1645 N DATE Street, Mesa, AZ 85201
$5,000,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,000,000 Last Modified: 4/07/2025
Description
Featuring 5 out of the 6
buildings of the multifamily complex located at 1645
N Date near Downtown Mesa. Each building is 2 stories and consist of (4) 2-Bedroom/1-Bath units. These newly renovated
(20) 2-Bedroom/1-Bath units feature upgraded flooring
throughout, in-unit laundry, beautifully remodeled galley
kitchens complete with new appliances and new
white cabinetry.
This property is located in the deirable neighborhood
of west Mesa and close to everything imaginable.
Residents enjoy the accessibility to downtown Mesa's
museums, theaters, and nightlife: ASU, Mesa Riverview,
Tempe Marketplace, Tempe Town Lake, Downtown
Mesa, and the new Chicago Cubs Stadium. Accessible
freeways: 202, 101, and the 60.]
Management continues to increase rents. Offering In Documents tab.
More Information MLS# 6363622
Contract Info
Ownership: Fee Simple Current Price: $5,000,000 Sold Price: $5,000,000 Status: Closed List Date: 2022-03-03
Location, Tax & Legal
Building Number: 111 Assessor's Map #: 11 Legal Description (Abbrev): MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F Assessor's Parcel #: 8 Assessor Parcel Ltr: M Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 421101 Taxes: 1456 Legal: MCLELLAN ACRES MCR 33-48 LOT 1 BLK 1 W 70F OF N 100F OF S 188F Marketing Name: The Date Villas Map Code/Grid: Q38 House Number: 1645 Compass: N Street Name: DATE St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Zip4: 2160 County Code: Maricopa Subdivision: MCLELLAN ACRES BLK 2 Assessor Number: 135-11-008-M Tax Year: 2021
General Property Description
# of Buildings: 5 Uncvrd Parking Spcs: 40 Lot Size Dimensions: 7013 Total # of Units: 20 Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Whitman Elementary School Jr. High School: Carson Junior High School High School: Westwood High School Year Built: 1984 Zoning: M-H
Legal Info
Range: 5E Section: 9 Township: 1N Block: 1 Lot Number: 1
Project Type
Four Plex: 1 13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 8678 Annual Land Lse Exp: 0 Annual Landscape Exp: 5625 Annual Legal & Acctg: 0 Annual Maint Exp: 13276 Annual Mgmt Exp: 12000 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 12265 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 53300 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 4.85 Down Payment: 0 Equity: 5000000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Showing Notification Methods
Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1 Central Air: 1
Exterior Amenities
Desert Landscaping: 1 Cable TV Available: 1 Patio/Balcony: 1 Separate Storage: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1 Disposal: 1 Microwave: 1 Free-Standing Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1 Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1
New Financing
VA: 1 Conventional: 1 FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 20 Avg Rent: 1322.87 Avg SqFt: 820 # Baths: 10
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: Country Club Dr & McKellips Rd Directions: Head south on Country Club Dr, West on Ivyglen St, South on Date. Complex is on the corner lot at the left side. Geo Lat: 33.445422 Geo Lon: -111.843687
Status Change Info
Off Market Date: 2022-03-22 Under Contract Date: 2022-03-17 Close of Escrow Date: 2022-06-06 Sold Price: $5,000,000
Income Expenses
Net Operating Income: 242316.37
Property Features
Project Type: Four Plex; 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: <1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) 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: VA; FHA; Conventional Environmental: Other (See Remarks)
Listing Office: Urbanity Properties
Last Updated: April - 07 - 2025
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