$2,985,000
38 N SANTA BARBARA Street
Mesa, AZ 85201
MLS# 6524301
24 beds  |  12 baths


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Property DescriptionThis fully remodeled 12 unit complex, located along the central corridor of Main St. in Mesa, is being offered as a fantastic turnkey investment opportunity. Built in 1985, the unit mix consists of twelve 2 bed/1 bath units which are nearly 900sqft in size. The extensive professional renovations were completed in late 2021. Just some of the interior upgrades include: fresh paint; new shaker kitchen cabinets; new kitchen countertops; new plank flooring; new stainless-steel appliances; and new in-suite washer/dryers. Exterior amenities consist of: fresh paint; several main level units with walk-out private yards; an abundance of off-street private parking; and upgraded low cost/maintenance desert landscaping. The roofs on all 3 buildings were replaced in Dec-2019. Demand is
Details
Contract Info
Current Price: $2,800,000
List Price: $2,985,000
Status: Closed
List Date: 2023-02-24
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: R38
House Number: 38
Compass: N
Street Name: SANTA BARBARA
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 6869
Country: US
County Code: Maricopa
Subdivision: SAN CLEMENTE
Assessor Number: 135-47-068
Tax Year: 2022
General Property Description
Lot Size Dimensions: 1/2 Acre (Rectangular)
Year Built: 1985
Uncvrd Parking Spcs: 18
Total # of Units: 12
# of Buildings: 3
Zoning: MULTI-FAMILY
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Legal Info
Township: 1N
Range: 5E
Section: 19
Lot Number: 66
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1439.58
Avg SqFt: 886
# Baths: 1
Structure
Bedrooms Total: 24
Bathrooms Total: 12
Income & Expenses
Gross Annual Sch Inc: 218,818
Net Operating Income: 162,271
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: North of Main St. / West of Dobson Rd.
Geo Lat: 33.415889
Geo Lon: -111.877328
Status Change Info
Off Market Date: 2023-12-07
Under Contract Date: 2023-08-18
Close of Escrow Date: 2023-12-08
Sold Price: $2,800,000
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Refrigerator; Free-Standing Range; Washer/Dryer
Heating: Heat Pump; Electric; Individual
Cooling: Electric; Heat Pump; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Free; On Street; >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Sewer; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Conventional; No Carry
Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: January - 02 - 2024

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