Mesa, AZ 85204,750 E 1ST Avenue

$2,700,000

$2,750,000

1.8%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 04/05/2022

Key Details

Sold Price $2,700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Chula Vista Amd Lots 11-13 Blk 4

MLS Listing ID 6350374

Sold Date 04/05/22

Maintenance Fees $6,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1978

Annual Tax Amount $2,665

Tax Year 2021

Lot Dimensions IRR

Property Description

This property is an investors dream! 16 units comprised of 9 studios and 7 1 bedroom apartments located 500' from Main Street and within the Opportunity Zone as well as Mesa's Form Based Code Overlay (T4). 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. All of the units have been upgraded with can lighting and ceiling fans. There are 22 parking spaces. The units rent well and quickly. There is a lot of room to raise rents.

Location

State AZ

County Maricopa

Community Chula Vista Amd Lots 11-13 Blk 4

Zoning MF or FBC T4

Direction Head West on Mesa's New Main Street to Horne, South on Horne and the property is on the North West corner of Horne and 1st AVE (500' South of Main Street).

Interior

Heating Individual, Electric

Cooling Central A/C, Individual, Electric, Ceiling Fan(s)

Appliance FS OvenRange, Refrigerator, WD Hookup

Exterior

Garage Free

Community Features No Pool

Waterfront No

Roof Type Composition, Foam

Parking Type Free

Total Parking Spaces 22

Building

Sewer Public Sewer

Water City Franchise, Master Meter

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 138-28-079

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Financing Cash to Loan

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Arizona Regional MLS (ARMLS)
Listed by Cluff Real Estate LLC
Bought with Better Homes & Gardens Real Estate SJ Fowler

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Michelle Noma

REALTOR® | Lic# BR632845000

+1(480) 639-8502

5355 E High St. Unit 129, Phoenix, AZ, 85054

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