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6407 E Butte St
Mesa, AZ 85205
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,848 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | M-M - a light industrial district | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 4,848 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | M-M - a light industrial district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Grill
- Linen Closet
- Patio
- Smoke Free
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Clubhouse
- Courtyard
- Laundry Facilities
- Gameroom
- Planned Social Activities
- Smoke Free
- Storage Space
ABOUT 6407 E BUTTE ST , MESA, AZ 85205
---------------DO NOT WALK PROPERTY - DO NOT DISTURB TENANTS-------------- Excellent Value-Add play. HUGE UPSIDE with this extra clean 6-unit age-restricted (55+) property located in a very desirable east Mesa neighborhood. Property is a part of Velda Rose Estates. Tenants enjoy all the benefits of Velda Rose membership, clubhouse and amenities. Located 60 feet from the clubhouse makes this THE sought after sweet spot in the neighborhood. This pride of ownership asset has been responsibly maintained by diligent owners for over 43 years. Rents have gone unchanged since the 1990's averaging less than $0.65 per square foot. Big Value-Add opportunity. Improvements consist of two buildings on one tax parcel. One building contains two (1 Bed / 1 Bath) units of approximately 700 sf and a laundry room of approximately 148 sf. The other building has two larger (1 Bed/1 Bath) rental units (of approximately 750 sf) and two (2 Bed/1 Bath) rental units (of approximately 900 sf). All buildings have flat roofs with elastomeric coatings surrounded by an attractive tile mansard. HVAC units are roof mounted. Parking consists of concrete drives with covered extended carports for 7 spaces. Rental units have been well maintained with minor updating done to include appliances, fixtures and carpeting within the last 5 years. Located on a county island this rare beauty is being offered 'AS IS - WHERE IS'
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $500.00 | 700 - 750 |
| 2+1 | 2 | $600.00 | 900 |
PROPERTY TAXES
| Parcel Number | 141-61-067A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,548 |
PROPERTY TAXES
