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    5950 E Norland Street

    Mesa, AZ 85215
    • $749,000
    • STATUS: Active Under Contract
    • ID#: 6295667
    Under Contract
    UPDATED: 35 min ago
    $749,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    INVESTOR SPECIAL !!! Fully occupied value add opportunity in highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boast 4 2bd / 2ba with washer and dryers in each unit. Each unit has it own balcony or court yard. There are 4 covered parking spots as well as 4 additional parking spots. The current rents are extremely below market value. All units are in good condition with minor upgrades needed. Leases start expiring in at the end of October 2021 and the first quarter of 2022. Please check documents for proforma and rental analysis for the area. Tenants pay all expenses except property taxes and insurance. Please contact agent for leases and additional questions.

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    © 2021 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 Keller Williams Southern Arizona - The Josh Berkley Team. Data last updated 2021-10-27T12:13:45.287.
    www.joshberkley.com/homes/121971910
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    5950 E Norland Street Mesa, AZ 85215

    • Price: $749,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • ID#: 6295667
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1985
    Built
    Neighborhood:
    Loma Vista
    County:
    Maricopa
    Area:
    Mesa
    School District:
    004 - Mesa Unified District
    Property Description
    INVESTOR SPECIAL !!! Fully occupied value add opportunity in highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boast 4 2bd / 2ba with washer and dryers in each unit. Each unit has it own balcony or court yard. There are 4 covered parking spots as well as 4 additional parking spots. The current rents are extremely below market value. All units are in good condition with minor upgrades needed. Leases start expiring in at the end of October 2021 and the first quarter of 2022. Please check documents for proforma and rental analysis for the area. Tenants pay all expenses except property taxes and insurance. Please contact agent for leases and additional questions.
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities Desert LandscapingFencedPatio/BalconySatellite DishSecurity Light(S) Lot Size Dimensions 0 Parking CarportFree Roads AsphaltConcreteCurb(S) & Gutter(S) Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 808 2 Bedroom Units Baths 2 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 DishwasherRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileWood Heating Other Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 656.25 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 31500.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Mcdowell Rd & Recker Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 31500.00 Hoa YN No Net Operating Income 26750.00 New Financing 1031 ExchangeConventional Operating Exp 2381.00 Other Income 0.00 Owner Pays None Project Type Four Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Special Owner/Agent Tax Municipality Mesa Taxes 2381.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning Rm-3

    Listing courtesy of Us Investment Realty, Llc.


    © 2021 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 Keller Williams Southern Arizona - The Josh Berkley Team. Data last updated 2021-10-27T12:13:45.287.
     
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