Price Reduction - New Construction
Address
158 N WILBUR --, Mesa, AZ
Price
$ 399,900
Property Attributes
  • MLS#6677500
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodWILBUR SUB
  • Zip85201
  • StyleMultiple Dwellings
  • Year Built1955
  • Taxes$ 791
  • Price$ 399,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

FULLY OCCUPIED.... Duplex with long term tenants in place, lease(s) through May 31, 2025. Perfect opportunity to invest in this well maintained property in the historical Wilbur District in downtown Mesa. Plus, future appreciation due to Mesa's APPROVED planned ''Transform 17'' (aka: Nexus) to be built just North of this property. These 1 bed, 1 bath units have carpet, tile, gas stove, private laundry and covered parking. Large fenced in back yard with manicured grass and pergola. Property has newer roof and 2 AC units. Owner pays water, sewer, trash. Conveniently located near local amenities, Mesa Amphitheatre, cultural attractions, and light rail. Don't miss this gem of a property! Please do not disturb tenants! Tax records show ''158'' Wilbur, the second unit is ''160''.

Price History
3/15/2024 Listed $535,000
4/7/2024 5% - $510,000
4/23/2024 18% - $419,900
5/18/2024 5% - $399,900

General Features

Sewer Public Sewer
Heating Central,Electric
Cooling Heat Pump,Electric,Ceiling Fan(s)
Roof Composition
Zoning R-TC
Construction Materials Painted,Block
Year Built 1955
Electric City Electric
Tenant Pays Gas,Electricity,Cable TV
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 19200.0
OwnerPays Trash Collection,Water,Sewer,Landscaping
Community Features Play Area,No Pool
County Maricopa
Net Operating Income 13985.0
Operating Expense 6006.0
Insurance Expense 640.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 500.0
Subdivision Name WILBUR SUB
Garage Y/N No
Status Active
Directions North on Mesa Dr,West (left) on 1st Street,North (right) on Wilbur to property on left. Tax records reflect only ''158'',but the 2nd unit is ''160'' N Wilbur
City Mesa
Buyer Agent Compensation 3.00
Disclosures Seller Prop Disc Stm
View Y/N No
High School District Mesa Unified District
Open Parking Spaces 0.0
Total Units 2
Lot Size Square Feet 0.0
Carport Y/N No
Street Name WILBUR
Tax Annual Amount 791.0
Water Sewer Expense 2275.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 71
Standard Status Active
Occupancy Type Tenant
Elementary School District Mesa Unified District
Tax Lot 15
Cap Rate 2.61
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Carpet,Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix --
Electric On Property Y/N No

Exterior Features

Parking Features Common
Water Source City Franchise
Total Parking 2.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions 7492
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85201

Price
AVG $950K
$400K
Taxes
AVG $1,239
$791
Visits
AVG 157
193
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1955