422 S WILBUR Street, Mesa, AZ 85210
$900,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$900,000
Last Modified:
4/30/2024
Description
Well cared for and updated 5 plex consisting of 3 separate buildings: 2 duplexes and a standalone building with a fenced yard. All units are 2 bedrooms, 1 bath. Each unit features individual laundry hookups. The buildings are all block construction with pitched roofs for lower maintenance. Located south of downtown Mesa, near employment, freeway, and light rail access.
More Information MLS# 6667641
Contract Info
Current Price: $900,000
List Price: $900,000
Status: Active
List Date: 2024-02-22
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 422
Compass: S
Street Name: WILBUR
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85210
Zip4: 2707
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ALMOND PLACE S2 LOT 2 AKA MCR 023-18, BLK 84
Subdivision: ALMOND PLACE
Assessor's Map #: 36
Assessor's Parcel #: 6
Add'l Parcels: No
Assessor Number: 139-36-006
Legal: ALMOND PLACE S2 LOT 2 AKA MCR 023-18, BLK 84
Census Tract: 422001
Tax Municipality: Mesa
Taxes: 1558
Tax Year: 2023
Marketing Name: Almond Place
General Property Description
Lot Size Dimensions: 15964
Year Built: 1962
Uncvrd Parking Spcs: 2
Total # of Units: 5
# of Buildings: 3
Zoning: TCR-2
Elementary School: Lincoln Elementary School
Jr. High School: Kino Junior High School
High School: Mesa High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Broadway Rd and Mesa Dr
Directions: West on Broadway Rd. South on Wilbur to property.
Geo Lat: 33.40711
Geo Lon: -111.825606
Status Change Info
Status Change Date: 2024-03-19
Legal Info
Township: 1N
Range: 5E
Section: 27
Lot Number: 2
Income & Expenses
Annual Ins Exp: 1500
Annual Mgmt Exp: 8
Annual Wtr/Swr Exp: 4500
Owner Association: No
Operating Exp: 7566
Gross Annual Sch Inc: 63480
Adjusted Gross Inc: 63480
Net Operating Income: 53874
Pmt & Rate Info
Cap Rate: 5.99
Down Payment %: 20
Monthly Payments: 4316.76
Equity: 900000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1024
Avg SqFt: 650
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Amenities: No Pool
Exterior Amenities: Fenced
Interior Amenities: Unfurnished
Appliances Included: None
Heating: Natural Gas
Cooling: Evaporative Cooling
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Gas; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
New Financing: Conventional; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 30 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.