440 S Hall

    Mesa, AZ 85204
    • $265,000
    • STATUS: Active Under Contract
    • ID#: 5991033
    Under Contract
    UPDATED: 79 min ago
    $265,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Triplex in the heart of Mesa. Conveniently located in walking distance to restaurants, Reed Park, schools, and entertainment. Recent capital expenses: new roof finished 11/8/19 with full 25 year warranty on materials and 2 year warranty on labor, new water heaters, AC unit in studio and full services on one bedroom unit AC's, some new appliances and landscaping. Fully rented with long term tenants. Recent rent increases are still under market, allowing for value add in exterior and interior finishes to bring these units to full potential market value.

    Monthly Payment Calculator



    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Tucson Elite. Data last updated 2019-11-19T00:13:00.82.
    www.luxurygroupaz.com/homes/99900276

    440 S Hall Mesa, AZ 85204

    • Price: $265,000
    • Status: Active Under Contract
    • Updated: 79 min ago
    • ID#: 5991033
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Park Mesa
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Longfellow Elementary School
    Middle School:
    Other
    High School:
    Other
    School District:
    004 - Mesa Unified District
    Property Description
    Triplex in the heart of Mesa. Conveniently located in walking distance to restaurants, Reed Park, schools, and entertainment. Recent capital expenses: new roof finished 11/8/19 with full 25 year warranty on materials and 2 year warranty on labor, new water heaters, AC unit in studio and full services on one bedroom unit AC's, some new appliances and landscaping. Fully rented with long term tenants. Recent rent increases are still under market, allowing for value add in exterior and interior finishes to bring these units to full potential market value.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Patio/Balcony Lot Size Dimensions irr Parking Free Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/Range Cooling Electric RefrigeratdHeat Pump Efficiency Unit Avg Sq Ft 550 Efficiency Unit Baths 1 Floors Other (See Remarks) Heating ElectricHeat Pump

    Property Features

    1 Bedroom Unit Avg Rent 525.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 22344.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 986.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 850.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1086.00 Annual Wtr Swr Exp 2069.00 Community Amenities No Pool Cross Street Broadway & Gilbert Efficiency Unit Avg Rent 400.00 Efficiency Units 1 Electric Srp Gas Sw Gas Gross Annual Sch Inc 22800.00 Hoa YN No Net Operating Income 16465.00 New Financing Conventional Operating Exp 5879.00 Other Income 0.00 Owner Pays WaterSewerTrash Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Maricopa - County Taxes 888.00 Tenant Pays ElectricGas Totl Mnth Rntal Inc 1900.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.02 Water City Franchise Zoning Rm-3

    Listing courtesy of Grace Cre.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Tucson Elite. Data last updated 2019-11-19T00:13:00.82.
     
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