327 S STAPLEY Drive, Mesa, AZ 85204
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
5/22/2025
Description
ATTENTION VALUE ADD INVESTORS!!! HUGE UPSIDE ON MONTH TO MONTH RENTS, NICE CENTRAL MESA LOCATON BETWEEN US 60 AND MESA'S THRIVING MAIN STREET. ALL LARGE 2 BEDROOM UNITS 920 SQFT. WITH PRIVATE BALACONIES/ PATIOS AND YARDS, WASHER/DRYER HOOKUPS, TILE FLOORING, 2018 ROOF, 3 AC UNITS 2022, COVERED PARKING. $1,250 Market Rents Proforma in Documents at 6.8 CAP RATE. Facts and figures approximate, buyer to verify to their own satisfaction.
More Information MLS# 6706352
Contract Info
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2024-05-15
Ownership: Fee Simple
Location Tax Legal
House Number: 327
Compass: S
Street Name: STAPLEY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2159
Country: US
County Code: Maricopa
Subdivision: HIBBERT-ALLEN ACRES LOTS 1-4
Assessor Number: 138-14-019-N
Tax Year: 2023
General Property Description
Lot Size Dimensions: 56X70
Year Built: 1984
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: RM-4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: Stapley Dr & Broadway
Directions: From US60 West North on Stapley Dr Just north of Broadway Rd and 3rd Street on East side of Stapley.
Geo Lat: 33.409021
Geo Lon: -111.804872
Status Change Info
Status Change Date: 2024-06-25
Off Market Date: 2024-06-25
Under Contract Date: 2024-05-20
Close of Escrow Date: 2024-06-24
Sold Price: $695,000
Legal Info
Township: 1N
Range: 5E
Section: 24
Lot Number: 15
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 29257
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 750
Avg SqFt: 920
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Patio/Balcony; Other (See Remarks)
Interior Amenities: Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; W/D Hookup
Heating: Individual
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Incorporated Area
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Trms: Not Applicable
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 22 - 2025
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