1846 N PIMA Street, Mesa, AZ 85201
$690,000
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
Subagents: N
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
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