NOT LISTED FOR SALE

10203 E Illini St Mesa, AZ 85208

University Manor Neighborhood
-- Bed
-- Bath
-- Sq Ft
1983 Built

Last Sold September 30, 2022

Last sale price $450,000

73 Days on Market

Highlights

  • Sport Court
  • Cooling Available
  • No Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of September 2022

Looking for your next investment property? Then this is the one! A total of 6 spaces this little money maker is ready for a new owner. 5 current spaces are occupied, 2 doublewides and 3 singlewides tenant owned. Opportunity waits for the 6th space, could be a new doublewide to sell or rent, or a tiny house if that is what you prefer, the space is empty and ready to roll! Monthly rents are rented at $500 to $525, includes water & trash. This property has 2 septic systems and sits on over 34000 sq ft of land in a prime location in Mesa. Close to the 202 and this is very clean & well-kept park with great surroundings, nice landscaping and low maintenance. Call today for more details. Drive-by only, please do not disturb the tenants.

Last Agent to Sell the Property

Jeanie Teyechea

Opportunity 2 Own Real Estate License #BR555154000 Listed on: 06/18/2022

Last Buyer's Agent

Jeanie Teyechea

Opportunity 2 Own Real Estate License #BR555154000 Listed on: 06/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,444

Year Built

  • Built in 1983

Home Design

  • Composition Roof

Parking

  • 12 Open Parking Spaces
  • 16 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Patterson Elementary - Mesa
  • Smith Junior High School
  • Skyline High School

Utilities

  • Cooling Available
  • No Heating
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV, landscaping
  • The owner pays for trash collection, water
  • Tax Lot 140
  • Assessor Parcel Number 220-51-037

Community Details

Overview

  • Building Dimensions are 34200
  • Desert Village 2 Lt 63 76, 89 102, 115 128 Subdivision

Recreation

  • Sport Court
  • Community Playground

Building Details

  • Operating Expense $3,804
  • Gross Income $30,888
  • Net Operating Income $28,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,444

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Crismon & Apache Trail
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Year Built: 1983
  • Average Rent Double Wide: 550.0
  • Average Rent Single Wide: 500.0
  • Mobile Home Prk Info Total Number Spaces: 6
  • Tax Year: 2021
  • Road Surface Type: Asphalt, Private Street
  • Subdivision Name: DESERT VILLAGE 2 LT 63-76, 89-102, 115-128
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: None
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Sport Court, Play Area, No Pool
  • Amenities: None

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Play Area: Yes
  • Community Amenities:Sport Court: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 1400.0

Schools

  • Elementary School: Patterson Elementary - Mesa
  • High School: Skyline High School
  • Middle Or Junior School: Smith Junior High School

Lot Info

  • Lot Size: 34200
  • Additional Parcels: No
  • Parcel #: 220-51-037

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Landscaping
  • Annual Gross Income: 30888.0
  • Insurance Expense: 660.0
  • Property Net Operating Income: 28340.0
  • Annual Operating Expense: 3804.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1444.0
  • Tax Book Number: 220.00
  • Tax Lot: 140

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $450,000 0.0% --
08/29/2022 08/29/22 Pending -- -- --
08/10/2022 08/10/22 Price Changed $450,000 -18.2% --
07/28/2022 07/28/22 Price Changed $550,000 -4.3% --
06/17/2022 06/17/22 For Sale $575,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeanie Teyechea

    Seller's Agent in 2022

    Jeanie Teyechea

    Opportunity 2 Own Real Estate

    (928) 978-7179

    2 in this area

    150 Total Sales

    Jeanie Teyechea
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6419376

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85208 University Manor

10203 E Illini St, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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