2956 E Cicero Street, Mesa, AZ 85213

$850,000
Sold Price
$850,000
List Price
$825,000
Status
CLOSED
Closing Date
May 25, 2022
Days on Market
41
MLS#
6383283
City
Mesa
Lot Size
4
Year Built
1985

Property Description

Great Investment! These units are All 2 Bed & 2 Baths with inside laundry and the Largest Floor Plans On Cicero! Rents are close to current Market Rents At: #101: $1300; #102: $1300; #201: $975; #202: $1025. Unit #201 & #202 are longer term tenants with Potential for an Extra $600 in Cash Flow per Month. Unit #101 & #102 are New Leases & #201 & #202 are Currently Month to Month! Newer water heaters in the last few years; (1) New AC unit installed in 2021! All units have a mixture of Tile & Wood Laminate or Tile and Carpet. The Roof is All Tile. The building also has Covered Parking! Washers and Dryers are inside each Unit and are included with the building. The Exterior of the Building was Recently Painted. Great Curb Appeal! Several pictures of all (4) units! Please Do NOT Disturb Tenants

Additional Information

Gross Annual Sch Inc
55200
Adjusted Gross Inc
55200
Taxes
$2,303
Annual Ins Exp
1700
Annual Mgmt Exp
3560
Annual Maint Exp
2403
Annual Water Sewer Exp
3600
Annual Landscape Exp
1345
Operating Exp
14911
Net Operating Income
$40,289
Units
4
Project Type
5 - 12 Units, Duplex, Four Plex, Tri-Plex
Construction
Frame - Wood
Roofing
Tile
Parking
<1 Space Per Unit, Carport, Paved Parking, Street Parking
Cooling
Ceiling Fan(s), Electric, Heat Pump
Heating
Electric, Heat Pump
Floors
Carpet, Ceramic Tile, Vinyl, Wood
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Exterior Amenities
Cable TV Available, Desert Landscaping, Security Light(s), Separate Storage
Zoning
RM-3
Subdivision
University Villa East
Community Amenities
No Pool
Electric
Individual Meter, SRP
Gas
None
Water
City Franchise, Master Meter
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric
New Financing
1031 Exchange, Conventional, No Carry
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 Duckett Management & Real Estate. Selling Office: Mark Brower Properties, LLC.

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.