447 W RIO SALADO Parkway, Mesa, AZ 85201 - MLS #5423290

images$3,850,000 images******** Beds

images******** Bath images1986

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Property Features
Project Type: 25 - 50 Units; RV Park
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Pool Equipment
Community Features: Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Guard Gate
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume - Qualify
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: No Carry
Environmental: None
Contract Info
Current Price: $3,850,000
Sold Price: $3,850,000
Status: Closed
List Date: 2016-04-04
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: Q38
House Number: 447
Compass: W
Street Name: RIO SALADO
St Suffix: Parkway
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
County Code: Maricopa
Subdivision: SAN REMO UNIT 101-124 201-224
Assessor Number: 135-24-106
Tax Year: 2015
General Property Description
Lot Size Dimensions: 2.21 AC
Year Built: 1986
Uncvrd Parking Spcs: 48
Total # of Units: 48
# of Buildings: 4
Zoning: RM-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: W Rio Salado Pkwy & Country Club Dr in Mesa
Geo Lat: 33.429425
Geo Lon: -111.841096
Status Change Info
Off Market Date: 2016-06-01
Under Contract Date: 2016-05-31
Close of Escrow Date: 2016-08-10
Sold Price: $3,850,000
Legal Info
Lot Number: 135-24-106
Income Expenses
Gross Annual Sch Inc: 432000
Net Operating Income: 311631
2 Bedroom Units
# 2 Bedroom Units: 48
Avg Rent: 658
Avg SqFt: 817
# Baths: 2
Contact Info
List Agent Home Phn: 480-767-3001
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession to Seller: 1
Buyer Concession $/%: $
Seller Concession to Buyer: 1
Seller Concession $/%: $