327 E VINE Circle, Mesa, AZ 85210
$795,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$795,000
Last Modified:
1/10/2025
Description
An amazing investment opportunity in this desirable Central Mesa community! No HOA! All 4 turnkey units are 2 bedroom, 1 bathroom that all boasts 730 sq ft, all with private indoor washer & dryer hookup, all have a private outdoor storage closet, all units are individually metered for electric, and there are a toral of 10 parking spaces for tenants. City of Mesa Section 8 Housing Choice Voucher Program for 2025 provides $1,730 for 2 bedroom units. This lucrative Fourplex opportunity has the potential of producing $6,920 gross rental income per month, $83,040 gross rental income per year.
More Information MLS# 6802856
Contract Info
Current Price: $795,000
List Price: $795,000
Status: Active
List Date: 2025-01-10
Ownership: Fee Simple
Location Tax Legal
House Number: 327
Compass: E
Street Name: VINE
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Country: USA
County Code: Maricopa
Subdivision: EAST ALMOND PLACE
Assessor Number: 139-36-101
Tax Year: 2024
General Property Description
Lot Size Dimensions: Unknown
Year Built: 1985
Uncvrd Parking Spcs: 10
Total # of Units: 4
# of Buildings: 1
Zoning: M-H
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Lincoln Elementary School
Jr. High School: Kino Junior High School
High School: Mesa High School
Remarks Misc
Cross Street: Mesa Dr & Broadway Rd
Directions: Head southeast to S Udall. Right on S Udall. Right on E Broadway Rd. Left on S Wilbur. Turn left and left again. Property will be on the left.
Geo Lat: 33.405
Geo Lon: -111.824167
Status Change Info
Status Change Date: 2025-01-10
Legal Info
Township: 1N
Range: 5E
Section: 27
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 83040
Net Operating Income: 81651
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1730
Avg SqFt: 729
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking: >1 Space Per Unit; Paved Parking
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: Supra (ARMLS); None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Documents
Listing Office: My Home Group Real Estate
Last Updated: January - 10 - 2025
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