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Address
750 E 1St Avenue Mesa, AZ
Price
$ 1,475,000
Property Attributes
  • MLS#5948659
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodChula Vista Amd Lots 11-13 Blk 4
  • Zip85204
  • Style
  • Year Built1978
  • Taxes2359
  • Price$ 1,475,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
Listing Provided Courtesy Of:
Cluff Real Estate LLC
Property Description

This property is an investors dream! 16 units comprised of 8 studios and 8 1 bedroom apartments located 500' from Main Street and within the Opportunity Zone as well as Mesa's Form Based Code Overlay (T4) which will allow for additional units and reduced parking. Roof was replaced in May 2019, new dual pane windows, the majority of the water heaters and HVAC units have been replaced in the last 4 years. Many of the units have been upgraded with can lighting. There are 22 parking spaces. The units rent well and quickly. There is a lot of room to raise rents.

Price History
7/5/2019 Listed $1,475,000

General Features

1 Bedroom Units: Avg Rent 650.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool
Listing Status Active
Map Code/Grid R39
Net Income 85861.00
New Financing Conventional, No Carry
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 004 - Mesa Unified District
Special Owner/Agent
Subdivision Chula Vista AMD Lots 11-13 BLK 4
Tenant Pays Electric, Cable TV
Year Built 1978
Zoning MF or FBC T4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 8
1 Bedroom Units: # Baths 1
Appliances Included F/S Oven/Range, Refrigerator
Cooling Electric Refrigeratd, Individual
Electric City Electric, Individual Meter
Floors Ceramic Tile, Vinyl/Composition
Gas None
Heating Electric, Individual
Interior Features Unfurnished
Total Number of Units 16.00

Exterior Features

Sale Includes Land & Building, Personal Property
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping, Partially Fenced
Lot Size Dimensions IRR
Parking Free, >1 Space Per Unit
Roof Comp Shingle, Foam
Sewer Sewer - Public
Total Parking Spcs 22.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 85204

Price
AVG $720K
$1.48M
Taxes
AVG $1,450
$2,359
Visits
AVG 239
249
Year Built
AVG 1971
1978

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