$753,500
$799,900
5.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/22/2022
Key Details
Sold Price $753,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Southwest Mesa Center
MLS Listing ID 6322187
Sold Date 02/22/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $1,237
Tax Year 2021
Lot Dimensions Unk
Property Description
It is located in a high demand area of central Mesa. With three of the units updated, there is current income with easy value-add upside for the new owner: renovate the fourth unit and spruce up the existing back yards. Rents are well below market so there is upside through both physical upgrades and bringing rents to market rate. Each unit has a private back yard, individual storage, covered parking space, and a washer dryer hookup. Residents enjoy a central location in a quiet neighborhood. Within walking distance are Kleinman Park, Fiesta Sports Complex, and a number of elementary schools. 716 W. 5th Ave is a... 716 W. 5th Ave is a block constructed building built in 1960, on a 0.27 acre lot with 2,604 sq feet of living space. All units are 2-bed/1-bath with individual meters. Interior viewing after accepted contract.
Location
State AZ
County Maricopa
Community Southwest Mesa Center
Zoning RM-2
Direction South on Extension, East on 5th Ave to property
Interior
Heating Heat Pump
Cooling Heat Pump
Appliance FS OvenRange, WD Hookup
Exterior
Parking Features Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 134-10-007
Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA
Listing Terms No Carry, Conventional, 1031 Exchange, FHA
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with ATLAS AZ, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
9280 S Kyrene Rd Suite 117, Tempe, AZ,, 85284, United States