Ownership: Fee Simple
Current Price: $5,000,000
Sold Price: $5,000,000
Status: Closed
List Date: 2022-03-03
Building Number: 111
Assessor's Map #: 11
Legal Description (Abbrev): MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F
Assessor's Parcel #: 8
Assessor Parcel Ltr: M
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 421101
Taxes: 1456
Legal: MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F
Marketing Name: The Date Villas
Map Code/Grid: Q38
House Number: 1645
Compass: N
Street Name: DATE
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 2160
County Code: Maricopa
Subdivision: MCLELLAN ACRES BLK 2
Assessor Number: 135-11-008-M
Tax Year: 2021
# of Buildings: 5
Uncvrd Parking Spcs: 40
Lot Size Dimensions: 7013
Total # of Units: 20
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Whitman Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Year Built: 1984
Zoning: M-H
Range: 5E
Section: 9
Township: 1N
Block: 1
Lot Number: 1
Four Plex: 1
13 - 24 Units: 1
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 8678
Annual Land Lse Exp: 0
Annual Landscape Exp: 5625
Annual Legal & Acctg: 0
Annual Maint Exp: 13276
Annual Mgmt Exp: 12000
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 12265
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 53300
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Cap Rate: 4.85
Down Payment: 0
Equity: 5000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Text: 1
Email: 1
Phone Call: 1
Ceiling Fan(s): 1
Central Air: 1
Desert Landscaping: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Free-Standing Range: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
<1 Space Per Unit: 1
Assigned: 1
Water: 1
Sewer: 1
Trash Collection: 1
VA: 1
Conventional: 1
FHA: 1
# 2 Bedroom Units: 20
Avg Rent: 1322.87
Avg SqFt: 820
# Baths: 10
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 $/%: $
Cross Street: Country Club Dr & McKellips Rd
Directions: Head south on Country Club Dr, West on Ivyglen St, South on Date. Complex is on the corner lot at the left side.
Geo Lat: 33.445422
Geo Lon: -111.843687
Off Market Date: 2022-03-22
Under Contract Date: 2022-03-17
Close of Escrow Date: 2022-06-06
Sold Price: $5,000,000
Net Operating Income: 242316.37
Project Type: Four Plex; 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage
Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: <1 Space Per Unit; Assigned
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Other (See Remarks)
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: Other (See Remarks)
