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    417 N Hill

    Mesa, AZ 85203
    • $1,100,000
    • STATUS: Active
    • ON SITE: 120 days
    • MLS #: 6138629
    UPDATED: 29 min ago
    $1,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air, desert landscaping. Units are currently under rented at current gross rent is $6415 monthly. Value add opportunity with opportunity to raise rents. Current rent collection is about 801 a unit about a 4.76% on actual. Market rent 1,150 with remodel and raised rents proforma cap about a 7%. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of sale.

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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 2021-01-27T14:12:43.1.
    www.yournextphoenixhome.com/homes/110476539
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    417 N Hill Mesa, AZ 85203

    • Price: $1,100,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 6138629
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    Neighborhood:
    Ko Ko Palms
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air, desert landscaping. Units are currently under rented at current gross rent is $6415 monthly. Value add opportunity with opportunity to raise rents. Current rent collection is about 801 a unit about a 4.76% on actual. Market rent 1,150 with remodel and raised rents proforma cap about a 7%. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of sale.
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 8.00 Exterior Amenities Green Landscaping Lot Size Dimensions 130 X 80 Parking Carport Roads Treated Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 856 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/RangeRefrigerator Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Carpet Heating Other (See Remarks) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1150.00 2 Bedroom Units 8 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 104880.00 Annual Elec Exp 1000.00 Annual Gas Exp 0.00 Annual Ins Exp 3000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 5000.00 Annual Mgmt Exp 3710.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 4350.00 Community Amenities No Pool Cross Street University & Stapley Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Other (See Remarks) Gross Annual Sch Inc 110400.00 Hoa YN No Net Operating Income 80280.00 New Financing Other (See Remarks) Operating Exp 24600.00 Other Income 0.00 Owner Pays SewerWater Project Type 5 - 12 Units Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 4840.00 Tenant Pays Electric Totl Mnth Rntal Inc 9200.00 Vacancy Allowance 0.05 Water City Franchise Zoning R

    Listing courtesy of Grace Cre.


    © 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 2021-01-27T14:12:43.1.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206