5965 E NORLAND Street, Mesa, AZ 85215

$825,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $825,000 Last Modified: 1/15/2025

Description

LOCATION, LOCATION, LOCATION!! Great Investment Property, Fully Rented, Very Near the Top of the Market Rents with Room to Increase. Three Out of the Four Units Have Been Remodeled with New Flooring, New Kitchen Cabinets & Counter Tops, Vanities & Fixtures! NEW Roof in 2022; New AC Unit for #103 in 9/2021; Great Tenants, Property Management & Rents: #101 (1 Bed/1 Bath; $825); #102 (2/2;$1275); #103 (3/2;$1550); #201 (2/2; $1300); Excellent Value in NE Mesa, Near Restaurants, Shopping, Bus Lines, Fitness Centers & the 202 Red Mountain Freeway. The Three Ground Floor Apartments Have Private Gated Yards and the ONLY Upstairs Unit (#201) Has a HUGE PRIVATE Balcony!

More Information MLS# 6792394

Contract Info

Current Price: $825,000 Sold Price: $825,000 Status: Closed List Date: 2024-12-08 Ownership: Fee Simple

Location Tax Legal

House Number: 5965 Compass: E Street Name: NORLAND St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85215 Zip4: 1423 Country: USA County Code: Maricopa Subdivision: LOMA VISTA Assessor Number: 141-80-391 Tax Year: 2024

General Property Description

Lot Size Dimensions: 8918 Year Built: 1985 Uncvrd Parking Spcs: 6 Total # of Units: 4 # of Buildings: 1 Zoning: RM-3 Elementary School District: Mesa Unified District High School District: Mesa Unified District

Remarks Misc

Cross Street: Recker & McDowell Directions: South On Recker to Norland; West On Norland to SE Corner of Recker & Norland Geo Lat: 33.464644 Geo Lon: -111.701586

Status Change Info

Status Change Date: 2025-01-15 Off Market Date: 2025-01-15 Under Contract Date: 2024-12-09 Close of Escrow Date: 2025-01-14 Sold Price: $825,000

Legal Info

Township: 1N Range: 6E Section: 2 Lot Number: 12

Income Expenses

Gross Annual Sch Inc: 59700 Net Operating Income: 46886

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 825 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1287.5 Avg SqFt: 900 # Baths: 4

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1550 Avg SqFt: 1100 # Baths: 2

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Closing Cost Split: Seller Assist - A Buyer Concession $/%: % Seller Concession to Buyer: 1 Seller Concession $/%: %

Property Features

Project Type: Tri-Plex; Four Plex; 5 - 12 Units Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Tile; Rolled Floors: Vinyl; Wood; Ceramic Tile Sale Includes: Building(s) Only; Laundry Equipment Payment Includes: Principal; Interest Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Separate Storage Interior Amenities: Unfurnished; Vertical Blinds; Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Ceiling; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Central A/C Water: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking: Street Parking; >1 Space Per Unit Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electric; 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 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: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Duckett Management & Real Estate

Last Updated: January - 15 - 2025

5965 E NORLAND Street, Mesa, AZ 85215 (MLS# 6792394)