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Sold on 01/27/2023

461 S Olive --, Mesa, AZ 85204

$600,000

Last sold 01/27/2023 after 183 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 461 S Olive --

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Property description
Great Investment Opportunity. All Units are 2 bdrms and 1 bath. Newer dual pane windows. 3 out of the 4 HVAC units were replaced. All units have covered parking and exterior storage closets. Roof installed in 2010. All units are individually metered. Tenants pay all utilities. Sold As Is
Listed by
Listing Agent - Alma Magana
Listing Office - DeLex Realty
Source: ARMLS mls logo
MLS#6441566 • last updated 2 months ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Central Air, Electric
Heating Heat Pump, Electric
MLS # 6441566
Type Multiple Dwellings
Status Closed
Property Tax 1370
Year Built 1980
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Disposal, Refrigerator
Exterior
Roof Composition
Construction Brick Veneer, Painted, Block
Parking Paved, Assigned, Add'l Parking Avail, On Street, Carport
# of Open Parking Spaces 6
# of Covered Spaces 4
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision LYNWOOD TRACT LOTS 25-32
Community Features Play Area, No Pool
Elementary School Lowell Elementary School
Elementary School District Mesa Unified District
Middle School Mesa Junior High School
High School District Mesa Unified District
High School Mesa High School
APN 139-23-075-B
Zoning M-H
Directions East On Broadway Past Mesa Dr., right On Olive, Property Located On The Left(east) Side Of Olive.
Multifamily Details
Total # of Units 4
Expense: Operating 6770
Financial Data Source Owner
Expense: Maintenance 3000
Expense: Insurance 1200
Gross Income 38400
Gross Scheduled Income 38400
Expense: Gardener 1200
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Jan 2023
    mls logo MLS # 6441566
  • Jan 27, 2023 Sold
    $600,000 (-3.2%)
  • Dec 8, 2022 Pending
    —
  • Nov 7, 2022 Price Change
    $619,999 (-1.6%)
  • Oct 25, 2022 Price Change
    $629,999 (-8.0%)
  • Sep 20, 2022 Listed
    —
  • Sep 7, 2022 Sold
    $685,000 (+5.4%)
  • Jul 31, 2022 Pending
    —
  • Jul 28, 2022 Listed
    $649,999 (+170.8%)
  • Sep 2018
    mls logo MLS # 5806263
  • Sep 12, 2018 Sold
    $240,000 (-31.4%)
  • Aug 13, 2018 Listed
    $350,000
  • Year Property taxes Tax assessment
  • 2024
    $1,234 -0.8%
    $49,680
  • 2023
    $1,244 +2.1%
    $49,680 +20.88%
  • 2022
    $1,218 -1.2%
    $41,100 +48.21%
  • 2021
    $1,233 +1.3%
    $27,730 +23.68%
  • 2020
    $1,217 +7.0%
    $22,420 +10.94%
  • 2019
    $1,137 +4.2%
    $20,210 +26.08%
  • 2018
    $1,091 +3.1%
    $16,030 +11.24%
  • 2017
    $1,059 +1.9%
    $14,410 +12.14%
  • 2016
    $1,039 +6.4%
    $12,850
  • 2015
    $976
    —
  • 461 S Olive --
    $600K
  • 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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3/10
Lowell Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West 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
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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