447 W RIO SALADO Parkway, Mesa, AZ 85201
$3,850,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,850,000 Last Modified: 8/12/2016
Overview
Listing Details MLS# 5423290
Location, Tax & Legal
- Assessor's Map #
- 24
- Assessor's Parcel #
- 106
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Taxes
- 16329
- Legal
- SAN REMO UNIT 101-124 201-224
- Marketing Name
- CYPRESS COMMONS APTS
Contract Info
- Ownership
- Fee Simple
General Property Description
- # of Buildings
- 4
- Uncvrd Parking Spcs
- 48
- Lot Size Dimensions
- 2.21 AC
- Total # of Units
- 48
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Project Type
- 25 - 50 Units
- Yes
- RV Park
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
More Information
Roofing
- Built-Up
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Pool Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 3806
- Annual Gas Exp
- 0
- Annual Ins Exp
- 4585
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 33600
- Annual Mgmt Exp
- 13195
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 18694
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 12000
- Annual Other Expense
- 26000
- Operating Exp
- 128209
- Other Income
- 37000
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 445550
Pmt & Rate Info
- Cap Rate
- 7.8
- Down Payment
- 0
- Equity
- 3995000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Guard Gate
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- No Carry
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Assume - Qualify
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- ALTA Survey Availbl
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Contact Info
- List Agent Home Phn
- 480-767-3001
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- # 2 Bedroom Units
- 48
- Avg Rent
- 658
- Avg SqFt
- 817
- # Baths
- 2
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Closing Cost Split
- Normal - N
- Payment Type
- Fixed
- Buyer Concession to Seller
- 1
- Buyer Concession $/%
- $
- Seller Concession to Buyer
- 1
- Seller Concession $/%
- $
Listing Office: Keller Williams Arizona Realty
Last Updated: August - 12 - 2016
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