3034 E Cicero Street, Mesa, AZ 85213

$595,000
List Price
$595,000
Status
PENDING
Days on Market
13
MLS#
6214464
City
Mesa
Year Built
1984

Property Description

Opportunity knocks. Rare 4 plex with all 2 bed 2 bath units. NO HOA to worry about either. These large units have in unit full size washer dryer hook ups, spacious kitchens, large living and dining areas and lots of storage. Recent updates include Freshly painted interiors, flooring replaced where needed and some tubs recoated. This property has been owned by a non-profit and will be sold vacant allowing you to rent the property at current market rental rates. Owner currently pays water, sewer and trash, but new owner can take the opportunity to bill tenants monthly for water on top of rent. Final touches are being finished on these units and the property will be active shortly. Great chance to add this to your portfolio.

Additional Information

Gross Annual Sch Inc
45600
Adjusted Gross Inc
43320
Annual Ins Exp
1500
Annual Maint Exp
2000
Annual Water Sewer Exp
4474
Annual Landscape Exp
300
Operating Exp
8274
Net Operating Income
$33,046
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Tile
Parking
Paved Parking
Cooling
Electric Refrigeratd
Heating
Electric
Floors
Carpet, Other (See Remarks), Vinyl/Composition
Interior Amenities
Unfurnished
Zoning
RM-3
Subdivision
University Villa East
Community Amenities
No Pool
Electric
SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
1031 Exchange, Conventional
Elementary School
Highland Elementary School
Middle School
Poston Junior High School
High School
Mountain View 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 West USA Realty.

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.