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.
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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
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Listing courtesy of ABI Multifamily.
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