$365,000
$385,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/20/2021
Key Details
Sold Price $365,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6251214
Sold Date 10/20/21
Maintenance Fees $900
Year Built 1955
Annual Tax Amount $615
Tax Year 2020
Lot Dimensions 7841 square feet
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Great investment opportunity!! 2 separate homes on same lot, separate meters. Front home is 3bed/1bath 1021 sqft, newer kitchen cabinets, flooring, well maintained. NEW AC UNIT!! Front home has fenced backyard. Back home is 1bed/1bath 500 sqft, good condition. Nice sized lot, lots of parking space, NO HOA. Highly desirable area located in Mesa historic district near schools, shopping, new ASU campus, downtown Mesa and light rail. Townhomes/Condos are being built on this street. Check out the information provided under the documents tab. Investors can expect to walk into a cap rate over 6%. Remodeled homes in this area are selling for $335/sqft or up to $1700/month for rent. Mesa is investing millions to re-invent Mesa.
Location
State AZ
County Maricopa
Area Maricopa
Zoning [RM-3] Resident
Direction From Main st, head North on Extension and take a right onto Pepper Pl, head East and the home is 10 homes down on the left hand side.
Interior
Heating Natural Gas
Cooling Central Air
Flooring Carpet
Appliance Built-In Range, Disposal, Refrigerator, W/D Hookup
Exterior
Parking Features Paved, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-57-118
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Disclosures None
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Russ Lyon Sotheby's International Realty
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