38 W Southern Avenue Unit 3, Mesa, AZ 85210

$500,000
Sold Price
$500,000
List Price
$510,000
Status
CLOSED
Closing Date
Nov 30, 2023
Days on Market
112
MLS#
6591287
City
Mesa
Year Built
1976

Property Description

Great investment opportunity. Three units that are all two bedroom one bath. Also three outside storage closets and laundry. Rental rates in the area are around $1200. Actual rents $900 each. All leases expire on Oct 31,2023. Roof is about 15 years old, Ac's about the same age except for one that was replaced last year. All Units have had the same tenants for almost 20 years. Please do not disturb or talk with the tenants. We have an FHA appraisal for 515,000.

Additional Information

Taxes
$755
Net Operating Income
$29,400
Cap Rate
5.76
Units
3
Flooring
Other, Vinyl
Parking Features
Attached, >1 Space Per Unit, Common
Construction
Painted, Stucco, Block
Roofing
Rolled/Hot Mop
Cooling
Heat Pump
Heating
Heat Pump
Zoning
RM-4
Subdivision
Beall Park 2
Community Features
No Pool
Electric
SRP
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
Electricity
New Financing
Conventional, 1031 Exchange
School District
Mesa Unified District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of HomeSmart. Selling Office: HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.