517 S HALL -- Mesa, AZ $ 820,000
517 S HALL --
$ 820,000
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517 S HALL --

Mesa, AZ, 85204
$ 820,000
Baths0.0

Monthly Estimate*

$ 5,450

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Studio

Multi-Family Home for sale in Mesa, AZ

for $820,000. This home was built in 1962.

Owner would prefer to sell with 507 S Hall St. Owner self managed. Owner has recently installed fencing giving each unit significant private space. This will make the units much more marketable in the future, and will shift the exterior maintenance for the private spaces from the obligation of the landlord to the obligation of the tenant. An ADA sidewalk from the front to the back was also installed. Rent was also increased to at least $1400 for all tenants starting 6/1/24. A separately metered wash room also exists for what used to be a shared laundry. This has been switched to used for the A unit only and they pay the second electric bill. All tenants are month to month, and all would like to stay. Opportunity to improve numbers and get economies of scale with upgrades and buying both units.

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Multi-Family Active

Price

$ 820,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,530

Style

Multiple Dwellings

Year Built

1962

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

6681070

Features
General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Heat Pump Electric
Roof Composition
Zoning R-3
Construction Materials Siding Painted Block Brick
Year Built 1962
Electric SRP
Tenant Pays Electricity
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 65778.0
Community Features No Pool
County Maricopa
Net Operating Income 50631.0
Operating Expense 15147.0
Insurance Expense 1039.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name PARK MESA LOT 35
Garage Y/N N
Status Active
Directions On Broadway go two blocks west of Gilbert Rd to Hall South to property
City Mesa
Buyer Agent Compensation 3.00
Disclosures None
View Y/N N
High School District Mesa Unified District
Open Parking Spaces 2.0
NumberOfUnitsTotal 4
Lot Size Square Feet 0.0
Carport Y/N N
Street Name HALL
Tax Annual Amount 1530.0
Electric Expense 0.0
Current Financing Not Applicable
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 4578.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 36
Standard Status Active
Elementary School District Mesa Unified District
Tax Lot 35
Cap Rate 6.03
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
New Financing True
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Interior
Flooring Carpet Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix --
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features 1 Space/Unit Common
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 12 219 SQFT
Lot Size Acres 0.0
Road Surface Type Gravel Dirt Asphalt
Covered Spaces 4.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 517
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* Excluded Features
List By
Realty Executives

Broker

georgesaiki@gmail.com

Email

Affordability Calculator

$5,577
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,450
Monthly Property Taxes
$128
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327115 Elementary School
4327715 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$820,000 -2.38% Price Down
4/15/2024$840,000 Listed Price

Map


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517 S HALL --, Mesa, AZ, 85204 is a Multi-Family Home for sale at $820,000. 517 S HALL -- is a studio with 0.0 baths and was built in 1962. The property's zip code is 85204 which is in Mesa, AZ