$550,000
Mesa, AZ 85201
MLS# 6285040
Status: Closed
1 / 42
Property Description
Great 4-Plex in Downtown Mesa. Close to the light rail, fully leased at market values with no HOA. Lots of remodel has been done recently to this units. Great Investment property! Buyer(s) to do their own due diligence. Unit 1- $1000, Unit 2-$950 Unit 3-$1100, Unit 4- $1200.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $550,000
Sold Price: $550,000
Status: Closed
List Date: 2021-08-26
Location, Tax & Legal
Assessor's Map #: 57
Legal Description (Abbrev): PT LOT 15 PT N2 NW4 SW4 NE4 BEG AT PT WH IS 530' E OF SW COR N2 NW4 SW4 NE4 TH N 140' TH E 50' TH S
Assessor's Parcel #: 102
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421302
Taxes: 851
Legal: PT LOT 15 PT N2 NW4 SW4 NE4 BEG AT PT WH IS 530' E OF SW COR N2 NW4 SW4 NE4 TH N 140' TH E 50' TH S
Marketing Name: Craig Debuf ADD
Map Code/Grid: R38
House Number: 703
Compass: W
Street Name: 1ST
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6456
County Code: Maricopa
Subdivision: Craig Debuf ADD
Assessor Number: 135-57-102
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 6970
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Webster Elementary School
Jr. High School: Carson Junior High School
High School: Mesa High School
Year Built: 1931
Zoning: R4
Legal Info
Range: 5E
Section: 21
Township: 1N
Lot Number: 15
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Stucco: 1
Roofing
Rolled: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 851
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 51000
Pmt & Rate Info
Cap Rate: 1.33
Equity: 540000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Window/Wall Unit: 1
2 or More Units: 1
Exterior Amenities
Partially Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Cable TV: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
City Electric: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash to Loan: 1
Conventional: 1
Special
Accept Backups (CLO): 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 Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Cell Phn2: 480-540-9194
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1062.5
Avg SqFt: 485
# Baths: 4
2 Bedroom Units
Avg Rent: 0
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: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Main & Extension
Directions: From Main & Extension, N on Extension, E on 1st Place
Geo Lat: 33.417952
Geo Lon: -111.846445
Status Change Info
Off Market Date: 2021-10-13
Under Contract Date: 2021-09-27
Close of Escrow Date: 2021-10-18
Sold Price: $550,000
Income Expenses
Gross Annual Sch Inc: 51000
Net Operating Income: 7200
Property Features
Project Type: Four Plex
Construction: Wood Frame; Brick
Const - Finish: Stucco
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Refrigerator; Disposal; Microwave
Cooling: Window/Wall Unit; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
New Financing: Cash to Loan; Conventional
Environmental: None
Listing Office: ADB Realty LLC
Last Updated: April - 07 - 2026
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