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Sold on 08/18/2018

6407 E Butte St, Mesa, AZ 85205

  • $529,000

    Last sold 08/18/2018 after 139 Days

  • 8

    bed

  • 6

    bath

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

About 6407 E Butte St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Property description
DO NOT WALK PROPERTY - DO NOT DISTURB TENANTS Extra rare East valley gem. Excellent Value-Add play. HUGE UPSIDE with this extra clean 6-unit age-restricted (55+) property in a very desirable east Mesa neighborhood. Property is a part of Velda Rose Estates. Tenants enjoy all the benefits of Velda Rose membership, clubhouse and amenities. Located 60 feet from the clubhouse makes this THE sought after sweet spot in the neighborhood. This pride of ownership asset has been responsibly maintained for over 43 years. Rents have gone unchanged since the 1990's averaging less than $0.65 per square foot. Big Value-Add opportunity. Improvements are on 1 tax parcel with two 1X1 units of 700 SF, two 1X1 units of 750 SF and two 2X1 units t 900 SF. Covered parking, owned laundry, large units rent upside
Listed by
Listing Agent - Scott R Trevey
Listing Office - Kasten Long Commercial Group
Source: ARMLS mls logo
MLS#5745031 • last updated 1 year ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Electric, Heat Pump
Heating Natural Gas
MLS # 5745031
Type Multiple Dwellings
Status Closed
Property Tax 2071
Year Built 1970
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Built-Up
Construction Painted, Block, Brick
Parking Paved, >1 Space Per Unit, Carport
# of Open Parking Spaces 6
# of Covered Spaces 7
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic Tank
Location
Subdivision VELDA ROSE ESTATES EAST
Community Features Other, See Remarks, Barbecue, Shuffle Brd/Lawn Bwl, Game/Rec Room, Clubhouse, No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-61-067-A
Zoning M-M
Directions 202 East To Mesa, Exit Brown Road, West To Power Road, South To University, West On University To 64th Street, South To Property On The Corner Of Butte And 64th Street.
Multifamily Details
Total # of Units 6
Expense: Operating 15456
Financial Data Source Owner
Expense: Maintenance 5347
Vacancy Allowance 0.03
Expense: Insurance 3845
Net Operating Income 19464
Gross Income 38800
Expense: Electric 489
Expense: Other 1647
Expense: Trash 486
Expense: Water/Sewer 723
Gross Scheduled Income 40000
Expense: Gardener 350
We are not permitted to show value estimates for this property.
  • Aug 2023
    mls logo MLS # 6565443
  • Aug 16, 2023 Sold
    $1,050,000
  • Jun 11, 2023 Pending
    —
  • Jun 6, 2023 Listed
    $1,050,000 (+98.5%)
  • Jun 5, 2023 Listed
    —
  • Aug 2018
    mls logo MLS # 5745031
  • Aug 18, 2018 Sold
    $529,000 (-3.6%)
  • Apr 1, 2018 Listed
    $549,000
  • 6407 E Butte St
    $529K
  • East Mesa
    $499K
  • 85205
    $384K 0% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Salk Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall 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
5/10
Fremont Junior High School
public Grades 7-8
Mesa Unified School District
7/10
Red Mountain High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
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  • Maricopa County
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  • 6407 E Butte St
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