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750 E 1ST Avenue Mesa, AZ 85204
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Key Details
Sold Price $2,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chula Vista Amd Lots 11-13 Blk 4
MLS Listing ID 6350374
Sold Date 04/05/22
Maintenance Fees $6,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1978
Annual Tax Amount $2,665
Tax Year 2021
Lot Dimensions IRR
Property Description
This property is an investors dream! 16 units comprised of 9 studios and 7 1 bedroom apartments located 500' from Main Street and within the Opportunity Zone as well as Mesa's Form Based Code Overlay (T4). Roof was replaced in May 2019, new dual pane windows, the majority of the water heaters and HVAC units have been replaced in the last 4 years. All of the units have been upgraded with can lighting and ceiling fans. There are 22 parking spaces. The units rent well and quickly. There is a lot of room to raise rents.
Location
State AZ
County Maricopa
Community Chula Vista Amd Lots 11-13 Blk 4
Zoning MF or FBC T4
Direction Head West on Mesa's New Main Street to Horne, South on Horne and the property is on the North West corner of Horne and 1st AVE (500' South of Main Street).
Interior
Heating Individual, Electric
Cooling Central A/C, Individual, Electric, Ceiling Fan(s)
Appliance FS OvenRange, Refrigerator, WD Hookup
Exterior
Garage Free
Community Features No Pool
Roof Type Composition, Foam
Total Parking Spaces 22
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-28-079
Acceptable Financing No Carry, Conventional, 1031 Exchange
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Cash to Loan
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Bought with Better Homes & Gardens Real Estate SJ Fowler
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