$800,000
Mesa, AZ 85204
MLS# 6942900
Status: UCB (Under Contract-Backups)
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Property Description
The property is currently vacant. 325 - 329 South Pioneer is a 6-unit subterranean-style property built in 1981 of wood-frame construction. The property consists of (6) two-bedroom / one-bathroom. Pioneer also has an on-site laundry room. Residents enjoy close proximity to Downtown Mesa and a light rail station located less than a half mile north of the property on Main Street.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
List Price: $800,000
Status: UCB (Under Contract-Backups)
List Date: 2025-11-04
Location, Tax & Legal
Assessor's Map #: 30
Legal Description (Abbrev): MESA MCR 23/18 PT BL 90 W2 OF FOL BEG AT PT 240F S & 25F W OF NE COR SE4 SW4 SW4 SEC 23 01N 05E TH
Assessor's Parcel #: 65
Assessor Parcel Ltr: G
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 1557
Legal: MESA MCR 23/18 PT BL 90 W2 OF FOL BEG AT PT 240F S & 25F W OF NE COR SE4 SW4 SW4 SEC 23 01N 05E TH
Marketing Name: Pioneer Apartments
House Number: 325
Compass: S
Street Name: PIONEER
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2061
County Code: Maricopa
Subdivision: MESA ARIZONA
Assessor Number: 138-30-065-G
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 127.85x59,78x127.38x59.99
Total # of Units: 6
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1981
Zoning: RM-3
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 90
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Wood Siding: 1
Stucco: 1
Roofing
Foam: 1
Floors
Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1557
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 88920
Pmt & Rate Info
Cap Rate: 6.58
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Window/Wall Unit(s): 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Disposal: 1
Refrigerator: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1300
Avg SqFt: 670
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.408876
Geo Lon: -111.81923
Income Expenses
Gross Annual Sch Inc: 93600
Net Operating Income: 55927
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Wood Siding; Stucco
Roofing: Foam
Floors: Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Built-In Electric Oven; Refrigerator; Disposal
Heating: Central; Window/Wall Unit(s)
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash
Environmental: None
Listing Office: ABI Multifamily
Last Updated: December - 22 - 2025
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