505 N Williams Street, Mesa, AZ 85203

$1,300,000
List Price
$1,300,000
Status
ACTIVE
Days on Market
5
MLS#
6218282
City
Mesa
Lot Size
8
Year Built
1963

Property Description

We are pleased to announce Eight on Williams in Mesa. This property is excellent unit mix all two bedroom one bath units. Property has had some recent capital expenders. New roof on back building, new paint and landscaping. Some units have granite counter tops updated kitchens flooring and bathrooms. Garden building in back have private yards. All units have covered parking. Some units have washer hooks as well. Great opportunity for value you add. Current rents are below market 875-975. Market rents are 1,100-1,200. Projected proforma on property. All facts and figures are approximate buyer verify MLS information. Seller holds an active AZ real estate license. Drive by only tenants are unware of the sale. No showings without accepted contract.

Additional Information

Gross Annual Sch Inc
105600
Adjusted Gross Inc
100320
Taxes
$1,570
Annual Ins Exp
2500
Annual Mgmt Exp
5760
Annual Maint Exp
4000
Annual Elec Exp
300
Annual Water Sewer Exp
3000
Annual Trash Exp
3000
Annual Landscape Exp
1200
Operating Exp
21330
Net Operating Income
$78,990
Units
8
Project Type
5 - 12 Units
Construction
Block, Frame - Wood
Roofing
Comp Shingle
Parking
Carport
Cooling
Electric Refrigeratd
Heating
Other (See Remarks)
Floors
Carpet
Interior Amenities
Unfurnished
Exterior Amenities
Green Landscaping
Zoning
R
Community Amenities
No Pool
Electric
SRP
Gas
Other (See Remarks)
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
Seller May Carry
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.