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Sold on 04/02/2014

745 W 5th Ave, Mesa, AZ 85210

$155,800

Last sold 04/02/2014 after 68 Days

  • 5

    bed

  • 4

    bath

Multi-family not for sale
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About 745 W 5th Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Property description
TURN-KEY INVESTOR SPECIAL!!! CASHFLOW DAY 1! 100% OCCUPANCY! 9.8% Cap Rate. Very Desirable 4-Plex located in great area. 1 Unit is 2bed/1Bath; 3 Units are 1Bed/1Bath. Well maintained all tile units. The electricity is individually metered and each unit has A/C. Great location close to parks, shopping, restaurants, downtown Mesa and schools. Please do not disturb the tenants, drive by only. THROUGH A PARTNERSHIP WITH A 3RD PARTY LENDER, PRIVATE FINANCING AVAILABLE. PUT DOWN 20%, LENDER WILL ARRANGE FOR FINANCING THE BALANCE. INTEREST ONLY FOR A 2 YEARS WITH OPTION TO RENEW.
Listed by
Listing Agent - Jason R. Harrell
Listing Office - AZ Pro Realty
Source: ARMLS mls logo
MLS#5059637 • last updated 1 year ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Electric, 2 Or More Units
Heating Electric
MLS # 5059637
Type Multiple Dwellings
Status Closed
Property Tax 901
Year Built 1959
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking Assigned, 1 Space/Unit, Carport
# of Covered Spaces 4
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 134-10-025
Zoning Residential
Directions South On Extension From Broadway To 5th Avenue. East On 5th Avenue. Property First Building On Right Hand Side Of Street.
Multifamily Details
Total # of Units 4
Expense: Operating 5523
Financial Data Source Accountant, Projected Proforma
Expense: Insurance 1780
Net Operating Income 15033
Expense: Water/Sewer 2842
We are not permitted to show value estimates for this property.
  • Apr 2014
    mls logo MLS # 5059637
  • Apr 2, 2014 Sold
    $155,800
  • Jan 24, 2014 Listed
    $155,000 (-26.2%)
  • Mar 2014
    Public Records
  • Mar 31, 2014 Sold
    $155,800 (+0.5%)
  • Feb 2008
    Public Records
  • Feb 29, 2008 Sold
    $210,000 (-38.2%)
  • Oct 2005
    Public Records
  • Oct 18, 2005 Sold
    $340,000 (+33.3%)
  • Dec 2004
    Public Records
  • Dec 15, 2004 Sold
    $255,000 (+46.6%)
  • Jul 2003
    Public Records
  • Jul 24, 2003 Sold
    $174,000
  • Year Property taxes Tax assessment
  • 2024
    $1,375 -0.8%
    $57,960
  • 2023
    $1,387 +2.1%
    $57,960 +19.58%
  • 2022
    $1,358 -1.2%
    $48,470 +36.46%
  • 2021
    $1,375 +1.3%
    $35,520 +18.16%
  • 2020
    $1,357 +7.0%
    $30,060 +13.43%
  • 2019
    $1,268 +4.2%
    $26,500 +20.56%
  • 2018
    $1,217 +3.1%
    $21,980 +12.6%
  • 2017
    $1,180 +1.9%
    $19,520 +17.45%
  • 2016
    $1,158 +6.4%
    $16,620
  • 2015
    $1,089
    —
  • 745 W 5th Ave
    $155K
  • Kleinman Park
    $306K +25% y/y
  • 85210
    $384K +25% y/y
  • Mesa
    $485K -1% y/y
No chart available
Statistics calculated by Movoto

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1/10
Guerrero 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
1/10
Rhodes Junior High School
public Grades 7-9
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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