903 E 5th Street, Mesa, AZ 85203
- $599,000
- List Price
- $599,000
- Price Change
- ▼ $11,000 1692913642
- Days on Market
- 129
- Status
- ACTIVE
- MLS#
- 6561591
- City
- Mesa
- Lot Size
- 3
- Subdivision
- Hall Place
- Year Built
- 1961
Property Description
903 East 5th Street is comprised of 3 units, a 3 bedroom 2 bathroom home totaling 1,382 square feet and a duplex totaling 1,176 square feet (average of 588 square feet/unit), offering a great opportunity to capitalize on an owner-occupied investment strategy. By living in the 3 bedroom home and renting out the two additional units, future ownership is provided lower barriers to entry into the multifamily investment space and advantageous financing offered to single-family residential properties that traditional multifamily investments do not qualify for. Also, there is an opportunity to implement an elevated upgrade package to 100% of the units resulting in an associated monthly renovation premium of $200 per unit.
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Additional Information
- School District
- Mesa Unified District
- Construction
- Block, Brick
- Cooling
- Ceiling Fan(s), Individual
- Electric
- SRP
- Finish
- Painted
- Floors
- Ceramic Tile
- Gas
- SW Gas
- Guest House SqFt
- 6
- Heating
- Ceiling, Individual
- Interior Amenities
- Unfurnished
- Lot Size
- 3
- New Financing
- 1031 Exchange, Conventional, FHA
- Parking
- >1 Space Per Unit
- Project Type
- Tri-Plex
- Roofing
- Comp Shingle
- Sewer
- Sewer - Public
- Subdivision
- Hall Place
- Taxes
- $1,071
- Tenant Pays
- Electric
- Units
- 3
- Water
- Master Meter
- Zoning
- MF-2
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Listing courtesy of Marcus & Millichap.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.