$1,999,000
$191K PRICE DROP

1402 E Dana Ave Mesa, AZ 85204

Reed Park Neighborhood

Estimated payment $10,770/month

Total Views 7,796
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A

About This Home

Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the 2 houses have 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made in recent years: 5 of the 6 duplex units have new A/Cs, both of the single family homes have new A/Cs all w/transferrable warranties. 5 of the 6 duplexes have new water heaters. Both single-family homes have new water heaters. Both single-family homes have new roofs w/transferable warranty.

Listing Agent

Gladys Contreras

HomeSmart License #SA649499000 Listed on: 08/11/2024

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1966

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 12 Parking Spaces
  • Carport
  • Free Parking
  • On-Street Parking

Schools

  • Mesa Academy For Advanced Studies Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Central Heating and Cooling System
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tax Lot 138-09-060E
  • Assessor Parcel Number 138-09-060-E

Community Details

Overview

  • 5 Buildings
  • 8 Units
  • Building Dimensions are 31822
  • La Zona Acres Lots 1 Thru 14 26 Thru 29 32 Thru 37 Tracts A & B Subdivision

Building Details

  • Operating Expense $12,957
  • Gross Income $105,500
  • Net Operating Income $94,506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,063

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: Main St & Stapley
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: LA ZONA ACRES LOTS 1 THRU 14 26 THRU 29 32 THRU 37 TRACTS A & B
  • Garage Yn: Yes
  • Tax Parcel Letter: E
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Free, <1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 6761.0

Schools

  • Elementary School: Mesa Academy For Advanced Studies
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 31822
  • Additional Parcels: Yes
  • Parcel #: 138-09-060-E

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 8
  • Annual Gross Income: 105500.0
  • Insurance Expense: 3133.0
  • Property Net Operating Income: 94506.0
  • Annual Operating Expense: 12956.7

Tax Info

  • Tax Annual Amount: 3062.7
  • Tax Book Number: 138.00
  • Tax Lot: 138-09-060E

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/13/2025 01/13/25 Price Changed $1,999,000 -8.7% --
08/11/2024 08/11/24 For Sale $2,190,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6742547

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-09-059A

Arizona Maricopa County Mesa 85204 Reed Park

1402 E Dana Ave, Mesa, AZ

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

Nearby Homes
Listing Agent
Gladys Contreras
Section Image
HomeSmart
(623) 343-6205