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47 N HORNE Road Mesa, AZ 85203
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Key Details
Sold Price $1,325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Fraser Fields Lots 17-47, 66-96
MLS Listing ID 6140995
Sold Date 03/09/21
Maintenance Fees $14,065
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $1,669
Tax Year 2020
Lot Dimensions 143X207
Property Description
Great add value opportunity with all units currently rented at below market value. Ad value pro forma places CAP rate above 7% if rents increased to market value. Buildings have newer roofs and are in a prime location. All 2 bedrooms units are large with solid block construction. Financials available with accepted LOI. Please do not disturb tenants, drive by only until inspection period.
Location
State AZ
County Maricopa
Community Fraser Fields Lots 17-47, 66-96
Zoning D
Direction North to property on East side of road.
Interior
Heating Individual, Electric
Cooling Central A/C, Individual
Flooring Carpet, Vinyl
Appliance BI Oven/Range, W/D Hookup
Exterior
Parking Features Other (See Remarks), Free, Assigned, Add'l Parking Avail, 1 Space/Unit, Common
Community Features Barbecue, Play Area, No Pool
Roof Type Composition
Total Parking Spaces 20
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
Elementary Schools Edison Elementary School
Middle Schools Kino Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 138-22-010
Acceptable Financing CTL, Conventional, FHA
Listing Terms CTL, Conventional, FHA
Financing Conventional
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Bought with Grace CRE