1050 S HORNE, Mesa, AZ 85204
$4,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,000,000
Last Modified:
3/28/2014
Description
Amazing construction and meticulously maintained. Solid rent roll and a great long term hold property. Two parking spaces per unit. All single level with private backyards. Mixed 2 & 3 bedroom units. On property laundry owned. Pool and club room, plus other amenities.
More Information MLS# 4847386
Contract Info
Ownership: Fee Simple
Current Price: $4,000,000
Sold Price: $4,000,000
Status: Closed
List Date: 2012-11-08
Location, Tax & Legal
Assessor's Map #: 10
Assessor's Parcel #: 2
Assessor Parcel Ltr: Q
Add'l Parcels: Yes
Tax Municipality: Mesa
Census Tract: 420901
Taxes: 24141
Legal: PT NW4 BEG 1690.41' N OF CEN SEC W 872.20' TO PT ON SELY R/W LN
Marketing Name: Siesta Villa Apartments
Map Code/Grid: Q39
House Number: 1050
Compass: S
Street Name: HORNE
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
County Code: Maricopa
Subdivision: Siesta Villa Apartments
Assessor Number: 137-10-002-Q
Tax Year: 2011
General Property Description
# of Buildings: 6
Uncvrd Parking Spcs: 15
Lot Size Dimensions: Irr
Total # of Units: 69
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1973
Zoning: M-H
Legal Info
Range: 5E
Section: 14
Township: 1N
Lot Number: Q & Z
Project Type
51 - 99 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 24141
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 4200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Manager Res/Office: 1
Clubhouse: 1
Game/Rec Room: 1
Heating
Natural Gas: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Tenant Pays
Gas: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
City Electric: 1
Gas
City Gas: 1
Owner Pays
Water: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-899-4262
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 62
Avg Rent: 650
Avg SqFt: 943
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 790
Avg SqFt: 1082
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Carryback
Loan Years: 6
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Horne / Brown
Directions: South to Property
Geo Lat: 33.434596
Geo Lon: -111.815311
Status Change Info
Off Market Date: 2013-01-02
Under Contract Date: 2012-12-01
Close of Escrow Date: 2012-12-31
Sold Price: $4,000,000
Property Features
Project Type: 51 - 99 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: Pool; Manager Res/Office; Clubhouse; Game/Rec Room
Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Natural Gas; Central
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Water; Landscaping; Pool Maintenance
Tenant Pays: Sewer; Electricity; Gas; Trash Collection
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Stonecrest Properties
Last Updated: March - 28 - 2014
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