505 N Williams Street, Mesa, AZ 85203
$1,360,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,360,000
Last Modified:
8/28/2025
Description
SELLER OPEN TO SELLER CARRY!!! We are pleased to announce Eight on Williams in Mesa. This property is excellent unit mix all two bedroom one bath units. Property has had some recent capital expenders. Newer roof on back building, newer paint and landscaping. Some units have granite counter tops updated kitchens flooring and bathrooms. Garden building in back have private yards. All units have covered parking. Some units have washer/dryer hookups as well. Great opportunity for value you add. Current rents are below market at $1175 Average. Market rents are $1350 to $1450 Projected proforma on property. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of the sale. No showings without accepted contract.
More Information MLS# 6839777
Contract Info
Current Price: $1,360,000
List Price: $1,360,000
Status: Active
List Date: 2025-03-22
Ownership: Fee Simple
Location Tax Legal
House Number: 505
Compass: N
Street Name: Williams
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
County Code: Maricopa
Subdivision: KO KO PALMS 2
Assessor Number: 137-37-049
Tax Year: 2024
General Property Description
Lot Size Dimensions: IRR
Year Built: 1963
Total # of Units: 8
# of Buildings: 4
Zoning: R
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Field Elementary School
Jr. High School: Poston Junior High School
High School: Mountain View High School
Remarks Misc
Cross Street: University & Stapley
Directions: East On University, North on Williams to Property on the Right hand side
Geo Lat: 33.424608
Geo Lon: -111.794758
Legal Info
Lot Number: 49
Income Expenses
Gross Annual Sch Inc: 105600
Net Operating Income: 78990
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Green Landscaping
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Other; See Remarks
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: Carport
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
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: 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: Cash; Conventional; Owner May Carry; Wraparound
Environmental: None
Listing Office: Tradelands Realty
Last Updated: August - 28 - 2025
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