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Sold on 03/19/2021

224 W 1st Ave, Mesa, AZ 85210

  • $650,000

    Last sold 03/19/2021 after 57 Days

  • 9

    bed

  • 10

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 224 W 1st Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
This offering is for 2 parcels: 1 parcel has a 4plex and a laundry building. The 2nd parcel has a home and a duplex. Duplex currently rented by 1 family. Seller willing to accommodate 2 transactions/loans to the same buyer if easier for buyer financing and close simultaneously. Owner only has City of Mesa bill (avg $260-$300) for 4plex & house water/sewer/trash & parking lot light (dumpster used by all tenants at property). Tenants pay all other utilities. Buyer can obtain their own financing terms, insurance quote and quotes on landscaping & property management if wanted. Property was using irrigation in the past, not now. Rents $4505/mo & laundry $25/mo.
Listed by
Listing Agent - Ryan Brown
Listing Office - RMB Properties, LLC
Source: ARMLS mls logo
MLS#6184141 • last updated 5 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Window/Wall Unit, Electric, Individual
Heating Individual, Electric, Natural Gas, Floor Furnace, Wall Furnace
MLS # 6184141
Type Multiple Dwellings
Status Closed
Property Tax 1178
Year Built 1960
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition, Metal
Construction Wood Frame, Painted, Block
Parking Add'l Parking Avail, 1 Space/Unit
# of Open Parking Spaces 10
Amenities / Utilities
Water Source Irrigation, City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 138-54-035-A
Zoning TCC
Directions South On Country Club, East On 1st Ave
Multifamily Details
Total # of Units 7
Expense: Operating 4298
Financial Data Source Projected Proforma
Net Operating Income 51240
Gross Income 54360
Expense: Water/Sewer 3120
Gross Scheduled Income 54060
We are not permitted to show value estimates for this property.
  • Mar 2021
    mls logo MLS # 6184141
  • Mar 17, 2021 Sold
    $650,000
  • Jan 22, 2021 Pending
    —
  • Jan 21, 2021 Listed
    $650,000
  • 224 W 1st Ave
    $650K
  • Downtown Mesa
    $442K +17% y/y
  • 85210
    $345K -1% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
3/10
Lowell Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
4/10
Dobson High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • AZ
  • Maricopa County
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  • 224 W 1st Ave
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