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Sold on 06/09/2018
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766 E 3rd Ave, Mesa, AZ 85204

  • $283,000

    Last sold 06/09/2018 after 57 Days

  • 8

    bed

  • 4

    bath

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

About 766 E 3rd Ave

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Property description
Great opportunity to purchase 4 Plex in the heart of Mesa. High occupancy; great cash flow and appreciation opportunity! Same floor plan in 4 units = ease of maintenance and repair. 2 Bed / 1 Bath units. Upgraded with tile & wood laminate floors and granite counter tops in 2010. Efficient and durable block construction. Facilities for coin laundry in building! (complex also has laundry room) Separately metered for electric; City of Mesa water. Covered parking for tenants. Across the street from new Eagles Park and Community Center and steps to Lowell Elementary School. Walk to light rail! Close to Benedictine College, NAU East Valley, and employment/shopping/entertainment opportunities in downtown Mesa.
Listed by
Listing Agent - Jacob Beeson
Listing Office - Beehive Property Management, LLC
Source: ARMLS mls logo
MLS#5752934 • last updated 1 year ago
Movoto checked ARMLS for data 11 minutes ago
Overview
Cooling/AC Electric, Individual
Heating Individual, Electric
MLS # 5752934
Type Multiple Dwellings
Status Closed
Property Tax 1144.2
Year Built 1983
Interior
Flooring Carpet, Ceramic Tile, Wood, Concrete
Appliances Free-Standing Range, Disposal, Refrigerator
Exterior
Roof Composition
Construction Stucco, Block, Slump Block
Parking >1 Space Per Unit
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Malibu Manor
Community Features No Pool
Elementary School Lowell Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Mesa High School
APN 138-29-053-A
Zoning MULTI
Directions South To 3rd Ave. Property On Northwest Corner Of 3rd Ave And Horne.
Multifamily Details
Total # of Units 4
Expense: Operating 14397.57
Financial Data Source Owner
Expense: Maintenance 7459.54
Vacancy Allowance 0.03
Expense: Insurance 1000
Net Operating Income 11160.41
Gross Income 24409.08
Expense: Electric 907.33
Expense: Professional Management 2099.5
Expense: Water/Sewer 1647
Gross Scheduled Income 25164
We are not permitted to show value estimates for this property.
  • Jun 2018
    mls logo MLS # 5752934
  • Jun 9, 2018 Sold
    $283,000 (+1.1%)
  • Apr 13, 2018 Listed
    $279,900
  • 766 E 3rd Ave
    $283K
  • Fraser
    $418K -50% y/y
  • 85204
    $429K +2% y/y
  • Mesa
    $489K -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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