5950 E Norland Street, Mesa, AZ 85215
- $845,000
- Sold Price
- $845,000
- List Price
- $845,000
- Closing Date
- Apr 15, 2025
- Days on Market
- 29
- Status
- CLOSED
- MLS#
- 6837107
- City
- Mesa
- Subdivision
- Loma Vista
- Year Built
- 1985
Property Description
Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28
Additional Information
- Elementary School
- Bush Elementary
- High School
- Red Mountain High School
- Middle School
- Bush Elementary
- Community Features
- No Pool
- Construction
- Wood Frame, Painted
- Cooling
- Central Air, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Flooring
- Ceramic Tile
- Heating
- Other
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- Open, Carport
- Roofing
- Composition
- Subdivision
- Loma Vista
- Taxes
- $2,382
- Tax Year
- 2024
- Tenant Pays
- Electricity, Cable TV
- Units
- 4
- Water
- City Franchise
- Zoning
- RM-3
Courtesy of Realty ONE Group. 480-315-1240 Selling Office: Top Rock Realty.
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