Address
417 N Hill -- Mesa, AZ
Price
$ 1,100,000
Property Attributes
  • ML#6138629
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodKo Ko Palms
  • Zip85203
  • Style
  • Year Built1963
  • Taxes4840
  • Price$ 1,100,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage6848
Listing Provided Courtesy Of:
Grace CRE
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air, desert landscaping. Units are currently under rented at current gross rent is $6415 monthly. Value add opportunity with opportunity to raise rents. Current rent collection is about 801 a unit about a 4.76% on actual. Market rent 1,150 with remodel and raised rents proforma cap about a 7%. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of sale.

Price History
9/28/2020 Listed $1,100,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1150.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Cooling Electric Refrigeratd
Electric SRP
Exterior Features Green Landscaping
Features No Pool
Gas Y/N Other (See Remarks)
Heating Other (See Remarks)
Interior Features Unfurnished
Map Code/Grid Q39
Net Income 80280.00
New Financing Other (See Remarks)
Owner Pays Sewer, Water
Parking Carport
Property Type F
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public
Status Active
Subdivision KO KO PALMS
Tenant Pays Electric
Water City Franchise
Year Built 1963
Zoning R

Interior Features

2 Bedroom Units: # 2 Bedroom Units 8
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 856
Appliances Included F/S Oven/Range, Refrigerator
Floors Carpet
Total Number of Units 8.00

Exterior Features

Public Remarks Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air
Sale Includes Land & Building, Personal Property
Const - Finish Painted
Covered Parking Spcs 8.00
Lot Size Dimensions 130 x 80
Total Parking Spcs 8.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85203

Price
AVG $1.1M
$1.1M
Taxes
AVG $4,840
$4,840
Visits
AVG 71
70
Year Built
AVG 1963
1963

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