Ownership: Fee Simple
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2025-04-28
Assessor's Map #: 32
Legal Description (Abbrev): LOT 45 ENCHANTED VILLAGE MCR 010714
Assessor's Parcel #: 151
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 8133
Legal: LOT 45 ENCHANTED VILLAGE MCR 010714
Marketing Name: Enchanted Village
House Number: 1041
Compass: N
Street Name: MESA
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 3543
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-151
Tax Year: 2024
# of Buildings: 6
Uncvrd Parking Spcs: 9
Lot Size Dimensions: 57582
Total # of Units: 24
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1972
Zoning: Multi
Range: 5E
Section: 14
Township: 1N
Lot Number: 45
Composition: 1
Built-Up: 1
Foam: 1
See Remarks: 1
Concrete: 1
Wood: 1
Ceramic Tile: 1
Annual Ins Exp: 8700
Annual Landscape Exp: 3600
Annual Maint Exp: 9600
Annual Trash Exp: 1500
Annual Wtr/Swr Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 34533
Other Income: 1200
Vacancy Allowance: 2
Adjusted Gross Inc: 404400
Total Monthly Rental Income: 33600
Cap Rate: 7.54
Equity: 5100000
1st Encumbrance: 0
Down Payment %: 40
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
2nd Encumbrance: 0
2nd Payment: 0
3rd Encumbrance: 0
3rd Payment: 0
Total Owed: 0
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Electric: 1
Individual: 1
Central: 1
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Security Light(s): 1
Electricity: 1
Cable TV: 1
Built-In Electric Oven: 1
Refrigerator: 1
See Remarks: 1
Projected Proforma: 1
Books Shwn Accpt Ofr: 1
City Franchise: 1
Master Meter: 1
Carport: 1
1 Space/Unit: 1
Paved: 1
Assigned: 1
See Remarks: 1
City Electric: 1
Individual Meter: 1
Water: 1
Sewer: 1
Trash Collection: 1
Cash: 1
Owner May Carry: 1
# 2 Bedroom Units: 24
Avg Rent: 1400
Avg SqFt: 711
# Baths: 1
Loan Type: Carryback
Loan Years: 5
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 1500
Seller Concession $/%: $
Cross Street: Mesa Drive and Brown
Directions: Just South of Brown on Mesa Drive. Next to Strip Center is the Cul DE Sac
Geo Lat: 33.434458
Geo Lon: -111.822427
Off Market Date: 2025-07-21
Under Contract Date: 2025-06-04
Close of Escrow Date: 2025-08-14
Sold Price: $4,500,000
Gross Annual Sch Inc: 403200
Net Operating Income: 384439
Project Type: 13 - 24 Units
Construction: Block; Other
Const - Finish: Brick Veneer
Roofing: Composition; Built-Up; Foam; See Remarks
Floors: Concrete; Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Appliances Included: Built-In Electric Oven; Refrigerator; See Remarks
Heating: Individual; Central
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: City Electric; Individual Meter
Gas: None
Parking Features: Carport; 1 Space/Unit; Assigned; Paved; See Remarks
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr
Special: Incorporated Area
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Owner May Carry
Environmental: None
Offering Memorandum ›