$2,400,000
643-75 E Brown Road
Mesa, AZ 85203
MLS# 5981268



643-75 E Brown Road, Mesa, AZ 85203
  1 / 36  
643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203 643-75 E Brown Road, Mesa, AZ 85203

Property Description
Truly rare offering! 16 total units, 8 buildings, and 5 lots. Near Downtown Mesa, A's/Cubs! The complex is situated in its own private cul-de-sac that comprises 1+ acres. Abuts Mesa bike path! Built from 1972-1980. All big 2 bedroom units at 822 SF+/-. This package sale is offered w/ seller financing. Well over $100,000 in recent major improvements-many new roofs, fascia, painting, landscaping, unit upgrades, etc. Recent unit rented for $980. Highly stabilized w/ close to 100% collection in 2019! Solid light value-add w/ strong long-term upside. Additional information available including the Offering Memorandum, Introductory Video Exterior/Recent Unit Turn, Rent Rolls, & P&L's. Buyer to complete/rely on own due diligence. Inc/Exp/SF estimated. Nothing else like this! Offers Considered!

Details
Maps
Contract Info
Current Price: $2,400,000
List Price: $2,400,000
List Date: 2019-09-19
Location, Tax & Legal
Map Code/Grid: Q39
House Number: 643-75
Compass: E
Street Name: Brown
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4746
Country: USA
County Code: Maricopa
Subdivision: ENCHANTED VILLAGE
Assessor Number: 137-32-283-A
Taxes: 5487
Marketing Name: Mesa 16 Unit Assemblage
General Property Description
Apx Lot Size Range: IRR
Year Built: 1974
Zoning: MULTI
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Elem School Dist #: 004 - Mesa Unified District
High School Dist #: 004 - Mesa Unified District
Remarks & Misc
Geo Lat: 33.435262
Geo Lon: -111.816881
Status Change Info
Status Change Date: 2019-09-20
Status: Active
Legal Info
Township: 1N
Range: 5E
Section: 14
Lot Number: 177
Cnty Rcrd Bk & Pg #: 10714
Income & Expenses
Owner Association: No
Operating Exp: 5487
Pmt & Rate Info
1st Payment Freq: Monthly
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 2400000
Showing Instructions
Permission Required to Show: Yes
To Schedule Showing: Contact Via Text
Primary Showing Contact: Listing Agent
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 980
Avg SqFt: 822
# Baths: 1
Property Features
Project Type: 13 - 24 Units
Other Type: Other (See Remarks)
Construction: Block
Const - Finish: Painted; Brick Trim/Veneer
Roofing: Comp Shingle; Other (See Remarks)
Floors: Concrete; Vinyl/Composition; Ceramic Tile; Carpet; Other (See Remarks)
Sale Includes: Land & Building; Laundry Equipment; Other (See Remarks)
Payment Includes: Principal; Interest; Taxes
Community Amenities: No Pool; Other (See Remarks)
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Other (See Remarks)
Heating: Electric; Individual
Cooling: Electric Refrigeratd; Central A/C
Water: City Franchise; Other (See Remarks)
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking: Carport; >1 Space Per Unit; Free; Other (See Remarks)
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water; Trash; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Seller May Carry; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Platinum Living Realty

Last Updated: December - 02 - 2019

643-75 E Brown Road, Mesa, AZ 85203 - MLS# 5981268

Copyright Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Sunday 15th of December 2019 05:40 PM