508 S Olive

    Mesa, AZ 85204
    • $385,000
    • STATUS: Active Under Contract
    • ON SITE: 24 days
    • MLS #: 5969325
    Under Contract
    UPDATED: 47 min ago
    $385,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Great central location 4-plex near the new light rail and upgraded Temple District. Very easy to rent. Currently under professional property management. No HOA. Paved parking lot. One tenant has lived there nearly 11 years. Another going on 7 years. Property could work for an owner-occupant.

    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 Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2019-09-17T14:11:37.103.
    www.searchallhouses.com/homes/98271034

    508 S Olive Mesa, AZ 85204

    • Price: $385,000
    • Status: Active Under Contract
    • Updated: 47 min ago
    • MLS #: 5969325
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1980
    Built
    Neighborhood:
    Lynwood Tract Lots 25-32
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    Great central location 4-plex near the new light rail and upgraded Temple District. Very easy to rent. Currently under professional property management. No HOA. Paved parking lot. One tenant has lived there nearly 11 years. Another going on 7 years. Property could work for an owner-occupant.
    Exterior Features

    Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Lot Size Dimensions irregular Parking Paved Parking>1 Space Per Unit Roads Asphalt/BlacktopCurb(S) & Gutter(S)Sidewalk(S) Roofing Comp Shingle Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 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/RangeRefrigerator Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Heat Pump

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 751.00 2 Bedroom Units 4 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 36080.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 862.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2000.00 Annual Mgmt Exp 2886.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1440.00 Annual Wtr Swr Exp 2310.00 Community Amenities No Pool Cross Street Mesa Dr. And Broadway Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City Electric Gas None Gross Annual Sch Inc 36080.00 Hoa YN No Net Operating Income 26582.00 New Financing FhaConventionalVaNo Carry Operating Exp 10731.00 Other Income 0.00 Owner Pays WaterSewerTrash Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Mesa Taxes 1233.00 Tenant Pays Electric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning 04-02

    Listing courtesy of Evolve Realty, Llc.


    © 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 Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2019-09-17T14:11:37.103.
     
    Lux Home Group at Keller Williams Realty Phoenix
    3920 South Rural Road Suite 110
    Tempe AZ, 85282