$345,000
903 E 4TH Place
Mesa, AZ 85203
MLS# 5960939
Status: Closed

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Property Description
We are pleased to present an amazing Triplex in the heart of Mesa. This building is 100% occupied. Nice residential neighborhood. Fenced with available Irrigation. Super rare that all utilities are currently paid by tenants. Completely separately metered for all utilities. All central air conditioners. Great Off Street Parking. Super close to downtown Mesa ,shopping, freeways. Rents have not been raised. (one one bedroom $680 currently) ( 2 two bedroom units currently at 799 to 875) Market rents are 900 up to 1,100. A great value add or owner occupant. All Facts and Figures Approximate buyer verify all MLS information. Drive by only tenants are unaware of the sale.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $345,000
Sold Price: $345,000
Status: Closed
List Date: 2019-08-02
Location, Tax & Legal
Assessor's Map #: 6
Assessor's Parcel #: 57
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 0
Taxes: 968
Tax District: 41
Legal: HALL PLACE PER MCR 67/24 LOT 11 EX E 75F & ALSO N 42F LOT 12 EX E 75F
Marketing Name: Hall Place Apartments
Map Code/Grid: Q39
House Number: 903
Compass: E
Street Name: 4TH
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 7209
County Code: Maricopa
Assessor Number: 137-06-057-C
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: IRR
Total # of Units: 3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Edison Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Year Built: 1972
Zoning: RES
Legal Info
Cnty Rcrd Bk & Pg #: 6724
Lot Number: 11
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 1500
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 968
Operating Exp: 7136
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 33060
Total Monthly Rental Income: 2900
Pmt & Rate Info
Cap Rate: 7.98
Down Payment: 0
Equity: 325000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Drapes: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Access Type
Dedicated Street: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1000
Avg SqFt: 780
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: STAPLEY & UNIVERSITY
Geo Lat: 33.423059
Geo Lon: -111.811733
Status Change Info
Off Market Date: 2019-08-31
Under Contract Date: 2019-08-08
Close of Escrow Date: 2019-08-30
Sold Price: $345,000
Income Expenses
Gross Annual Sch Inc: 34800
Net Operating Income: 25924
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Drapes
Appliances Included: Free-Standing Range
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport
Road Access Type: Dedicated Street
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: None
IDX
Listing Office: Grace CRE

Last Updated: February - 02 - 2026

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