Skip To Content

    302-312 S Pioneer

    Mesa, AZ 85204
    • $815,000
    • STATUS: Active Under Contract
    • ON SITE: 42 days
    • MLS #: 6202314
    Under Contract
    UPDATED: 30 min ago
    $815,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Six on Pioneer is a tenants dream! Well maintained, patio style building with five spacious 1 bedroom/1 bath units and one 2 bedroom, 1 bath. Property has so much value add opportunity with private yards, light remodels, and bringing rents to full market value. Property includes covered parking and storage units for the tenants and the owner. Irrigated lawn stays beautiful and green, even in the desert! Conveniently located within walking distance from light rail, elementary school and nearby entertainment, employment, and schools. Proforma cap rate at 5.9%. *All figures are approximate, buyer to verify all MLS information. Do Not Disturb Tenants. Drive-by only!

    Monthly Payment Calculator



    © 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 2021-04-16T21:14:24.86.
    www.yournextphoenixhome.com/homes/114766980
    Print Image

    302-312 S Pioneer Mesa, AZ 85204

    • Price: $815,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • MLS #: 6202314
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    Neighborhood:
    Pioneer Rest Lots 1-9 Tr A
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Franklin At Brimhall Elementary
    Middle School:
    Kino Junior High School
    High School:
    Mesa High School
    School District:
    004 - Mesa Unified District
    Property Description
    Six on Pioneer is a tenants dream! Well maintained, patio style building with five spacious 1 bedroom/1 bath units and one 2 bedroom, 1 bath. Property has so much value add opportunity with private yards, light remodels, and bringing rents to full market value. Property includes covered parking and storage units for the tenants and the owner. Irrigated lawn stays beautiful and green, even in the desert! Conveniently located within walking distance from light rail, elementary school and nearby entertainment, employment, and schools. Proforma cap rate at 5.9%. *All figures are approximate, buyer to verify all MLS information. Do Not Disturb Tenants. Drive-by only!
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 6.00 Lot Size Dimensions 19600 Parking Add'l Parking AvailCarportStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 660 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 766 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 Bi Oven/RangeW/D Hookup Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 1 Floors CarpetCeramic Tile Heating Heat Pump

    Property Features

    1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 5 2 Bedroom Unit Avg Rent 1200.00 2 Bedroom Units 1 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 66405.00 Annual Elec Exp 0.00 Annual Ins Exp 3200.00 Annual Landscape Exp 1800.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 5500.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 4320.00 Community Amenities No Pool Cross Street Pioneer & 3rd Efficiency Unit Avg Rent 925.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 69900.00 Hoa YN No Net Operating Income 48375.00 New Financing 1031 ExchangeConventional Operating Exp 18033.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Mesa Taxes 213.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water Irrigation Zoning Rm-3

    Listing courtesy of My Home Group 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 2021-04-16T21:14:24.86.
     
    https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6202314-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6202314-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6202314-2.jpg
    Logo
    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206