$130,000
Mesa, AZ 85204
MLS# 5212302
Status: Closed
1 / 10
Property Description
This is a duplex located on a spacious corner lot. Each unit is a 2 Bedroom 1 Bath with approximately 700 sq. ft. per unit. The units have been completely renovated with new kitchen, remodeled baths with tiled floors, hardwood floors throughout. Originally built in 1960. PLEASE DISREGARD THE Adjusted Gross Inc NOTED BELOW, AS IT IS INCORRECTLY CALCULATED BY ARMLS.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $130,000
Sold Price: $130,000
Status: Closed
List Date: 2014-12-01
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): ALLEN PARK
Assessor's Parcel #: 13
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421501
Taxes: 1280
Legal: ALLEN PARK PT LOT 28 E 65' & E 65' OF S 58'
Marketing Name: South Olive Duplex
Map Code/Grid: R39
House Number: 62
Compass: S
Street Name: OLIVE
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1034
County Code: Maricopa
Assessor Number: 138-28-013
Tax Year: 2014
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 65 x 114
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1960
Zoning: RM-2
Legal Info
Range: 5E
Section: 23
Township: 1N
Lot Number: 28
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Rolled: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 300
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 1073
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 300
Annual Other Expense: 0
Operating Exp: 7153
Other Income: 150
Vacancy Allowance: 3
Pmt & Rate Info
Cap Rate: 5.48
Down Payment: 34000
Equity: 170000
Down Payment %: 20
Monthly Payments: 673
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Interest: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
No Prepay Penalty: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Cell Phn2: 602-653-3600
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 650
Avg SqFt: 700
# 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: Main St & Olive
Directions: South on Olive to property on west side.
Geo Lat: 33.41312
Geo Lon: -111.817688
Status Change Info
Off Market Date: 2015-02-02
Under Contract Date: 2015-01-30
Close of Escrow Date: 2015-02-27
Sold Price: $130,000
Income Expenses
Gross Annual Sch Inc: 15600
Net Operating Income: 9314
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Payment Includes: Principal; Interest
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; On Street; >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable; No Prepay Penalty
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: FHA; Conventional
Environmental: None
Listing Office: Kasten Long Commercial Group
Last Updated: November - 24 - 2025
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