$500,000
$489,900
2.1%For more information regarding the value of a property, please contact us for a free consultation.
149 N PHYLLIS Street #205 Mesa, AZ 85201
Key Details
Sold Price $500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision La Mesita
MLS Listing ID 6196040
Sold Date 03/31/21
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1983
Annual Tax Amount $967
Tax Year 2020
Lot Dimensions 5175
Property Description
Welcome to La Mesita Triplex. This fully leased Triplex in Mesa, is situated two blocks north of the Main Street/Apache development corridor. The property is within close proximity to the 101 freeway and Tempe and is also within walking distance to the light rail. This 1983 constructed building has been well maintained and sits on a prime corner lot with great curb appeal. All three units feature 2 beds, 1 bath, full size W/D hookups, updated kitchens/baths, and tile/laminate flooring. The two lower units each have private back yards, while the upper unit has a large private balcony. CapEx includes an A/C unit installed in 2019, and another installed in 2016. [more...] Cap Rate on current rent estimated at 4.93%, with rents of $950, $925, and $925. ProForma Cap Rate estimated at 6.19%, based on market rents of $1100 per unit. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.
Location
State AZ
County Maricopa
Community La Mesita
Zoning RM-4
Direction From Dobson & Main Street, head west on Main St for 0.5 miles, then turn north onto Phyllis St. Head northeast for about 0.3 miles. Building is on your right.
Interior
Flooring Ceramic Tile, Vinyl, Concrete
Appliance FS OvenRange, WD Hookup, Microwave, BI OvenRange, WasherDryer
Exterior
Garage Paved Parking, Free, >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Composition
Total Parking Spaces 5
Building
Sewer Public Sewer
Water City Franchise
New Construction Yes
Schools
Elementary Schools Powell Junior High School
Middle Schools Powell Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-45-049-C
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Berkshire Hathaway HomeServices Arizona Properties