Movoto Real Estate
Sold on 08/03/2017

447 S Olive --, Mesa, AZ 85204

$890,000

Last sold 08/03/2017 after 97 Days

  • 22

    bed

  • 11

    bath

Multi-family not for sale

About 447 S Olive --

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Property description
Seller is motivated bring your offer's now!!! Fully rented and owned by owner for almost 19 years. Self managed and have been running about 21k expenses a year for the past 9 years in actual numbers. All 2 bedroom one bath units. Single level all block construction. All units have covered parking. Newer roof and all have central air. Seller owned laundry. 451 S Olive included in sale. Rents below market at $650.00 currently. All facts figuers are approximate buyer verify MLS information. Drive by only! Do not disturb tenants unaware of sale.
Listed by
Listing Agent - Sophia J. Baron
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5597712 • last updated 2 years ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Electric
Heating Natural Gas
MLS # 5597712
Type Multiple Dwellings
Status Closed
Property Tax 3421
Year Built 1977
Interior
Flooring Vinyl
Appliances Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit
# of Open Parking Spaces 11
# of Covered Spaces 11
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision LYNWOOD TRACT LOTS 25-32
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 139-23-069
Zoning Multifamily
Multifamily Details
Total # of Units 11
Expense: Operating 18211
Financial Data Source Owner
Expense: Maintenance 1000
Vacancy Allowance 0.05
Expense: Insurance 2397
Net Operating Income 71850
Gross Income 90060
Expense: Electric 2000
Expense: Other 3421
Expense: Trash 1500
Expense: Water/Sewer 3800
Gross Scheduled Income 92400
Expense: Gardener 200
We are not permitted to show value estimates for this property.
  • Oct 2019
    Public Records
  • Oct 15, 2019 Sold
    $1,150,000 (+29.2%)
  • Aug 2017
    mls logo MLS # 5597712
  • Aug 3, 2017 Sold
    $890,000
  • Apr 28, 2017 Listed
    $930,000
  • Aug 2017
    Public Records
  • Aug 3, 2017 Sold
    $890,000 (-4.3%)
  • Year Property taxes Tax assessment
  • 2024
    $3,514 -0.8%
    $147,590 -5.14%
  • 2023
    $3,542 +2.1%
    $155,585 +19.4%
  • 2022
    $3,469 -1.2%
    $130,310 +43.83%
  • 2021
    $3,511 +1.3%
    $90,600 +22.63%
  • 2020
    $3,466
    $73,880
  • 447 S Olive --
    $890K
  • Watertower
    $368K -21% y/y
  • 85204
    $400K 0% y/y
  • Mesa
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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  • A smooth, fast sale
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Source: GreatSchools.org © 2026. All rights reserved.

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