616 S BELLVIEW, Mesa, AZ 85204
$380,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$380,000
Last Modified:
5/12/2025
Description
***MUST SEE INVESTMENT*** VALUE-ADD 4-plex close to the revitalized Downtown Mesa. The property is a single level made with block construction boasting a brand-new roof. All one bedroom one bathroom units are approximately 520sqft each. There are long-term tenants but the rents are below market and have leases expiring at the end of Feb. Vacant units re-lease quickly for more than $1.20/sqft. The property also includes 4 covered carport spots in back of building and has a large lot for future improvements.
More Information MLS# 6014994
Contract Info
Current Price: $380,000
Sold Price: $380,000
Status: Closed
List Date: 2019-12-16
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R39
House Number: 616
Compass: S
Street Name: BELLVIEW
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 2542
Country: US
County Code: Maricopa
Assessor Number: 139-26-053-K
Tax Year: 2019
General Property Description
Lot Size Dimensions: 7,560
Year Built: 1961
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: multifamily
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: Broadway Rd and Mesa Dr
Directions: Head east on Broadway from Mesa Dr. Bellview will be the 5th right just before you hit Horne. It will be the last 4-plex on the right side before you reach Marilyn Ave.
Geo Lat: 33.403761
Geo Lon: -111.815527
Status Change Info
Status Change Date: 2020-02-08
Off Market Date: 2020-02-08
Under Contract Date: 2020-01-02
Close of Escrow Date: 2020-02-07
Sold Price: $380,000
Legal Info
Township: 1N
Range: 5E
Section: 26
Income Expenses
Gross Annual Sch Inc: 28684.8
Net Operating Income: 20020
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 650
Avg SqFt: 520
# Baths: 1
Contact Info
List Agent Home Phn: 480-720-3425
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Other; See Remarks
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail
Owner Pays: Water
Tenant Pays: Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
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: Conventional; 1031 Exchange
Environmental: None
Listing Office: Metropolitan Real Estate
Last Updated: May - 12 - 2025
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