Address
434 N Hill -- Mesa, AZ
Price
$ 1,397,000
Property Attributes
  • MLS#6157836
  • TypeBackup
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodKo Ko Palms
  • Zip85203
  • Style
  • Year Built1963
  • Taxes2048
  • Price$ 1,397,000
  • Bedrooms17
  • Full Bathrooms17
  • Half Bathrooms0
  • Sqr Footage8500
Listing Provided Courtesy Of:
Corcoran Platinum Living
Property Description

Owner/Agent managed (11) UNITS, 2 buildings in Mesa. Both buildings have newer roofs, NEW steps on stairs, ALL of the units get updated during tenant turnovers. A few of the AC units have been replaced past 12 months, the rest of the units are maintained every summer, tenants filters get changed 3-4 times per year by us. Building consists of: (5) 1BR/ 1BA (4) 2 BR/1BA and (2) 2BR/2BA 2 large units. TOTAL: 11 units that you can turn into a 13 unit as it used to be, See Documents Tabs for VALUE ADD suggestions and expenses, make up to 25k more yearly in additional income on this building! Documents tab also has one years worth of electric and utility bills to show the expenses are low in here! For the serious buyer we have monthly P&L. less than 5 miles to EVIT, Light Rail, US-60 FRWY.

Price History
11/9/2020 Listed $1,397,000

General Features

1 Bedroom Units: Avg Rent 850.00
2 Bedroom Units: Avg Rent 1000.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric Refrigeratd
Electric Individual Meter, Master Meter, SRP
Exterior Features Desert Landscaping
Features No Pool
Heating Electric
Interior Features Fire/Smoke Alarm(s), Unfurnished, Vertical Blinds
Map Code/Grid Q39
Net Income 94338.00
New Financing Conventional, Other (See Remarks)
Owner Pays Electric, Gas, See Remarks, Sewer, Trash Collection, Water
Parking Add'l Parking Avail, Assigned, Free, Paved Parking, Street Parking
Property Type F
Public Remarks Owner/Agent managed (11) UNITS, 2 buildings in Mesa. Both buildings have newer roofs, NEW steps on stairs
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public
Special Owner/Agent
Status Active
Subdivision KO KO PALMS
Tenant Pays Cable TV, Electric
Water City Franchise, Master Meter
Year Built 1963
Zoning RM-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 5
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
2 Bedroom Units: # 2 Bedroom Units 6
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 1000
Appliances Included Other (See Remarks), Refrigerator, W/D Hookup
Floors Carpet, Ceramic Tile, Concrete
Gas City Gas, Master Meter
Total Number of Units 11.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 4.00
Lot Size Dimensions 115x80
Total Parking Spcs 11.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85203

Price
AVG $460K
$1.4M
Taxes
AVG $1,756
$2,048
Visits
AVG 56
41
Year Built
AVG 1978
1963

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