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5950 E NORLAND Street Mesa, AZ 85215
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Key Details
Sold Price $845,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Loma Vista
MLS Listing ID 6837107
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
Exterior
Parking Features Free, Carport
Community Features No Pool
Roof Type Composition
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
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
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Bought with Top Rock Realty