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1846 N PIMA Street, Mesa, AZ 85201 (MLS# 6637229)

1846 N PIMA Street, Mesa, AZ 85201

$750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $690,000 Last Modified: 12/30/2023

Description

Very well maintained 4-plex with three 2 bedroom/1 bath units and one large 1 bedroom/1 bath unit. Each unit has a separate indoor storage area. All units come with a washer/dryer, dishwasher, garbage disposal along with LED lightbulbs in every fixture, solar screens on all windows and metal privacy doors. Eight parking spaces with four covered spaces. Completely fenced yard with a locked cluster mailbox unit. Well landscaped with desert xeriscape plantings as well as irrigation to newer plantings. Two tenants are long term stable tenants and two newer tenants have recently been added - October 2023 and August 2023. This was the owner's primary residence for five years so Unit 4 has many upgrades. Exterior paint in 2018 and all units have been repainted within the last 3 years.

Supplements: Unit 2 had new laminate commercial flooring installed in January of 2023 and Unit 4 had new carpet in 2018. A short walk to the city bus stop and easy freeway access.

More Information MLS# 6637229

Contract Info

Current Price: $690,000 Sold Price: $690,000 Status: Closed List Date: 2023-12-05 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 1846 Compass: N Street Name: PIMA St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 1836 Country: USA County Code: Maricopa Legal Description (Abbrev): OLD WEST VALLEY MCR 184/6 LOT 9 & ALSO S 30.67F L OT 10 Subdivision: OLD WEST VALLEY Assessor's Map #: 23 Assessor's Parcel #: 284 Assessor Parcel Ltr: A Add'l Parcels: No Assessor Number: 136-23-284-A Legal: OLD WEST VALLEY MCR 184/6 LOT 9 & ALSO S.30.67F L OT 10 Census Tract: 420501 Tax Municipality: Maricopa - CITY Taxes: 1284 Tax Year: 2023 Marketing Name: None

General Property Description

Lot Size Dimensions: 13,068 Year Built: 1980 Uncvrd Parking Spcs: 4 Total # of Units: 4 # of Buildings: 1 Zoning: M-H Flood Zone: No Elementary School: Boulder Creek Elementary - Mesa High School: Mesa High School Elementary School District: Mesa Unified District High School District: Mesa Unified District

Remarks & Misc

Cross Street: McKellips & Center Directions: From the 202 Loop Freeway, take Mckellips exit #12. East to Center. South to Jasmine. East to Pima. South to property. Geo Lat: 33.44874 Geo Lon: -111.830308

Status Change Info

Status Change Date: 2023-12-30 Off Market Date: 2023-12-08 Under Contract Date: 2023-12-07 Close of Escrow Date: 2023-12-29 Sold Price: $690,000

Legal Info

Township: 1N Range: 5E Section: 10 Lot Number: 9

Income & Expenses

Annual Ins Exp: 2196 Annual Maint Exp: 2400 Annual Trash Exp: 392 Annual Wtr/Swr Exp: 2800 Owner Association: No Operating Exp: 9072 Gross Annual Sch Inc: 53016 Adjusted Gross Inc: 53016 Totl Mnth Rntal Inc: 4418 Net Operating Income: 45228

Pmt & Rate Info

Cap Rate: 6.03 Equity: 750000

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1250 Avg SqFt: 810 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 3 Avg Rent: 1066 Avg SqFt: 810 # Baths: 1

Contact Info

List Agent Home Phn: 602-620-4456

Sold Info

Loan Type: Other Payment Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Project Type: Four Plex Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Comp Shingle Floors: Vinyl; Carpet Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Fenced Interior Amenities: Fire/Smoke Alarm(s) Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Heat Pump Cooling: Heat Pump Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking: Carport; >1 Space Per Unit; Paved Parking Roads/Streets: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electric; Cable TV Source of Fincl Data: Provided by Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: 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: Conventional Reports/Disclosures: None Environmental: None
Listing Office: Built By Referral Rlty Grp 02
Last Updated: December - 30 - 2023
1846 N PIMA Street, Mesa, AZ 85201- MLS# 6637229
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