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Sold on 11/26/2019
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851 E 5th St, Mesa, AZ 85203

  • $322,000

    Last sold 11/26/2019 after 23 Days

  • 6

    bed

  • 3

    bath

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

About 851 E 5th St

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Property description
This is well-maintained property in an excellent rental area with long-term tenants. All agreements are month-to-month so it will be easy to raise these very low rents. See MLS #5869213 for most recent rental just a few doors down: $795! 5 - 6 parking spots on the property. Each unit has own storage rooms that have been wired and partially plumbed for laundry. Property was completely rebuilt (to the studs) in 2011 so don't let the 1962 build date scare you. These units are completely modern in every way with modern cabinets, newer appliances and floors. This property has lots of upside.
Listed by
Listing Agent - Loyd L. Young
Listing Office - Mesa Verde Real Estate
Source: ARMLS mls logo
MLS#6000367 • last updated 1 year ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Central, Natural Gas
MLS # 6000367
Type Multiple Dwellings
Status Closed
Property Tax 933
Year Built 1962
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 5
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision MUMFORD PARK
Community Features No Pool
Elementary School Edison Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Westwood High School
APN 137-06-065
Zoning Multi-Family
Directions Go North On Horne. Turn East Onto 5th Street. The Property Is On The South Side Of 5th Street.
Multifamily Details
Total # of Units 3
Expense: Operating 4313
Financial Data Source Owner
Expense: Maintenance 240
Expense: Insurance 800
Net Operating Income 22800
Gross Income 22800
Expense: Water/Sewer 2100
Gross Scheduled Income 22800
Expense: Gardener 240
We are not permitted to show value estimates for this property.
  • Jan 2021
    mls logo MLS # 6000367
  • Jan 14, 2021 Sold
    $322,000
  • 851 E 5th St
    $322K
  • East Mesa
    $499K
  • 85203
    $539K +16% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Edison 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
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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