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    62 S Barkley

    Mesa, AZ 85204
    • $985,000
    • STATUS: Closed
    • ON SITE: 138 days
    • MLS #: 6208487
    Sold - 05/17/2021
    $985,000
    SOLD - 05/17/2021
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Information

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

    Description

    These seven units on Barkley are a tenants dream! Well maintained, patio style building with seven spacious 2 bedroom/1 bath units. This 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. Irrigated lawn stays beautiful and green, even in the desert! Conveniently located within walking distance from light rail and nearby entertainment, employment, and schools. Proforma cap rate at 6.07%. *All figures are approximate, buyer to verify all MLS information. Do Not Disturb Tenants. Drive-by only!

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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 2021-08-03T00:12:36.763.
    www.yournextphoenixhome.com/homes/115204085
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    62 S Barkley Mesa, AZ 85204

    • Price: $1,050,000
    • Status: Closed
    • Updated: 58 min ago
    • MLS #: 6208487
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    La Zona Acres Lots 15 Thru 19 38 Thru 43
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Longfellow Elementary School
    Middle School:
    Poston Junior High School
    High School:
    Mesa High School
    School District:
    004 - Mesa Unified District
    Property Description
    These seven units on Barkley are a tenants dream! Well maintained, patio style building with seven spacious 2 bedroom/1 bath units. This 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. Irrigated lawn stays beautiful and green, even in the desert! Conveniently located within walking distance from light rail and nearby entertainment, employment, and schools. Proforma cap rate at 6.07%. *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 4.00 Exterior Amenities Cable Tv AvailableSeparate Storage Lot Size Dimensions 21168 Parking >1 Space Per UnitStreet ParkingPaved ParkingFreeCarport Roads DirtPrivate Street Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 700 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 0 Floors CarpetVinylCeramic Tile Heating ElectricHeat Pump

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1200.00 2 Bedroom Units 7 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 95760.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 3000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 2400.00 Annual Legal And Acctg 0.00 Annual Maint Exp 5000.00 Annual Mgmt Exp 8000.00 Annual Other Expense 1800.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 1200.00 Annual Wtr Swr Exp 9000.00 Community Amenities No Pool Cross Street Stapley And Main Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 100800.00 Hoa YN No Net Operating Income 63754.00 New Financing 1031 ExchangeConventional Operating Exp 32006.00 Other Income 0.00 Owner Pays LandscapingWaterTrash CollectionSewer Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Estate Sale Tax Municipality Maricopa - County Taxes 1606.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.05 Water City FranchiseIrrigation Zoning Buyer To Verify

    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 2021-08-03T00:12:36.763.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206