437 South Lesueur

Mesa, AZ 85204

$775,000
Last Sold Price
11
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The five units at Ed-Zel Apartments are located just off Mesa Drive, next to the revitalization of Mesa. Near schools, parks and major conveniences, this 5-unit apartment complex, consists of 4 ea 2bed/1 bath units and 1 ea 2bed, 1 bath unit that has a bonus room/3rd bed, fireplace, dishwasher, fenced yard, and private parking. Unit 439 has had a recent complete remodel for an owner occupy or fresh new tenant. 6-car carport includes 3 storage units in front of buildings and the driveway/carport to...

Amenities

  • Common Storage
  • Covered Parking
  • Dishwasher
  • Laundry
  • Parking Included
  • Private Outdoor Space
  • Private Parking

Location

Listing Courtesy of My Home Group Real Estate

Property Details for 437 South Lesueur

StatusClosed
MLS #6246674
Days on Market30
Taxes$2,296 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1971
Lot Size-
CountyMaricopa County

Listing Agent

Carla Magee

Carla Magee

My Home Group Real Estate

Carla@investmentrealestateaz.com

P: 480.359.7796

M: 480.359.7796

Contact Agent(s)

Location

Listing Courtesy of My Home Group Real Estate

Building Information for 437 South Lesueur

Stories-Residences-Year Built1971Building Size-Lot Size-

Payment Calculator

$2,789 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,597

Property Taxes

$191

HOA Dues

$0

Property Information for 437 South Lesueur

Summary
    Location and General Information
  • Cross Street: Broadway & Mesa Dr
  • Directions: East on Broadway to Lesueur south to property. There is no sign, please do not disturb tenants.
  • Map Code/Grid: R39
  • Roads/Streets: Concrete
  • Hundred Block: 500
  • Hndrd Block Directional: E
    School Information
  • Elementary School Dist #: 004 - Mesa Unified District
  • High School Dist #: 004 - Mesa Unified District
    Owner
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Ownership: Fee Simple
    Parking
  • Covered Parking Spcs: 6
  • Parking: >1 Space Per Unit, Carport
  • Total Parking Spaces: 8
  • Uncovered Parking Spaces: 2
    Taxes and HOA Information
  • Tax Municipality: Mesa
  • Tax Year: 2020
Property
    Lot Information
  • Lot Size Dimensions: 130x120
  • Environmental: None
  • Zoning: R3
    Property and Assessments
  • Assessor Number: 139-24-072-b
  • Assessor's Book #: 139
  • Assessor's Map #: 24
  • Assessor's Parcel #: 72
  • Assessor Parcel Ltr: b
  • Additional Parcels: No
  • Legal: Ed-Zel Place Plat 1 MCR 81/06 Lot 1 & Lot 2 EX S 45F TH/OF
  • Legal Info: Lot Number: 1 & 2
  • Project Type: 5 - 12 Units
  • Property Group ID: 19990816212116581394000000
    Utilities
  • Electric: City Electric
  • Gas: City Gas
  • Sewer: Sewer - Public, Sewer-In & Connected
  • Water: City Franchise
Interior and Exterior Features
    Room Information
  • Efficiency Units: # of Efficiency Units: 0
  • Efficiency Units: Average SqFt: 0.0
  • Efficiency Units: # Baths: 0
  • Efficiency Units: Avg Rent: $.00
    Exterior Features
  • # of Buildings: 2
  • Const - Finish: Painted, Stucco
  • Construction: Block, Brick, Frame - Wood
  • Exterior Amenities: Cable TV Available, Green Landscaping, Landscape Wtr System, Partially Fenced, Patio/Balcony, Separate Storage
  • Roofing: Shake
    Interior Features
  • Floors: Carpet, Concrete, Vinyl/Composition
  • Cooling: Electric Refrigeratd
  • Heating: Ceiling Fan(s), Gas
  • Interior Amenities: Unfurnished
  • Appliances Included: BI Oven/Range, Refrigerator, W/D Hookup
Multi Family
    1 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    2 Bedroom Unit Information
  • # of Units: 4
  • # of Bathrooms: 1
  • Average Rent: $1,100.00
  • Average Sq. Ft: 800
    3 Bedroom Unit Information
  • # of Units: 1
  • # of Bathrooms: 1
  • Average Rent: $1,450.00
  • Average Sq. Ft: 1100
    4 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    Income & Expenses Information
  • Adjusted Gross Income: $66,690.00
  • Annual Electric Expense: $.00
  • Annual Gas Expense: $265.00
  • Annual Ins Expense: $2,000.00
  • Annual Land Lease Expense: $.00
  • Annual Landscape Expenses: $750.00
  • Annual Legal & Accounting: $.00
  • Annual Maintenence Expense: $1,500.00
  • Annual Management Expense: $5,650.00
  • Annual Other Expense: $.00
  • Annual Owner Association Fee: $.00
  • Annual PAD Fee: $.00
  • Annual Replacement Reserves: $.00
  • Annual Trash Expense: $1,800.00
  • Annual Water/Sewer Expense: $2,840.00
  • Gross Annual Sch Income: $70,200.00
  • Net Operating Income: $49,589.00
  • Operating Expense: $17,101.00
  • Other Income: $.00
  • Owner Association: No
  • Vacancy Allowance: $.05
    Multi-Family Information
  • Community Amenities: No Pool
  • Source of Financial Data: Projected Proforma
  • Total # of Units: 5
Agent
    Payment and Rate Information
  • Down Payment: $.00
  • Assessment Bal Yrs: 0
  • Assessment Balance: $.00
  • Cap Rate: 6.44%
  • Monthly Payments: $.00
  • Down Payment %: .00%
  • Equity: $770,000.00
  • Total Owed: $.00
Rental
    Rental Information
  • Tenant Pays: Cable TV, Electric, Gas

Property History for 437 South Lesueur

DateEvent & SourcePriceAppreciation
Jul 9, 2021

Sold

ARMLS #6246674

$775,000
Jul 7, 2021

Sold (Public Record)

Public Record #1465755935

$775,000

+7.9% / yr

Jun 10, 2021

Price Change

ARMLS #6246674

$770,000
DateEvent & SourcePrice
07/09/2021

Sold

ARMLS #6246674

$775,000
07/07/2021

Sold (Public Record)

Public Record #1465755935

$775,000

+7.9% / yr

06/10/2021

Price Change

ARMLS #6246674

$770,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 437 South Lesueur

Taxable ValueLand$9,860Additions$39,460Total$49,320
Tax Record2020$2,296 ($191 / month)
Home Facts
Total Finished SqFt4,523 SqFtAbove Grade Finished SqFt4,523 SqFtStories1Lot Size15,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1971Year Renovated1971CountyMARICOPAAPN139-24-072B

Schools near 437 South Lesueur


SchoolTypeGradesDistanceRating
New Horizon School for the Performing ArtsCharterK-60.1 mi
NR
Evit - Mesa Junior High SchoolPublicPK-K0.4 mi
NR
Lowell Elementary SchoolPublicPK-60.5 mi
3
Franklin West Elementary SchoolPublicK-60.6 mi
8

New Horizon School for the Performing Arts

K-6, 0.1 mi, Charter

NR

Evit - Mesa Junior High School

PK-K, 0.4 mi, Public

NR

Lowell Elementary School

PK-6, 0.5 mi, Public

3

Franklin West Elementary School

K-6, 0.6 mi, Public

8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of My Home Group Real Estate

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