643-75 E Brown Road

    Mesa, AZ 85203
    • $2,400,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 5981268
    UPDATED: 44 min ago
    $2,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Truly rare offering! 16 total units, 8 buildings, and 5 lots. Near Downtown Mesa, 202, A's/Cubs! The complex is situated in its own private cul-de-sac that comprises 1+ acres. Abuts Mesa bike path! Built from 1972-1980. All big 2 bedroom units at 822 SF+/-. This package sale is offered with seller financing only. Terms: 30% down payment, 5% interest rate, 30 yr amortization, with a 5 year term/balloon. Well over $100,000 in recent major improvements that include many new roofs, fascia, painting, landscaping, unit upgrades, etc. Recent unit (661) rented for $980. Solid value-add with strong long-term upside. See attached OM/Seller Financing Addendum draft. Buyer to complete/rely on own due diligence. Inc/Exp/SF estimated. No showings until escrow. Assemblage sale w/seller financing only!

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CC & Co. Real Estate Team | Keller Williams Realty Phoenix. Data last updated 2019-10-14T12:11:22.707.
    www.joyofcominghome.com/homes/99189393

    643-75 E Brown Road Mesa, AZ 85203

    • Price: $2,400,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 5981268
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1974
    Built
    Neighborhood:
    Enchanted Village
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Edison Elementary School
    Middle School:
    Kino Junior High School
    High School:
    Westwood High School
    School District:
    004 - Mesa Unified District
    Property Description
    Truly rare offering! 16 total units, 8 buildings, and 5 lots. Near Downtown Mesa, 202, A's/Cubs! The complex is situated in its own private cul-de-sac that comprises 1+ acres. Abuts Mesa bike path! Built from 1972-1980. All big 2 bedroom units at 822 SF+/-. This package sale is offered with seller financing only. Terms: 30% down payment, 5% interest rate, 30 yr amortization, with a 5 year term/balloon. Well over $100,000 in recent major improvements that include many new roofs, fascia, painting, landscaping, unit upgrades, etc. Recent unit (661) rented for $980. Solid value-add with strong long-term upside. See attached OM/Seller Financing Addendum draft. Buyer to complete/rely on own due diligence. Inc/Exp/SF estimated. No showings until escrow. Assemblage sale w/seller financing only!
    Exterior Features

    Construction Block Construction Finish PaintedBrick Trim/Veneer Covered Parking Spaces 16.00 Exterior Amenities Desert LandscapingFencedPartially FencedCable Tv AvailablePatio/BalconySeparate StorageSecurity Light(S)Other (See Remarks) Lot Size Dimensions Irr Parking FreeOther (See Remarks)Carport>1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp ShingleOther (See Remarks) Total Parking Spaces 24.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 822 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeRefrigeratorDishwasherDisposalOther (See Remarks) Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteCarpetCeramic TileOther (See Remarks)Vinyl/Composition Heating ElectricIndividual Interior Amenities UnfurnishedVertical BlindsFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 980.00 2 Bedroom Units 16 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No PoolOther (See Remarks) Cross Street Brown And Horne Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Mobile Home Park Double Wide Spaces 0 Mobile Home Park Overnight Spaces 0 Mobile Home Park Oversize Spaces 0 Mobile Home Park Rv Spaces 0 Mobile Home Park Single Wide Spaces 0 Mobile Home Park Total Number Spaces 0 Net Operating Income 0.00 New Financing Other (See Remarks)Seller May Carry Operating Exp 5487.00 Other Income 0.00 Other Type Other (See Remarks) Owner Pays WaterSewerTrashLandscaping Payment Includes PrincipalInterestTaxes Project Type 13 - 24 Units Sale Includes Land & BuildingLaundry EquipmentOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Mesa Taxes 5487.00 Tenant Pays ElectricGasCable Tv Vacancy Allowance 0.00 Water City FranchiseOther (See Remarks) Zoning Multi

    Listing courtesy of Platinum Living Realty.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CC & Co. Real Estate Team | Keller Williams Realty Phoenix. Data last updated 2019-10-14T12:11:22.707.
     
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    Tempe AZ, 85282