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The Hill Group

hello@thehillgroupaz.com +1(480) 567-7815

$ 845,000

Est. payment -/mo

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Active Under Contract

5950 E NORLAND Street Mesa, AZ 85215

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Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Loma Vista

MLS Listing ID 6837107

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1985

Annual Tax Amount $2,382

Tax Year 2024

Property Description

Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28

Location

State AZ

County Maricopa

Community Loma Vista

Zoning RM-3

Interior

Heating Other

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Ceramic Tile, Wood

Appliance Dishwasher, Washer/Dryer

Exterior

Parking Features Free, Carport

Community Features No Pool

Roof Type Composition

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Bush Elementary

Middle Schools Bush Elementary

High Schools Red Mountain High School

School District Mesa Unified District

Others

Senior Community No

Tax ID 141-80-388

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Listed by Realty ONE Group

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The Hill Group

Team | BRSA582145000

+1(480) 567-7815

The Hill Group

5950 E NORLAND Street Mesa, AZ 85215

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5950 E NORLAND Street