931 N Orange

    Mesa, AZ 85201
    • $550,000
    • STATUS: Active Under Contract
    • ON SITE: 21 days
    • MLS #: 6073936
    Under Contract
    UPDATED: 75 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Built in 1960 and is made up of two individually parceled buildings which include a triplex and a duplex. The two buildings neighbor one another and are connected by a single water line. This sale offers buyers the unique option to purchase the properties under commercial financing or two residential loans, one for each parcel. The triplex boasts (3) 2-bedroom / 1-bathroom units and the duplex includes (2) 1-bedroom / 1-bathroom units. The 2-bedroom units each include an additional dressing room accompanied with a stand-alone sink. A brand new roof has been installed on the triplex in 2019. The apartments have covered parking for each unit, as well as available street parking. This property has tremendous upside through interior and exterior renovations on the next turn of leases.

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    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-26T22:11:10.323.
    www.yournextphoenixhome.com/homes/105550728

    931 N Orange Mesa, AZ 85201

    • Price: $550,000
    • Status: Active Under Contract
    • Updated: 75 min ago
    • MLS #: 6073936
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    Neighborhood:
    Indian Arms
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Built in 1960 and is made up of two individually parceled buildings which include a triplex and a duplex. The two buildings neighbor one another and are connected by a single water line. This sale offers buyers the unique option to purchase the properties under commercial financing or two residential loans, one for each parcel. The triplex boasts (3) 2-bedroom / 1-bathroom units and the duplex includes (2) 1-bedroom / 1-bathroom units. The 2-bedroom units each include an additional dressing room accompanied with a stand-alone sink. A brand new roof has been installed on the triplex in 2019. The apartments have covered parking for each unit, as well as available street parking. This property has tremendous upside through interior and exterior renovations on the next turn of leases.
    Exterior Features

    Construction BlockFrame - MetalFrame - Wood Construction Finish Other (See Remarks) Covered Parking Spaces 2.00 Lot Size Dimensions 130Ft X 110Ft Parking <1 Space Per UnitCarportStreet Parking Roads Dedicated Street Roofing Other (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 750 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 850 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/RangeRefrigeratorWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Central

    Property Features

    1 Bedroom Unit Avg Rent 600.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 650.00 2 Bedroom Units 3 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 48412.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1250.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1000.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 3737.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 3600.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual Meter Gas Individual Meter Gross Annual Sch Inc 48900.00 Hoa YN No Net Operating Income 29582.00 New Financing Conventional Operating Exp 11108.00 Other Income 500.00 Owner Pays ElectricLandscapingSewerTrash CollectionWater Project Type 5 - 12 UnitsDuplexTri-Plex Sale Includes Building(S) OnlyLaundry Equipment Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Mesa Taxes 1521.00 Tenant Pays ElectricGas UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.02 Water Master Meter Zoning R-R

    Listing courtesy of Abi Multifamily.


    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-26T22:11:10.323.
     
    Brett Tanner Home Selling Team | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206