517 S Hall --, Mesa, AZ 85204

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Sold Price
$800,000
List Price
$820,000
Closing Date
Aug 14, 2024
Days on Market
143
Status
CLOSED
MLS#
6681070
City
Mesa
Subdivision
Park Mesa, Lot 35
Year Built
1962

Property Description

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.

Additional Information

School District
Mesa Unified District
Community Features
No Pool
Construction
Siding, Painted, Block, Brick
Cooling
Electric, Heat Pump
Electric
SRP
Flooring
Carpet, Ceramic Tile
Heating
Heat Pump, Electric
New Financing
Conventional, FHA, VA Loan
Parking Features
1 Space/Unit, Carport
Roofing
Composition
Sewer
Public Sewer
Subdivision
Park Mesa, Lot 35
Taxes
$1,530
Tax Year
2023
Units
4
Water
City Franchise
Zoning
R-3

Courtesy of AZ Brokerage Holdings, LLC. 480-948-9450 Selling Office: Compass.

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