750 E DANA Avenue, Mesa, AZ 85204
$4,250,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,250,000 Last Modified: 2/18/2023
Overview
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.
Listing Details MLS# 6334436
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
- Assessor's Map #
- 28
- Legal Description (Abbrev)
- CHULA VISTA AMD MCR 37/37 PT OF LOTS 8,9,10 & 11 BLK 4 DAF E2 LOT 8 EX N 85F TH/OF, LOT 9 EX W 70F T
- Assessor's Parcel #
- 109
- Assessor Parcel Ltr
- E
- Add'l Parcels
- Yes
- Tax Municipality
- Mesa
- Census Tract
- 421501
- Taxes
- 672
- Legal
- CHULA VISTA AMD MCR 37/37 PT OF LOTS 8,9,10 & 11 BLK 4 DAF E2 LOT 8 EX N 85F TH/OF, LOT 9 EX W 70F T
- Marketing Name
- Sunset at Horne
Contract Info
- Ownership
- Fee Simple
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.
Status Change Info
- Off Market Date
- 2022-12-31
- Under Contract Date
- 2022-02-02
- Close of Escrow Date
- 2023-02-17
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 23
- Lot Number
- 1-10
More Information
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 $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Gas Exp
- 0
- Annual Ins Exp
- 10000
- Annual Landscape Exp
- 6000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 16672
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 250800
Pmt & Rate Info
- Cap Rate
- 5.34
- Equity
- 4400000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
- Fire Sprinklers
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
- >1 Space Per Unit
- Yes
- Attached
- Yes
- Paved
- Yes
- Garage Door Opener
- Yes
Electric
- City Electric
- Yes
Gas
- None
- Yes
Owner Pays
- Landscaping
- Yes
New Financing
- Conventional
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- Conventional
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
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
Listing Office: America's All In One Real Estate Services, Inc.
Last Updated: February - 18 - 2023
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