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Buy a multi-family propertyat 240 S Doran Circle, Mesa, AZ 85204

$735,000

$775,000 (-5.16%)

$0/mo

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Multifamily

320 Days on market

6569218 MLS ID

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About 240 S Doran Circle multi-family property

Cash Flowing 4-Plex in Mesa, Arizona - Excellent Investment Opportunity! This property presents an outstanding chance for investors seeking a lucrative income stream. With its ideal location, attractive unit configuration, and strong rental history, this 4-plex is an exceptional addition to any real estate portfolio. Property Features: Each unit offers 2 bedrooms and 1 bathroom; Tenants are responsible for electricity expenses; All units are currently occupied by long-term tenants, ensuring stable cash flow from day one; Rental rates are at or above market levels, reflecting the high demand for housing in the area. Whether you're a seasoned or a first-time investor, Don't miss out on this exceptional investment opportunity!
Cash Flowing 4-Plex in Mesa, Arizona - Excellent Investment Opportunity! This property presents an outstanding chance for investors seeking a lucrative income stream. With its ideal location, attractive unit configuration, and strong rental history, this 4-plex is an exceptional addition to any real estate portfolio. Property Features: Each unit offers 2 bedrooms and 1 bathroom; Tenants are responsible for electricity expenses; All units are currently occupied by long-term tenants, ensuring stable cash flow from day one; Rental rates are at or above market levels, reflecting the high demand for housing in the area. Whether you're a seasoned or a first-time investor, Don't miss out on this exceptional investment opportunity!

Property details

Listing

Source: Arizona Regional MLS

Bedrooms

4 two bedroom units

Two bedroom units: average rent: $1,400

Location

City/Town: Mesa

County: Maricopa

Subdivision: Hibbert-allen Acres Lots 1-4

Building

Built in 1981

1 building

Marketing name: Hibbert-allen Acres

4 units

Stucco

Frame - Wood

Four Plex

Exterior Features

Fenced

Floors

Carpet

Other

Vinyl

Roof

Built-Up

Comp Shingle

Property

Property type: F

Zoning: RM-4

Expenses

Operating expense: $1,421

Income

Adjusted gross income: 68700.00

Net operating income: 61900.00

Lot

Size: 125'x80'

Lot number: 10

Amenities

No Pool

Appliances & Equipment

Disposal

F/S Oven/Range

Refrigerator

W/D Hookup

Parking

16 parking spaces

10 uncovered parking spaces

6 covered parking spaces

>1 Space Per Unit

Add'l Parking Avail

Cooling

Electric

Heating

Electric

Water Features

City Franchise

Utilities

SRP

None

Sewer - Public

Home Owner's Association

Homeowners' association: No

Schools

Elementary school: Longfellow Elementary School

Middle school: Poston Junior High School

High school: Mesa High School

Taxes

Taxes: 1421.00

Year: 2022

Municipality: Mesa

Miscellaneous

Sewer

Trash Collection

Water

Cable TV

Electric

Monthly cost

Estimated monthly cost

$4,622/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$690,900

+$22,050

$712,950

Seller agent commission$22,050 (3%)*

$0 (0%)

Buyer agent commission$22,050 (3%)*

$22,050 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $22,050 more selling your home
with an Unreal Estate agent

Start free MLS listing
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Unreal Estate checked: Aug 8, 2023 at 4:31 p.m.

Data updated: Aug 3, 2023 at 11:02 a.m.

Courtesy of Real Broker AZ, LLC
This content last updated on 08/03/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Listing Information © 2024 Arizona Regional Multiple Listing Service, Inc.

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