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240 S Doran

Mesa, AZ 85204
  • $729,999
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 6400696
Price Reduced
UPDATED: 44 min ago
$729,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

School District:

Description

This Mesa Fourplex includes 2 occupied units and 2 vacant units. Unit 3 is being leased out for $1,000/month, expiring in 8-11-2022. The tenant is planning on renewing and has been notified that the rent will increase to $1,250/month. Unit 2 is being leased out for $1,250/month, expiring 3-1-2023. Unit 1 is vacant and will need kitchen counters, cabinets, and door frames installed as well as a fresh coat of paint before being leased out. Cabinets and Counter tops have been purchased and waiting in the unit to be installed. Unit 4 is vacant and will require just a fresh coat of painted before being leased out. There is additional opportunity to fully renovate the property to further increase rents to $1,500/month.

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Arizona Regional MLS logo© 2022 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-28T07:18:50.993.
www.yosthomes.com/homes/128781795
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240 S Doran Mesa, AZ 85204

  • Price: $729,999
  • Status: Active
  • On Site: 42 Days
  • Updated: 44 min ago
  • MLS #: 6400696
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1981
Built
Neighborhood:
Hibbert-Allen Acres Lots 8-20
County:
Maricopa
Area:
Mesa
School District:
004 - Mesa Unified District
Property Description
This Mesa Fourplex includes 2 occupied units and 2 vacant units. Unit 3 is being leased out for $1,000/month, expiring in 8-11-2022. The tenant is planning on renewing and has been notified that the rent will increase to $1,250/month. Unit 2 is being leased out for $1,250/month, expiring 3-1-2023. Unit 1 is vacant and will need kitchen counters, cabinets, and door frames installed as well as a fresh coat of paint before being leased out. Cabinets and Counter tops have been purchased and waiting in the unit to be installed. Unit 4 is vacant and will require just a fresh coat of painted before being leased out. There is additional opportunity to fully renovate the property to further increase rents to $1,500/month.
Exterior Features

Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 6.00 Lot Size Dimensions 125'X80' Parking >1 Space Per UnitAdd'l Parking Avail Roads Asphalt Roofing Built-UpComp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 784 2 Bedroom Units Baths 1 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 DisposalF/S Oven/RangeRefrigeratorW/D Hookup Cooling Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetOtherVinyl Heating Electric

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1250.00 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 56400.00 Annual Maint Exp 1836.00 Annual Mgmt Exp 3600.00 Annual Other Expense 1092.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 3000.00 Community Amenities No Pool Cross Street E. Broadway Rd. & Stapley Dr. Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 60000.00 Hoa YN No Net Operating Income 46633.00 New Financing ConventionalVa Operating Exp 10967.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 1439.00 Tenant Pays Electric UCB No Vacancy Allowance 0.06 Water City Franchise Zoning Rm-4

Arizona Regional MLS logo Listing provided by City To City Commercial: (480) 355-2222.


Arizona Regional MLS logo© 2022 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-28T07:18:50.993.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122