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    242 S Olive

    Mesa, AZ 85204
    • $360,000
    • STATUS: Active Under Contract
    • ON SITE: 14 days
    • MLS #: 6247684
    Under Contract
    UPDATED: 42 min ago
    $360,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    A DIAMOND IN THE ROUGH! This duplex has so much potential. Located in the DOWNTOWN OPPORTUNITY ZONE where they just built an ASU campus PLUS a bunch of new restaurants, micro-breweries, shopping, and now the light rail. There is a TON of growth happening in this area making this the PERFECT investment property or a great opportunity to live in one unit while earning passive income from the other. Both units are 2 bedrooms, 1 bathroom and are separately metered. They could use some TLC but don't be fooled, current rents are well below market value. House is being sold ''as is''. TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-06-24T08:11:56.737.
    www.yournextphoenixhome.com/homes/118041251
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    242 S Olive Mesa, AZ 85204

    • Price: $360,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • MLS #: 6247684
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Temple Villa
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    A DIAMOND IN THE ROUGH! This duplex has so much potential. Located in the DOWNTOWN OPPORTUNITY ZONE where they just built an ASU campus PLUS a bunch of new restaurants, micro-breweries, shopping, and now the light rail. There is a TON of growth happening in this area making this the PERFECT investment property or a great opportunity to live in one unit while earning passive income from the other. Both units are 2 bedrooms, 1 bathroom and are separately metered. They could use some TLC but don't be fooled, current rents are well below market value. House is being sold ''as is''. TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 2.00 Lot Size Dimensions 121 X 59 Parking Carport Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeW/D Hookup Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 750.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 18000.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 727.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 700.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3500.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2280.00 Community Amenities No Pool Cross Street Broadway And Horne Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas City Gas Gross Annual Sch Inc 18000.00 Hoa YN No Net Operating Income 10181.00 New Financing ConventionalNo Carry Operating Exp 8062.32 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 855.32 Tenant Pays Electric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning Multi Family

    Listing courtesy of Mojica & Associates Real Estate.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-06-24T08:11:56.737.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206