Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,250,000
Last Modified:
2/18/2023
Search
750 E DANA Avenue, Mesa, AZ 85204
$4,250,000
Description
NEW 10 unit townhome development. February / March 2022 estimated completion date. Each unit is 2,200 square feet with 4 bedrooms and 3.5 baths. Each unit has one car garage. Each unit is individually metered and parceled. Being sold as an entire development (only for sale as 10-unit development, no units will be sold individually). Rent comps in the $2000-$2250 range. Located in the opportunity zone for added tax benefit. Great for investors, 1031 exchange funds, etc.
More Information MLS# 6334436
Contract Info
Current Price: $4,250,000
Sold Price: $4,250,000
Status: Closed
List Date: 2021-12-22
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R39
House Number: 750
Compass: E
Street Name: DANA
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1073
Country: USA
County Code: Maricopa
Subdivision: Sunset at Horne
Assessor Number: 138-28-109-E
Tax Year: 2021
General Property Description
Lot Size Dimensions: irregular
Year Built: 2021
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 3
Zoning: multifamily
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Franklin East Elementary School
Jr. High School: Franklin At Alma Elementary
High School: Westwood High School
Remarks Misc
Cross Street: Horne and Main St
Directions: From Horne and Main, go south on Horne to 2nd Ave.
Property is on northwest corner of Horne and 2nd Ave.
Geo Lat: 33.412028
Geo Lon: -111.81444
Status Change Info
Status Change Date: 2023-02-18
Off Market Date: 2022-12-31
Under Contract Date: 2022-02-02
Close of Escrow Date: 2023-02-17
Sold Price: $4,250,000
Legal Info
Township: 1N
Range: 5E
Section: 23
Lot Number: 1-10
Income Expenses
Gross Annual Sch Inc: 264000
Net Operating Income: 234800
4 Bedrooms Units
# 4 Bedroom Units: 10
Avg Rent: 2200
Avg SqFt: 2200
# Baths: 35
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire Sprinklers
Appliances Included: Dishwasher; Microwave
Cooling: Ceiling Fan(s); Electric; Central A/C
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking: Garage; Street Parking; 1 Space/Unit; >1 Space Per Unit; Attached; Auto Door Opener; Paved Parking
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional
Environmental: None
Listing Office: America's All In One Real Estate Services, Inc.
Last Updated: February - 18 - 2023
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.