750 E DANA Avenue, Mesa, AZ 85204

$4,250,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,250,000 Last Modified: 2/18/2023

Overview

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.

Listing Details MLS# 6334436

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
US
County Code
Maricopa
Subdivision
Sunset at Horne
Assessor Number
138-28-109-E
Tax Year
2021

Contract Info

Ownership
Fee Simple

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.

Status Change Info

Off Market Date
2022-12-31
Under Contract Date
2022-02-02
Close of Escrow Date
2023-02-17

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
1-10

More Information

4 Bedrooms Units

# 4 Bedroom Units
10
Avg Rent
2200
Avg SqFt
2200
# Baths
35

Income Expenses

Gross Annual Sch Inc
264000
Net Operating Income
234800

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: Wood Frame Const - Finish: Stucco Roofing: Foam Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available; Patio/Balcony Interior Features: Unfurnished; Fire Sprinklers Appliances Included: Dishwasher; Microwave Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Attached; Garage Door Opener; Paved Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional Environmental: None
IDX
Listing Office: America's All In One Real Estate Services, Inc.
Last Updated: February - 18 - 2023
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