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6723 E Avalon Street

Mesa, AZ 85205
  • $975,000
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 6323917
Price Reduced
UPDATED: 17 min ago
$975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

School District:

Description

Fantastic Opportunity to Own 8 Units in East Mesa. This is a cashflowing asset with the opportunity to renovate one down unit and raise rents. This property consists of two 1 bedroom units and Six Studio units. This is a stable apartment with tons of upside. DO NOT DISTURB TENANTS!

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Allison Mikes | North & Co.. Data last updated 2022-01-28T11:14:21.54.
www.allisonmikes.com/homes/123567908
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6723 E Avalon Street Mesa, AZ 85205

  • Price: $975,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 17 min ago
  • MLS #: 6323917
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Desert Wells AMD
County:
Maricopa
Area:
Mesa
School District:
004 - Mesa Unified District
Property Description
Fantastic Opportunity to Own 8 Units in East Mesa. This is a cashflowing asset with the opportunity to renovate one down unit and raise rents. This property consists of two 1 bedroom units and Six Studio units. This is a stable apartment with tons of upside. DO NOT DISTURB TENANTS!
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 60X160 Parking 1 Space/Unit Roads Asphalt Roofing Comp ShingleFoam

Interior Features

1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeMicrowaveRefrigerator Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 375 Efficiency Unit Baths 1 Floors Ceramic Tile Heating Window/Wall Unit(S)

Property Features

1 Bedroom Unit Avg Rent 1032.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 72925.80 Annual Elec Exp 8413.60 Annual Gas Exp 0.00 Annual Ins Exp 3323.00 Annual Landscape Exp 900.00 Annual Maint Exp 450.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 4530.41 Community Amenities Other Cross Street Power And Main Efficiency Unit Avg Rent 964.00 Efficiency Units 6 Electric Master MeterSrp Gas None Gross Annual Sch Inc 76764.00 Hoa YN No Net Operating Income 53858.00 New Financing 1031 ExchangeConventional Operating Exp 19067.01 Other Income 0.00 Owner Pays ElectricLandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Mesa Taxes 1450.00 Tenant Pays Cable Tv Vacancy Allowance 0.05 Water City Franchise Zoning Lc

Listing courtesy of My Home Group Real Estate.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Allison Mikes | North & Co.. Data last updated 2022-01-28T11:14:21.54.
 
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Allison Mikes | North & Co.
7878 N 16th St, Suite 130-14
Phoenix AZ, 85020