Address
1338 W Lobo Avenue Mesa, AZ
Price
$ 400,000
Property Attributes
  • MLS#5631076
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodDobson Ranch Unit 3
  • Zip85202
  • Style
  • Year Built1978
  • Taxes2112
  • Price$ 400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Edge Realty, LLC
Property Description

This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend the lease each year for seven additional years. If the tenant extends the landlord can negotiate a higher monthly lease amount. The home has nine beds three bathrooms and an office. The Home and business is licensed for a maximum of 10 residents. There is a large great room with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.

Elementary School Middle School High School
Alma Elementary School Rhodes Junior High School Dobson High School
Price History
7/10/2017 Listed $400,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Elementary School Alma Elementary School
High School Dobson High School
Listing Status Active
Middle School Rhodes Junior High School
Net Income 33748.00
New Financing Conventional
Owner Pays Other (See Remarks)
Property Type F
Public Remarks This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend
School District 004 - Mesa Unified District
Subdivision Y/N DOBSON RANCH UNIT 3
Tenant Pays Water, Landscaping, Cable TV, Trash, Electric, Sewer
Type ER
Year Built 1978
Zoning R-6

Interior Features

Appliances Included Other (See Remarks)
Cooling Electric Refrigeratd
Electric SRP
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas None
Heating Electric
Total Number of Units 1.00

Exterior Features

Sale Includes Land & Building
Complex Features No Pool
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping
Lot Size Dimensions 93 x 104
Parking Paved Parking, Street Parking
Roof Comp Shingle
Sewer Sewer - Public, Sewer-In & Connected
Total Parking Spcs 3.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85202

Price
AVG $400K
$400K
Taxes
AVG $2,112
$2,112
Visits
AVG 76
76
Year Built
AVG 1978
1978
Walkscore
AVG 49
49

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