baths: 1
2 Bedroom Units
Avg Rent: 0
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: Stapley and Broadway
Directions: N to Dana, E to Doran, S to property
Geo Lat: 33.411268
Geo Lon: -111.802881
Status Change Info
Off Market Date: 2018-12-11
Under Contract Date: 2018-12-06
Close of Escrow Date: 2018-12-21
Sold Price: $235,000
Income Expenses
Gross Annual Sch Inc: 23880
Net Operating Income: 16428
Property Features
Project Type: Four Plex
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Land & Building; Personal Property
Community Features: Other; See Remarks
Exterior Amenities: Cable TV Available; Sidewalk(s); Separate Storage
Appliances Included: Refrigerator
Cooling: Window/Wall Unit; Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; RV Access/Parking; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 06 - 2026
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