$1,375,000
$1,397,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/11/2020
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ko Ko Palms
MLS Listing ID 6157836
Sold Date 12/11/20
Year Built 1963
Annual Tax Amount $2,048
Tax Year 2020
Lot Dimensions 115x80
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Owner/Agent managed (11) UNITS, 2 buildings in Mesa. Both buildings have newer roofs, NEW steps on stairs, ALL of the units get updated during tenant turnovers. A few of the AC units have been replaced past 12 months, the rest of the units are maintained every summer, tenants filters get changed 3-4 times per year by us. Building consists of: (5) 1BR/ 1BA (4) 2 BR/1BA and (2) 2BR/2BA 2 large units. TOTAL: 11 units that you can turn into a 13 unit as it used to be, See Documents Tabs for VALUE ADD suggestions and expenses, make up to 25k more yearly in additional income on this building! Documents tab also has one years worth of electric and utility bills to show the expenses are low in here! For the serious buyer we have monthly P&L. less than 5 miles to EVIT, Light Rail, US-60 FRWY.
Location
State AZ
County Maricopa
Community Ko Ko Palms
Zoning RM-3
Direction West on University to Hill, Right/North buildings are on the left just before the road curves at the end of street.
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Ceramic Tile, Concrete
Appliance Other, Refrigerator, W/D Hookup
Exterior
Parking Features Paved, Free, Assigned, Add'l Parking Avail, On Street
Community Features No Pool
Roof Type Composition
Total Parking Spaces 11
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 137-37-004-A
Acceptable Financing Other (See Remarks), Conventional
Listing Terms Other (See Remarks), Conventional
Financing Exchange
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