1815 N Spring --, Mesa, AZ 85203

$689,000
Sold Price
$689,000
List Price
$699,000
Status
CLOSED
Closing Date
Jun 06, 2022
Days on Market
57
MLS#
6381549
City
Mesa
Year Built
1982

Property Description

Excellent North Mesa location. Great, long-term tenants in place, but potential value add, and there is room for immediate improvement in the rents. All 2 bed/1 bath units with tile flooring throughout. Landscaping maintained by the HOA. Tenants pay their own electric. Please do not disturb the tenants.

Additional Information

Gross Annual Sch Inc
40200
Adjusted Gross Inc
38190
Taxes
$1,469
Annual Ins Exp
1000
Annual Mgmt Exp
2880
Annual Maint Exp
2000
Annual Water Sewer Exp
2500
Annual Owner Assoc Fee
1824
Operating Exp
11673
Net Operating Income
$26,517
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Paved Parking
Cooling
Ceiling Fan(s), Central A/C, Electric
Heating
Electric
Floors
Ceramic Tile
Exterior Amenities
Separate Storage
Zoning
RM-4
Subdivision
North Mesa Village
Community Amenities
No Pool
Electric
Individual Meter, SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric
New Financing
1031 Exchange, Conventional
Elementary School
Lehi Elementary School
Middle School
Kino Junior High School
High School
Westwood High School
School District
004 - Mesa Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of McMath Realty LLC. Selling Office: Better Homes & Gardens Real Estate SJ Fowler.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.