$390,000
Mesa, AZ 85204
MLS# 6332411
Status: Closed
1 / 7
Property Description
Instant cash flow with long term tenants in place. Leases in place until June 2022 at $1050/month per unit. Each unit is 2 bed/1 bath with a newer roof and newer AC units (one unit is brand new) as well as new dual pane windows/sliding glass doors. This area of Mesa is booming right now and rental rates are continuing to increase.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $390,000
Sold Price: $390,000
Status: Closed
List Date: 2021-12-14
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 24 HAWS REPLAT MCR 023709
Assessor's Parcel #: 169
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421902
Taxes: 884
Legal: LOT 24 HAWS REPLAT MCR 023709
Marketing Name: Haws Replat
Map Code/Grid: R39
House Number: 556
Compass: S
Street Name: UDALL
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
County Code: Maricopa
Subdivision: HAWS REPLAT
Assessor Number: 139-24-169
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 6490
Flood Zone: No
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lowell Elementary School
Jr. High School: Mesa Junior High School
High School: Mesa High School
Year Built: 1985
Zoning: M-H
Legal Info
Range: 5E
Section: 26
Township: 1N
Lot Number: 24
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 663
Annual Wtr/Swr Exp: 2700
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4247
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 23940
Pmt & Rate Info
Cap Rate: 6.06
Equity: 395000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Heat Pump: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 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
<1 Space Per Unit: 1
Electric
City Electric: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1050
Avg SqFt: 780
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 2250
Seller Concession $/%: $
Remarks Misc
Cross Street: Mesa Dr/Broadway
Directions: East on Broadway Right (south) on Lesuer Right (west) on Vine Left (south) on Udall home is on west side of Udall (no sign)
Geo Lat: 33.4043
Geo Lon: -111.821835
Status Change Info
Off Market Date: 2022-01-29
Under Contract Date: 2022-01-11
Close of Escrow Date: 2022-02-18
Sold Price: $390,000
Income Expenses
Gross Annual Sch Inc: 25200
Net Operating Income: 23940
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric; Individual Meter
Gas: None
Parking Features: <1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV; Landscaping
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable
New Financing: Conventional; No Carry
Environmental: None
Listing Office: Four Peaks Brokerage Company
Last Updated: April - 07 - 2026
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