149 N Phyllis Street Unit #205, Mesa, AZ 85201

$489,900
List Price
$489,900
Status
ACTIVE
Price Change
▲ $39,900 1614649523
Days on Market
14
MLS#
6196040
City
Mesa
Year Built
1983

Property Description

Welcome to La Mesita Triplex. This fully leased Triplex in Mesa, is situated two blocks north of the Main Street/Apache development corridor. The property is within close proximity to the 101 freeway and Tempe and is also within walking distance to the light rail. This 1983 constructed building has been well maintained and sits on a prime corner lot with great curb appeal. All three units feature 2 beds, 1 bath, full size W/D hookups, updated kitchens/baths, and tile/laminate flooring. The two lower units each have private back yards, while the upper unit has a large private balcony. CapEx includes an A/C unit installed in 2019, and another installed in 2016. [more...] Cap Rate on current rent estimated at 4.93%, with rents of $950, $925, and $925. ProForma Cap Rate estimated at 6.19%, based on market rents of $1100 per unit. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Additional Information

Gross Annual Sch Inc
39600
Adjusted Gross Inc
37620
Taxes
$967
Annual Ins Exp
1400
Annual Mgmt Exp
2688
Annual Maint Exp
2000
Annual Water Sewer Exp
1200
Annual Trash Exp
1000
Annual Landscape Exp
500
Operating Exp
9755
Net Operating Income
$27,865
Units
3
Project Type
Tri-Plex
Pool
Yes
Guest House SqFt
5
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Free, Paved Parking
Cooling
Electric Refrigeratd, Individual
Heating
Electric, Individual
Floors
Ceramic Tile, Concrete, Vinyl/Composition
Interior Amenities
Basement, Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Landscape Wtr System, Patio/Balcony, Security Light(s), Separate Storage
Zoning
RM-4
Subdivision
La Mesita
Electric
SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric
New Financing
1031 Exchange, Conventional, FHA, VA
Elementary School
Powell Junior High School
Middle School
Powell Junior High School
High School
Westwood High School
School District
004 - Mesa Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Grace CRE.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.