1338 W Lobo Avenue

    Mesa, AZ 85202
    • $390,333
    • STATUS: Closed
    • ON SITE: 517 days
    • MLS #: 5631076
    Sold - 05/10/2018
    $390,333
    SOLD - 05/10/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend the lease each year for seven additional years. If the tenant extends the landlord can negotiate a higher monthly lease amount. The home has nine beds three bathrooms and an office. The Home and business is licensed for a maximum of 10 residents. There is a large great room with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.

    Monthly Payment Calculator

    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Legacy One Realty. Data last updated 2018-12-10T00:15:13.18.
    www.pinalcountyhomesforsale.com/homes/74444679

    1338 W Lobo Avenue Mesa, AZ 85202

    • Price: $400,000
    • Status: Closed
    • MLS #: 5631076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1978
    Built
    Neighborhood:
    Dobson Ranch Unit 3
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Alma Elementary School
    Middle School:
    Rhodes Junior High School
    High School:
    Dobson High School
    School District:
    004 - Mesa Unified District
    Property Description
    This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend the lease each year for seven additional years. If the tenant extends the landlord can negotiate a higher monthly lease amount. The home has nine beds three bathrooms and an office. The Home and business is licensed for a maximum of 10 residents. There is a large great room with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert Landscaping Lot Size Dimensions 93 X 104 Parking Paved ParkingStreet Parking Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 3.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/CompositionCeramic Tile Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 36000.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 500.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 552.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Auction No Community Amenities No Pool Cross Street Baseline And Alma School Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 36000.00 Hoa YN Yes Net Operating Income 33748.00 New Financing Conventional Operating Exp 4364.00 Other Income 0.00 Owner Pays Other (See Remarks) Project Type Other (See Remarks) Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Mesa Taxes 2112.00 Tenant Pays WaterLandscapingCable TvTrashElectricSewer Totl Mnth Rntal Inc 3000.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-6

    Listing courtesy of Edge Realty, Llc.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Legacy One Realty. Data last updated 2018-12-10T00:15:13.18.
     
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