507 N HALL, Mesa, AZ 85203

$620,000

Property Type: Multiple Dwellings Status: Active

Current Price: $620,000 Last Modified: 2/11/2025

Description

Excellent investment opportunity in Mesa priced to sell! Huge upside on Month to Month Rents. This FourPlex is solid block construction. EACH UNIT has 2 Bedrooms, 1 Bath, covered carport parking, private side yard, storage room, and washer /dryer hookup. Perfect for investors looking to expand their portfolio or generate steady rental income. ADDITIONAL FOURPLEX - 4 BUILDINGS TO NORTH FOR SELL - 543 N Hall - same owner. Facts and figures approximate, buyer to verify to their own satisfaction.

More Information MLS# 6818615

Contract Info

Current Price: $620,000 List Price: $620,000 Status: Active List Date: 2025-02-10 Ownership: Fee Simple

Location Tax Legal

House Number: 507 Compass: N Street Name: HALL St Suffix: -- City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 7409 Country: USA County Code: Maricopa Subdivision: KO KO PALMS 2 LOTS 34-76 Assessor Number: 137-37-072-B Tax Year: 2024

General Property Description

Lot Size Dimensions: 10,303 Year Built: 1971 Uncvrd Parking Spcs: 2 Total # of Units: 4 # of Buildings: 1 Zoning: Multi Family Flood Zone: No Elementary School District: Mesa Unified District High School District: Mesa Unified District Elementary School: Michael T. Hughes Elementary School Jr. High School: Poston Junior High School High School: Mountain View High School

Remarks Misc

Cross Street: University/Gilbert Directions: West on University from Gilbert Rd. Turn North (right) on Hall to property. Geo Lat: 33.424835 Geo Lon: -111.79378

Status Change Info

Status Change Date: 2025-02-10

Legal Info

Lot Number: 72

Income Expenses

Gross Annual Sch Inc: 45120 Net Operating Income: 37109

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 940 Avg SqFt: 750 # Baths: 1

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Comp Shingle; Foam Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping Interior Amenities: Unfurnished Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup Heating: Heat Pump Cooling: Heat Pump Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking: <1 Space Per Unit; Add'l Parking Avail Owner Pays: Water Tenant Pays: Electric; Trash; Cable TV Source of Fincl Data: Provided by Owner Showing Notification Methods: Text; Phone Call Lockbox Type: None 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 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 Environmental: None

Listing Office: HomeSmart

Last Updated: February - 11 - 2025

507 N HALL, Mesa, AZ 85203 (MLS# 6818615)