260 W 8TH Avenue , #25

    Mesa, AZ 85210
    • $410,000
    • STATUS: Pending
    • MLS #: 5978290
    Pending
    UPDATED: 57 min ago
    $410,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Information

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

    Description

    Plug and Play - easy out-of-state owner/mgr 4-plex (4 units per building) investment opportunity. There are a total of 6 buildings (24 units in total) for sale in this complex (3 different owners). Owner just pays the water/trash which averages $225/month. HOA is ~$315/month. No landscape maintenance! Units have washer/dryer hook-ups and 2nd level outdoor balconies. Current rents within these 6 buildings range from $725 to $850 with community rents as high as $1100 (units in the same complex/same condition)! The last building just sold for $438,000 - take advantage of the instant equity and buy all 6 (they can be sold separately as well). Buildings for sale are buildings #2, #4, #5, #11, #13 and #25.

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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 The Property Partners at eXp Realty. Data last updated 2019-12-14T10:10:59.33.
    www.propertypartnersaz.com/homes/98956212

    260 W 8TH Avenue , #25 Mesa, AZ 85210

    • Price: $410,000
    • Status: Pending
    • Updated: 57 min ago
    • MLS #: 5978290
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1985
    Built
    Neighborhood:
    Amberwood Manor Amd Lot 1-41 Tr A-R
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    School District:
    004 - Mesa Unified District
    Property Description
    Plug and Play - easy out-of-state owner/mgr 4-plex (4 units per building) investment opportunity. There are a total of 6 buildings (24 units in total) for sale in this complex (3 different owners). Owner just pays the water/trash which averages $225/month. HOA is ~$315/month. No landscape maintenance! Units have washer/dryer hook-ups and 2nd level outdoor balconies. Current rents within these 6 buildings range from $725 to $850 with community rents as high as $1100 (units in the same complex/same condition)! The last building just sold for $438,000 - take advantage of the instant equity and buy all 6 (they can be sold separately as well). Buildings for sale are buildings #2, #4, #5, #11, #13 and #25.
    Exterior Features

    Construction Frame - WoodFrame - MetalOther (See Remarks) Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 80X83 Parking Carport>1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp ShingleOther (See Remarks) Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 4 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 W/D HookupOther (See Remarks) Cooling Central A/COther (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/Composition Heating ElectricOther (See Remarks) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 4 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 Southern Ave/Country Club Ave ( 8Th Ave) Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual MeterOther (See Remarks) Gas None Gross Annual Sch Inc 0.00 Hoa YN Yes Net Operating Income 0.00 New Financing Other (See Remarks) Operating Exp 1262.00 Other Income 0.00 Owner Pays WaterSewerTrashOther (See Remarks) Project Type Other (See Remarks)Four Plex Sale Includes Building(S) OnlyLand & BuildingOther (See Remarks) Sewer Other (See Remarks) Source Of Financial Data UnknownOther (See Remarks) Tax Municipality Maricopa - County Taxes 1262.00 Tenant Pays Electric Vacancy Allowance 0.00 Water Master MeterCity FranchiseOther (See Remarks) Zoning R3

    Listing courtesy of Distinguished Properties.


    © 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 The Property Partners at eXp Realty. Data last updated 2019-12-14T10:10:59.33.
     
    The Property Partners at eXp Realty
    7454 E Broadway Blvd
    Tucson AZ, 85710