25 S BEVERLY Street, Mesa, AZ 85210 | 6313748 | HomeLogic Real Estate LLC

25 S BEVERLY Street $760,000

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    25 S BEVERLY Street Mesa, AZ 85210

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6313748
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    Views: 7 Days On Site: 37

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    Property Details

    10 Units for the price of a 4plex! This property is a Cash Cow in an Opportunity Zone with tons of potential. Steps from the Light Rail. (2) duplexes, (1) cottage and (5) park owned mobile home/trailers. Structures are old and need updating. All 10 units are 1/1's. Property is a value add with room for improvement via cap ex, market rents, coin laundry, sub meter/rubs and more, or just sit on it and collect the nice cash flow. Dive By Only - DO NOT SPEAK WITH TENANTS

    • General Features
      • Community Amenities No Pool,See Remarks
      • Contingent Status No
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street Main & Extension
      • Directions South from main. Property is on the left
      • Gas City Gas
      • Marketing Name 25 S. Beverly
      • New Financing 1031 Exchange,Conventional,Lease Option,Lease Purchase,Other (See Remarks)
      • Parking Other (See Remarks),Street Parking
      • Project Type 5 - 12 Units,Mobile Home Park,Other (See Remarks)
      • Roofing Built-Up
      • Special Listing Conditions Economic Rdvlpmnt Zn,Owner/Agent
      • Subdivision Downtown Mesa
      • Tax Municipality Mesa
      • Taxes $936
      • Total Units 10.00
      • Year Built 1935
      • Zoning CG General Comm
    • Building Features
      • Construction Brick,Frame - Wood
      • Appliances Included Other (See Remarks)
      • Floors Carpet,Other,Vinyl
      • Cooling Evaporative Cooling,Other
      • Heating Other,See Remarks
    • Room Features
      • # 1 Bedroom Units 10
      • 1 Bedroom Units: Avg Rent 750.00
      • 1 Bedroom Units: Avg SqFt 400
      • 1 Bedroom Units: # Baths 1
      • # 2 Bedroom Units 0
      • 2 Bedroom Units: # Baths 0
      • 2 Bedroom Units: Avg Rent 0.00
      • 2 Bedroom Units: Avg SqFt 0
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • # Single Wide Spaces 5
      • # Park Owned Units 5
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 21
      • Tenant Pays Cable TV
      • Owner Pays Electric,Gas,Landscaping,Sewer,Water
      • Income & Expenses: Totl Mnth Rntal Inc 7500.00
      • Income & Expenses: Net Operating Income 57316.00
      • Income & Expenses: Gross Annual Sch Inc 90000.00
      • Income & Expenses: Adjusted Gross Inc 360000.00
      • Legal Info: Range 5E
      • Legal Info: Lot Number 0
      • Total Parking Space 5.00
      • Total Number Spaces 5
      • Electric City Electric
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 004 - Mesa Unified District

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    Neighborhood

    85210 (Mesa) Demographics

    31 Median Age
    6,232 Population Density (per sq. mile)
    28% College Educated
    $43,572 Estimated Median Income
    6,067 Estimated Total Home Owners
    8,659 Estimated Total Renters
    41% / 59% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,073 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $275,000 Median Sales Price
    43 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $760,000 -7.18%
        11/12/2021 10:39:12 AM Status Changed Source: Multiple Listing Service New Value: Active
        11/3/2021 9:23:46 AM Status Changed Source: Multiple Listing Service New Value: UCB (Under Contract-Backups)
        10/28/2021 4:27:00 PM New in Database Source: Multiple Listing Service New Value: $818,800

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 12/4/2021 11:00:14 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than HomeLogic Real Estate LLC.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.