Properties
Mesa, AZ 85203 505 N WILLIAMS Street
$1,200,000
44 more
Presented By: Grace CRE; 602-975-5516
Home Details
We are excited to offer Eight on Williams in Mesa, the most affordably priced multifamily asset of it's class. This property is an excellent unit mix all two bedroom one bath units. This property has had paint, and a newer roof on the back building in recent years. Some units have granite counter tops updated kitchens flooring The garden style building in back has private yards. All units have covered parking. Some units have washer hook ups as well. This is an excellent rental property in Current rents are averaging 1200 a piece with room to raise. Pro-forma numbers provided as well as current rents. All facts and figures are approximate buyer verify MLS information. Drive by only, tenants are unaware of the sale. Property will be shown with an accepted offer.
Presented By: Grace CRE; 602-975-5516
Interior Features for 505 N WILLIAMS Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Carpet, Vinyl
Heating Y/NYes
General for 505 N WILLIAMS Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.36
Carport Y/NNo
CityMesa
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco, Stone, Block
CoolingCentral Air, Electric, Individual
CountyMaricopa
DisclosuresSeller Prop Disc Stm
ElectricSRP
Electric Expense300.0
Elementary School DistrictMesa Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income109440.0
HeatingForced Air, Other, See Remarks, Central
High School DistrictMesa Unified District
Insurance Expense2500.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income88369.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total8
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense26831.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameKO KO PALMS 2 LOTS 34-76
Tax Annual Amount1815.0
Tax Lot49
Tax Year2024
Township1N
Water Sewer Expense6600.0
Year Built1963
ZoningR
Exterior for 505 N WILLIAMS Street
Covered Spaces8.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot DimensionsIRR
Number of Buildings4
Parking FeaturesCarport
Road Surface TypeTreated
SpaNo
Total Parking8.0
Water SourceMaster Meter, City Franchise
Additional Details
Price History
