410 N Drew Street

    Mesa, AZ 85201
    • $685,000
    • STATUS: Closed
    • ON SITE: 133 days
    • MLS #: 5881771
    Sold - 04/30/2019
    $685,000
    SOLD - 04/30/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    6.2% CAP rate on ACTUAL INCOME & EXPENSES. Extra clean contemporary building with good upside on easy-to-rent units and low expenses. The property consists of 4 separately condo-mapped Town Home units within a 2-story rental building. Constructed in 2002, the building offers 3-bed / 2-bath floor plans of approximately 1060 SF added to over-sized 2-car enclosed garages of another 400 SF. The property was built using upgraded construction components with 2X6 studs, insulated garages, and 12 seer AC units. Amenities include vaulted ceilings, ceiling fans in every room, dual pane windows, full-size washers & dryers, and CAT5 cabling for all media. Operating expenses at the property are very low since TENANTS PAY 100% of their water, sewer, trash, and electric.

    Monthly Payment Calculator



    © 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-06-25T11:10:50.687.
    www.yosthomes.com/homes/91740625

    410 N Drew Street Mesa, AZ 85201

    • Price: $697,500
    • Status: Closed
    • Updated: 50 min ago
    • MLS #: 5881771
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2002
    Built
    Neighborhood:
    Towne's West Lots 1-7 & Tract B Amd
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    6.2% CAP rate on ACTUAL INCOME & EXPENSES. Extra clean contemporary building with good upside on easy-to-rent units and low expenses. The property consists of 4 separately condo-mapped Town Home units within a 2-story rental building. Constructed in 2002, the building offers 3-bed / 2-bath floor plans of approximately 1060 SF added to over-sized 2-car enclosed garages of another 400 SF. The property was built using upgraded construction components with 2X6 studs, insulated garages, and 12 seer AC units. Amenities include vaulted ceilings, ceiling fans in every room, dual pane windows, full-size washers & dryers, and CAT5 cabling for all media. Operating expenses at the property are very low since TENANTS PAY 100% of their water, sewer, trash, and electric.
    Exterior Features

    Construction Frame - WoodFrame - Metal Construction Finish PaintedStucco Covered Parking Spaces 8.00 Exterior Amenities Cable Tv AvailableSecurity Light(S) Lot Size Dimensions irreg Parking GaragePaved Parking>1 Space Per Unit Roads Asphalt/BlacktopConcreteCurb(S) & Gutter(S) Roofing All TileBuilt-UpPartial Tile Total Parking Spaces 12.00

    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 0 3 Bedroom Unit Avg Sq Ft 1433 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherDisposalMicrowaveWasher/DryerW/D Hookup Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteCarpetCeramic TileVinyl/CompositionWood Heating ElectricHeat PumpIndividual Interior Amenities UnfurnishedVertical BlindsFire/Smoke Alarm(S)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 1315.00 3 Bedroom Units 4 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 60595.20 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2019.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 3438.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3259.00 Annual Mgmt Exp 6059.00 Annual Other Expense 664.00 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 Pool Cross Street Country Club & University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas None Gross Annual Sch Inc 63120.00 Hoa YN Yes Net Operating Income 43223.00 New Financing Other (See Remarks) Operating Exp 17373.00 Other Income 0.00 Owner Pays Landscaping Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 1934.00 Tenant Pays WaterSewerElectricTrashCable TvOther (See Remarks) Vacancy Allowance 0.04 Water City Franchise Zoning C-Tc

    Listing courtesy of Kasten Long Commercial Group.


    © 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-06-25T11:10:50.687.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122