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
Overview
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.
Listing Details MLS# 6363622
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 7013
- Year Built
- 1984
- Uncvrd Parking Spcs
- 40
- Total # of Units
- 20
- # of Buildings
- 5
- Zoning
- M-H
- 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
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.
Status Change Info
- Off Market Date
- 2022-03-22
- Under Contract Date
- 2022-03-17
- Close of Escrow Date
- 2022-06-06
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 9
- Block
- Yes
- Lot Number
- Yes
More Information
Income Expenses
- Net Operating Income
- 242316.37
2 Bedroom Units
- # 2 Bedroom Units
- 20
- Avg Rent
- 1322.87
- Avg SqFt
- 820
- # Baths
- 10
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Building(s) Only
- Yes
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
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- <1 Space Per Unit
- Yes
- Assigned
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Remarks)
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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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