408 N Williams St., Mesa, AZ 85203

408 N Williams St., Mesa, AZ 85203
Photo 1 of 1
$184,000
Sold on 3/26/13
Beds Baths Sq. Ft. Taxes Built
0.00 0 $2,881 1963
On the market: 221 days
View full details, 15 photos, school info, and price history
Very convenient neighborhood in Mesa with a solid yield in an easy to rent area. 100% Occupied, ALL 2 Bedroom Units almost 1,000SF each. Turnkey Property, little deferred maintenance. Washer/Dryer Hookup in each unit, covered parking, fenced in yard. Buyer to verify all measurements, zoning, parking, and any item of concern to buyer prior to close of escrow. For the Investor: This property is projected to generate total rents of $26,580 less 5% vacancy of -$1,329 per year so $25,251 adjusted gross income. Then after projected expenses of $10,449 the amount an investor would pocket is $14,802 per year based on pro forma. This is a 7.92% CAP Rate.
Listing courtesy of Linda Gerchick & Patrick O'Sullivan, Gerchick Real Estate & Gerchick Real Estate