$529,000
SOLD AUG 17, 2018

6407 E Butte St Mesa, AZ 85205

Central Mesa East Neighborhood
-- Bed
-- Bath
1,625 Sq Ft
1970 Built

Recently Sold

$326 Per Sq Ft

4% Below List Price

66 Days on Market

Highlights

  • Clubhouse
  • Shuffleboard Court
  • Community Barbecue Grill
  • Franklin at Brimhall Elementary School Rated A
  • Cooling Available
  • Ceramic Tile Flooring

About This Home

As of August 2023

DO NOT WALK PROPERTY - DO NOT DISTURB TENANTS Extra rare East valley gem. Excellent Value-Add play. HUGE UPSIDE with this extra clean 6-unit age-restricted (55+) property 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 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 are on 1 tax parcel with two 1X1 units of 700 SF, two 1X1 units of 750 SF and two 2X1 units t 900 SF. Covered parking, owned laundry, large units rent upside

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 04/01/2018

Last Buyer's Agent

Christine Fox

HomeSmart License #SA661026000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,071

Year Built

  • Built in 1970

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 13 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 268
  • Assessor Parcel Number 141-61-067-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are irreg
  • Velda Rose Estates East Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Game Room

Recreation

  • Shuffleboard Court

Building Details

  • Operating Expense $15,456
  • Gross Income $38,800
  • Net Operating Income $19,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,071

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: University and 64th Street MESA
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2017
  • Directions: 202 East to Mesa, exit Brown Road, west to Power Road, south to University, West on university to 64th Street, south to property on the corner of Butte and 64th Street.
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: VELDA ROSE ESTATES EAST
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Brick
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, Shuffle Brd/Lawn Bwl, Game/Rec Room, Clubhouse, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:GameRec Room: Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes

Fee Information

  • Trash Expense: 486.0
  • Annual Water Sewer Expense: 723.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: No
  • Parcel #: 141-61-067-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 489.0
  • Annual Gross Income: 38800.0
  • Insurance Expense: 3845.0
  • Maintenance Expense: 5347.0
  • Property Net Operating Income: 19464.0
  • Annual Operating Expense: 15456.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2071.0
  • Tax Book Number: 141.00
  • Tax Lot: 268

Range of Values:

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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 Change Sq Ft Price
08/16/2023 08/16/23 Sold $1,050,000 0.0% $646 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $1,050,000 +98.5% $646 / Sq Ft
08/17/2018 08/17/18 Sold $529,000 -3.6% $326 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $549,000 -- $338 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anthony Guerriero

    Seller's Agent in 2023

    Anthony Guerriero

    Russ Lyon Sotheby's International Realty

    (480) 544-2466

    5 in this area

    154 Total Sales

    Anthony Guerriero
    Section Image
  • Christine Fox

    Seller Co-Listing Agent in 2023

    Christine Fox

    HomeSmart

    (480) 818-0435

    2 in this area

    26 Total Sales

    Christine Fox
    Section Image

  • S

    Seller's Agent in 2018

    Scott Trevey

    REI Marketing

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5745031

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85205 Central Mesa East

6407 E Butte St, Mesa, AZ

This home is located at 6407 E Butte St, Mesa, AZ 85205 and is currently priced at $529,000, approximately $325 per square foot. This property was built in 1970. 6407 E Butte St is a home located in Maricopa County with nearby schools including Salk Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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