1500 E Dana Avenue, Mesa, AZ 85204

$1,120,000
List Price
$1,120,000
Status
ACTIVE
Days on Market
12
MLS#
6197179
City
Mesa
Year Built
1968

Property Description

Welcome to Seven on Dana. Situated two blocks south of the Main Street development corridor, this property is within walking distance to the light rail. Included in the listing are 2 parcels totaling 1.06 acres; the first parcel is a 7-unit complex (.634 acres) featuring 2 triplexes and a 2-bedroom house. Triplex mix includes one newly updated 3-bed/2 bath, three 2-bed units, a large 1-bed unit, and a studio. The City of Mesa may allow the option to develop and build up to 8 additional units on the second parcel of .43 acres. ProForma Cap Rate is estimated at 5.87%, based on market rents. 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
94800
Adjusted Gross Inc
90060
Taxes
$1,895
Annual Ins Exp
3620
Annual Mgmt Exp
4503
Annual Maint Exp
6000
Annual Water Sewer Exp
4800
Annual Trash Exp
2500
Annual Landscape Exp
1200
Operating Exp
24518
Net Operating Income
$65,698
Units
7
Project Type
5 - 12 Units
Pool
Yes
Guest House SqFt
14
Construction
Block, Brick
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Street Parking
Cooling
Electric Refrigeratd
Heating
Ceiling Fan(s), Electric
Floors
Ceramic Tile
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds
Exterior Amenities
Green Landscaping
Zoning
RM-2
Subdivision
Los Ranchitos
Electric
SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric
New Financing
1031 Exchange, Conventional, Other (See Remarks)
Elementary School
Longfellow Elementary School
Middle School
Poston Junior High School
High School
Mesa High School
School District
004 - Mesa Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
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.