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
- 110
- MLS#
- 6591287
- City
- Mesa
- Lot Size
- 3
- 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.
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Additional Information
- Gross Annual Sch Inc
- 32400
- Adjusted Gross Inc
- 31428
- Taxes
- $755
- Annual Water Sewer Exp
- 1800
- Operating Exp
- 2555
- Net Operating Income
- $29,400
- Units
- 3
- Project Type
- Tri-Plex
- Construction
- Block
- Roofing
- Rolled
- Parking
- >1 Space Per Unit, Attached, Carport
- Cooling
- Heat Pump
- Heating
- Heat Pump
- Floors
- Other, Vinyl
- Interior Amenities
- Unfurnished
- Exterior Amenities
- Desert Landscaping, Fenced
- Zoning
- RM-4
- Subdivision
- Beall Park 2
- Community Amenities
- No Pool
- Electric
- SRP
- Gas
- None
- Water
- City Franchise
- Sewer
- Sewer - Public
- Tenant Pays
- Electric
- New Financing
- 1031 Exchange, Conventional
- School District
- Mesa Unified District
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Listing courtesy of HomeSmart. Selling Office: HomeSmart.
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