$540,000
Mesa, AZ 85203
MLS# 6372563
Status: Closed
1 / 40
Property Description
Well-maintained Triplex in the heart of Mesa. Value add opportunity. All units are 2br/1ba at $900/mo. All 3 leases expire 7/31/2022. Plenty of room to raise to $1100+ market rents. Showings in escrow only-100% occupied. Do not disturb tenants. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $540,000
Sold Price: $540,000
Status: Closed
List Date: 2022-03-23
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 7 FERRIN HOMES MCR 006618
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Mesa
Taxes: 1123
Legal: LOT 7 FERRIN HOMES MCR 006618
Marketing Name: Lesueur Triplex
Map Code/Grid: R39
House Number: 303
Compass: N
Street Name: LESUEUR
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7919
County Code: Maricopa
Subdivision: FERRIN HOMES
Assessor Number: 138-25-019
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 9772 sqft
Flood Zone: No
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1962
Zoning: M-H MultiFamily
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 7
Project Type
Tri-Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1036
Annual Landscape Exp: 960
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5519
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 32400
Total Monthly Rental Income: 2700
Pmt & Rate Info
Cap Rate: 4.67
Equity: 575000
Down Payment %: 20
Monthly Payments: 360
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Heat Pump: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Green Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
W/D Hookup: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 900
Avg SqFt: 836
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: N Mesa Dr and E University Dr
Directions: From N Mesa Dr and E University Dr, go east and turn south on N Lesueur, property will be on your left (east).
Geo Lat: 33.420623
Geo Lon: -111.820362
Status Change Info
Off Market Date: 2022-06-03
Under Contract Date: 2022-04-05
Close of Escrow Date: 2022-06-09
Sold Price: $540,000
Income Expenses
Gross Annual Sch Inc: 32400
Net Operating Income: 26881
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Brick Veneer
Roofing: Foam
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Partially Fenced; Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; On Street; >1 Space Per Unit; Assigned
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional; Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; VA; Conventional; 1031 Exchange
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 07 - 2025
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