$622,500
Mesa, AZ 85205
MLS# 6635416
Status: Closed
Property Description
Great investment opportunity. 100% occupied. 3 units have newer AC units. 3 Dishwashers were replaced within the past two years. All units have spacious, private rear patios. Low maintenance. All tenants are responsible for electricity. Seller is responsible for Water/Trash.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $622,500
Sold Price: $622,500
Status: Closed
List Date: 2023-11-29
Location, Tax & Legal
Assessor's Map #: 62
Assessor's Parcel #: 459
Assessor Parcel Ltr: b
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 1417
Legal: Sun Villa
Marketing Name: Sun Villa
House Number: 415
Compass: N
Street Name: 64th
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
County Code: Maricopa
Subdivision: SUN VILLA
Assessor Number: 141-62-459-b
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: irr
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Salk Elementary School
Jr. High School: Fremont Junior High School
High School: Red Mountain High School
Year Built: 1984
Zoning: MULTI
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Brick: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Siding: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2756
Annual Landscape Exp: 500
Annual Maint Exp: 2900
Annual Wtr/Swr Exp: 2600
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10173
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 45540
Pmt & Rate Info
Cap Rate: 7.32
Equity: 622500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
FHA: 1
Special
Unincorporated Area: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Terms
Non Assumable: 1
Interest Only: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 725
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1600
Avg SqFt: 925
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: RECKER AND UNIVERSITY
Directions: FROM THE INTERSECTION, HEAD EAST TO 64TH PL. NORTH ON 64TH. PROPERTY IS ON NE CORNER. 2ND UNIT NORTH OF 1ST UNIT.
Geo Lat: 33.423399
Geo Lon: -111.691718
Status Change Info
Off Market Date: 2023-11-29
Under Contract Date: 2023-11-29
Close of Escrow Date: 2023-11-30
Sold Price: $622,500
Income Expenses
Gross Annual Sch Inc: 45540
Net Operating Income: 45540
Property Features
Project Type: Four Plex
Construction: Wood Frame; Brick
Const - Finish: Painted; Brick Veneer; Siding
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Refrigerator
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Add'l Parking Avail
Road Surface Type: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Unincorporated Area
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Loan Terms: Non Assumable; Interest Only
New Financing: FHA; Conventional
Environmental: Other (See Remarks)
Listing Office: Jason Mitchell Real Estate
Last Updated: February - 02 - 2026
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