750 E DANA Avenue, Mesa, AZ 85204 - MLS #6334436

images$4,250,000 images******** Beds

images******** Bath images2021

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Description

NEW 10 unit townhome development. February / March 2022 estimated completion date. Each unit is 2,200 square feet with 4 bedrooms and 3.5 baths. Each unit has one car garage. Each unit is individually metered and parceled. Being sold as an entire development (only for sale as 10-unit development, no units will be sold individually). Rent comps in the $2000-$2250 range. Located in the opportunity zone for added tax benefit. Great for investors, 1031 exchange funds, etc.

Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire Sprinklers
Appliances Included: Dishwasher; Microwave
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Attached; Garage Door Opener; Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional
Environmental: None
Contract Info
Current Price: $4,250,000
Sold Price: $4,250,000
Status: Closed
List Date: 2021-12-22
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R39
House Number: 750
Compass: E
Street Name: DANA
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 1073
County Code: Maricopa
Subdivision: Sunset at Horne
Assessor Number: 138-28-109-E
Tax Year: 2021
General Property Description
Lot Size Dimensions: irregular
Year Built: 2021
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 3
Zoning: multifamily
Flood Zone: No
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Franklin East Elementary School
Jr. High School: Franklin At Alma Elementary
High School: Westwood High School
Remarks Misc
Cross Street: Horne and Main St
Directions: From Horne and Main, go south on Horne to 2nd Ave. Property is on northwest corner of Horne and 2nd Ave.
Geo Lat: 33.412028
Geo Lon: -111.81444
Status Change Info
Off Market Date: 2022-12-31
Under Contract Date: 2022-02-02
Close of Escrow Date: 2023-02-17
Sold Price: $4,250,000
Legal Info
Township: 1N
Range: 5E
Section: 23
Lot Number: 1-10
Income Expenses
Gross Annual Sch Inc: 264000
Net Operating Income: 234800
4 Bedrooms Units
# 4 Bedroom Units: 10
Avg Rent: 2200
Avg SqFt: 2200
# Baths: 35
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %