Mesa, AZ 85201,38 N SANTA BARBARA Street
Mesa, AZ 85201,38 N SANTA BARBARA Street
Mesa, AZ 85201,38 N SANTA BARBARA Street
Mesa, AZ 85201,38 N SANTA BARBARA Street
Mesa, AZ 85201,38 N SANTA BARBARA Street
Mesa, AZ 85201,38 N SANTA BARBARA Street
See all 15 photos

$2,800,000

$2,985,000

6.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

SOLD DATE : 12/08/2023

Key Details

Sold Price $2,800,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision San Clemente

MLS Listing ID 6524301

Sold Date 12/08/23

Maintenance Fees $6,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1985

Annual Tax Amount $1,628

Tax Year 2022

Lot Dimensions 1/2 Acre (Rectangular)

Property Description

This fully remodeled 12 unit complex, located along the central corridor of Main St. in Mesa, is being offered as a fantastic turnkey investment opportunity. Built in 1985, the unit mix consists of twelve 2 bed/1 bath units which are nearly 900sqft in size. The extensive professional renovations were completed in late 2021. Just some of the interior upgrades include: fresh paint; new shaker kitchen cabinets; new kitchen countertops; new plank flooring; new stainless-steel appliances; and new in-suite washer/dryers.

Exterior amenities consist of: fresh paint; several main level units with walk-out private yards; an abundance of off-street private parking; and upgraded low cost/maintenance desert landscaping. The roofs on all 3 buildings were replaced in Dec-2019.

Demand is high for these units as they are located near the highly sought-after Valley Metro Light Rail Line as well as within close proximity of the 101 freeway and ASU. The nearby employment base is vast which consists of large & small employers. The district serves its residents well by providing an abundance of choices related to shopping, dining, entertainment, schools and hospitals.

As such, this investment offers a hassle-free investment opportunity as it is stabilized, fully renovated and has a strong revenue stream right at acquisition. All 3 fourplexes are side-by-side with each having their own parcel numbers. Therefore, this package offering is conducive to either Commercial or Residential Financing.

Furthermore, this complex is located within a City of Mesa "Opportunity Zone" which continues to attract more investors in substantially improving existing properties within the district. Large new developments have also been completed with others in the pipeline. More information on the "Opportunity Zone" can be found at: www.selectmesa.com/business-environment/incentives-programs/opportunity-zones

Buyer to verify all facts and figures. Drive by only...please do not disturb residents.

Location

State AZ

County Maricopa

Community San Clemente

Zoning MULTI-FAMILY

Interior

Flooring Carpet, Vinyl

Appliance FS OvenRange, WasherDryer

Exterior

Parking Features Paved Parking, Free, >1 Space Per Unit, Street Parking

Community Features No Pool

Roof Type Composition

Total Parking Spaces 18

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 135-47-068

Acceptable Financing No Carry, Conventional

Listing Terms No Carry, Conventional

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
Bought with Non-MLS Office
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 763-6363

david@onlinearizonahomes.com

2680 S Val Vista Dr, Suite 101, Gilbert, AZ, 85295

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.