261 S Doran --, Mesa, AZ 85204

$815,000
List Price
$815,000
Status
ACTIVE
Days on Market
7
MLS#
6443719
City
Mesa
Lot Size
6
Year Built
1981

Property Description

261 South Doran is a 4-unit property built in 1981 withwood-frame construction. The property consists of (4)two-bedroom / one-bathroom unit types. The units areindividually metered for electricity and hot water. Tenants enjoyin-suite washers & dryers, yards, and at-unit covered parking.Residents enjoy close proximity to Downtown Mesa and aMetro Light Rail station located less than 1/3rd mile north ofthe propery on Main Street. All areas of the Phoenix Valley areaccessible from 261 South Doran by way of the Red MountainFreeway (Loop 202), Superstition Freeway (US 60), andPrice Freeway (Loop 101).261 South Doran is located in a high-rent growth area.According to the Zumper National Rent Report, Mesaexperienced 21% rent growth in 2021. The property is located near Mesa's vibrant downtown area which offers numerous dining, entertainment, and recreational opportunities. Pioneer Park, with its recent major upgrades, Reed Skate Park, and Ellsworth Park are all a short distance from the property. Significant employers in proximity to the property include Banner Health, Mesa Riverview, Casino Arizona, Mesa Community College, and East Valley Institute of Technology.

Additional Information

Gross Annual Sch Inc
1
Other Income
3400
Adjusted Gross Inc
3298
Taxes
$1,495
Operating Exp
1495
Net Operating Income
$54,106
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Other (See Remarks)
Parking
Carport
Cooling
Ceiling Fan(s), Electric
Heating
See Remarks
Floors
Ceramic Tile
Zoning
RM-4
Community Amenities
No Pool
Electric
Other (See Remarks)
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Other (See Remarks)
New Financing
1031 Exchange, Conventional, Other (See Remarks)
School District
004 - Mesa Unified District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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