NOT LISTED FOR SALE

720 N Westwood Mesa, AZ 85201

Riverview Neighborhood
3 Beds
5 Baths
-- Sq Ft
1968 Built

Last Sold August 17, 2018

Last sale price $447,500

78 Days on Market

About This Home

As of August 2018

100% Occupied, 5 Unit apartment complex in Mesa, Arizona.

Property has recently undergone several renovations and upgrades, totaling to more than $37,600 of capital expenditure in the past year. Currently is both owner-managed and owner maintained, keeping the reported operating expenses wonderfully low (18%); generated a Net Operating Income of $32,903 in 2017, with room for additional upside through rent increases. Investment has a cap rate that out-classes most similar properties in the Greater Phoenix Area.

All City Services; Water, Sewer, Trash Included in Rent while Electric is Sub-Metered & Direct-Billed. No Gas.

Last Agent to Sell the Property

Elan Spreiser

Keller Williams Southern AZ License #SA669862000 Listed on: 05/17/2018

Last Buyer's Agent

Yamile Hirsh-de Ruiter

Cluff Real Estate LLC License #SA633919000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,417

Year Built

  • Built in 1968

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 135-29-068-J

Community Details

Overview

  • 5 Units
  • Building Dimensions are 13068

Building Details

  • Operating Expense $7,057
  • Gross Income $39,960
  • Net Operating Income $32,903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,417

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: W Rio Salado PKWY
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Year Built: 1968
  • Tax Year: 2017
  • Directions: From the AZ - 202 Loop, take exit 11 for Alma School Rd. Take a left on Alma School Rd, left on W Rio Salado PKWY and then right onto N Westwood
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: J
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3060.0

Lot Info

  • Lot Size: 13068
  • Additional Parcels: No
  • Parcel #: 135-29-068-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Annual Gross Income: 39960.0
  • Insurance Expense: 1980.0
  • Property Net Operating Income: 32903.0
  • Annual Operating Expense: 7056.86

Tax Info

  • Tax Annual Amount: 1416.86
  • Tax Book Number: 135.00
  • Tax Lot: 0

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
08/17/2018 08/17/18 Sold $447,500 -3.8% --
06/26/2018 06/26/18 Price Changed $464,999 -2.9% --
04/16/2018 04/16/18 For Sale $479,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Elan Spreiser

    Keller Williams Southern AZ

  • Yamile Hirsh-de Ruiter

    Buyer's Agent in 2018

    Yamile Hirsh-de Ruiter

    Cluff Real Estate LLC

    (480) 567-2121

    36 Total Sales

    Section Image

  • D

    Buyer Co-Listing Agent in 2018

    Darryl Toppin

    ProSmart Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5766990

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Mesa 85201 Riverview

720 N Westwood, Mesa, AZ

This home is located at 720 N Westwood, Mesa, AZ 85201 since 17 May 2018. This property was built in 1968. 720 N Westwood is a home located in Maricopa County with nearby schools including Franklin at Brimhall Elementary School, Emerson 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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