$169,500
Mesa, AZ 85201
MLS# 5526530
Status: Closed
1 / 6
Property Description
GREAT INVESTMENT OPPORTUNITY FOR OWNING A MULTI-UNIT! This duplex has been well maintained including a new roof in 2015, upgraded shower in the 2 bedroom unit, ceiling fans throughout, copper plumbing and a large irrigated lot. Fully rented with long term tenants. Both rents are below market and are month to month. Less than one mile to the Mesa Convention Center, Mesa Arts Center and the Valley Metro Light Rail. All appliances which seller owns will convey. Buyer to verify all facts and financials on the property during the inspection period. Owner holds an inactive Real Estate License in the state of Arizona. Please drive by only, DO NOT DISTURB TENANTS. Property inspection with an accepted contract. Thanks for submitting your offers to
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $169,500
Sold Price: $169,500
Status: Closed
List Date: 2016-11-17
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): KENT MANOR
Assessor's Parcel #: 79
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421001
Taxes: 705
Tax District: 041000
Legal: KENT MANOR
Marketing Name: Duplex
Map Code/Grid: Q39
House Number: 650
Compass: N
Street Name: DREW
St Suffix: Street
St Dir Sfx: W
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5016
County Code: Maricopa
Subdivision: KENT MANOR
Assessor Number: 137-24-079
Tax Year: 2016
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 9375
Total # of Units: 2
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Eisenhower Center For Innovation
Jr. High School: Carson Junior High School
High School: Westwood High School
Year Built: 1962
Zoning: R-2
Legal Info
Range: 5E
Section: 15
Township: 1N
Lot Number: 18
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 800
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 300
Annual Mgmt Exp: 0
Annual Trash Exp: 400
Annual Wtr/Swr Exp: 720
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2925
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 12230.4
Total Monthly Rental Income: 1100
Pmt & Rate Info
Cap Rate: 5.64
Down Payment: 0
Equity: 169500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Attached: 1
Electric
SRP: 1
Gas
City Gas: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-785-2900
List Agent Cell Phn2: 480-258-3908
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 480
Avg SqFt: 645
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 560
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: VA
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Brown and Center
Directions: South to 7th Street, West to Drew, South to second property
Geo Lat: 33.427362
Geo Lon: -111.833493
Status Change Info
Off Market Date: 2017-02-19
Under Contract Date: 2017-02-16
Close of Escrow Date: 2017-03-15
Sold Price: $169,500
Income Expenses
Gross Annual Sch Inc: 12480
Net Operating Income: 9555
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Washer/Dryer; W/D Hookup
Cooling: Electric
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: City Gas
Parking Features: Carport; 1 Space/Unit; Attached
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: HomeSmart
Last Updated: January - 21 - 2026
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