508 S OLIVE, Mesa, AZ 85204
$699,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$699,000
Last Modified:
6/20/2025
Description
4-plex near light rail and upgraded Temple District. Easty to rent. Currently under professional property management, renters have been there for the last 6+ years. No HOA. Paved parking lot. Property could work for an owner-occupant.
More Information MLS# 6880361
Contract Info
Current Price: $699,000
List Price: $699,000
Status: Active
List Date: 2025-06-11
Ownership: Fee Simple
Location Tax Legal
House Number: 508
Compass: S
Street Name: OLIVE
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2580
County Code: Maricopa
Assessor Number: 139-23-076-B
Tax Year: 2024
General Property Description
Lot Size Dimensions: irregular
Year Built: 1980
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: 04-02
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: Mesa Dr. and Broadway
Directions: Go East on Broadway, then South on Olive. Property on West side of street
Geo Lat: 33.405498
Geo Lon: -111.817525
Legal Info
Township: 1N
Range: 5E
Section: 26
Lot Number: 17
Income Expenses
Gross Annual Sch Inc: 43200
Net Operating Income: 31420
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 750
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 750
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: None
Parking Features: >1 Space Per Unit; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear; Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Adjustable/Graduated
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; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: eXp Realty
Last Updated: June - 20 - 2025
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