$925,000
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SOLD DATE : 03/16/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mesa City Arizona
MLS Listing ID 6328496
Sold Date 03/16/22
Year Built 1957
Annual Tax Amount $1,192
Tax Year 2021
Lot Dimensions 65 x 165
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Gorgeous 4-plex nestled in the absolute center of Millionaire's Row in Downtown Mesa which was named one of the ''Valley's Best Neighborhoods of 2021'' by Phoenix Magazine. The spacious suites are designed as two separate houses surrounded by estate homes within this exceptional neighborhood. Three suites are 2 bed/1bath and one suite is 1 bed/1 bath totaling 3,423 sf. Only a couple blocks from ASU's New American Film School for 800 students plus faculty, Main Street's vibrant restaurant and retail scene, the Mesa Arts Center, popular museums, and light rail. The property includes lush landscaping along with plenty of parking. Existing long term tenants with annual leases. Rare opportunity in center of highly desired neighborhood. Cap Rate of 5.2%
Location
State AZ
County Maricopa
Community Mesa City Arizona
Zoning DR-2
Interior
Heating Central, Heat Pump, Window/Wall Unit(s), 2 or More Units, Electric, Natural Gas
Cooling Central Air, Window/Wall Unit, Heat Pump, 2 or More Units
Flooring Carpet, Ceramic Tile
Appliance Free-Standing Range, Refrigerator, W/D Hookup
Exterior
Parking Features Other, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water Irrigation, City Franchise
New Construction No
Schools
Elementary Schools Emerson Elementary School
Middle Schools Carson Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-34-025
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Berkshire Hathaway HomeServices Arizona Properties