410 N Drew Street, Mesa, AZ 85201

$697,500
List Price
$697,500
Days on Market
67
Status
PENDING
MLS#
5881771
City
Mesa
Lot Size
8
Subdivision
Towne's West Lots 1-7 & Tract B Amd
Year Built
2002

Property Description

6.2% CAP rate on ACTUAL INCOME & EXPENSES. Extra clean contemporary building with good upside on easy-to-rent units and low expenses. The property consists of 4 separately condo-mapped Town Home units within a 2-story rental building. Constructed in 2002, the building offers 3-bed / 2-bath floor plans of approximately 1060 SF added to over-sized 2-car enclosed garages of another 400 SF. The property was built using upgraded construction components with 2X6 studs, insulated garages, and 12 seer AC units. Amenities include vaulted ceilings, ceiling fans in every room, dual pane windows, full-size washers & dryers, and CAT5 cabling for all media. Operating expenses at the property are very low since TENANTS PAY 100% of their water, sewer, trash, and electric.

Additional Information

School District
004 - Mesa Unified District
Construction
Frame - Wood, Frame - Metal
Cooling
Central A/C, Electric Refrigeratd
Electric
City Electric
Exterior Amenities
Cable TV Available, Security Light(s)
Finish
Painted, Stucco
Floors
Concrete, Wood, Vinyl/Composition, Ceramic Tile, Carpet
Gas
None
Guest House Sq Ft
12
Heating
Electric, Individual, Heat Pump
Interior Amenities
Unfurnished, Mini Blinds, Fire/Smoke Alarm(s), Vertical Blinds
Lot Size
8
New Financing
Other (See Remarks)
Parking
Garage, >1 Space Per Unit, Paved Parking
Project Type
Four Plex
Roofing
All Tile, Partial Tile, Built-Up
Sewer
Sewer - Public
Pool
Yes
Subdivision
Towne's West Lots 1-7 & Tract B Amd
Taxes
$1,934
Tenant Pays
Water, Other (See Remarks), Cable TV, Trash, Electric, Sewer
Units
4
Water
City Franchise
Zoning
C-TC

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kasten Long Commercial Group.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.