$1,325,000 47 N Horne Road Mesa, AZ

MLS: 6140995   Type: Backup   County: Maricopa   City: Mesa   Neighborhood: Fraser Fields Lots 17-47 - 66-96   Zip: 85203     Taxes: $1,669

Mortgage $6,221 /mo



Half Baths

Sqr Footage

Lot Size








Great add value opportunity with all units currently rented at below market value. Ad value pro forma places CAP rate above 7% if rents increased to market value. Buildings have newer roofs and are in a prime location. All 2 bedrooms units are large with solid block construction. Financials available with accepted LOI. Please do not disturb tenants, drive by only until inspection period.

Elementary School

Middle School

High School

Distance: 0.57 Miles
Kino Junior High School
Distance: 1.07 Miles
Distance: 2.25 Miles

Price History

10/2/2020 Listed $1,325,000

1 Bedroom Units: Avg Rent 700.00
2 Bedroom Units: Avg Rent 850.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block
Cooling Central A/C, Individual
Electric City Electric
Elementary School Edison Elementary School
Exterior Features Cable TV Available, Desert Landscaping, Green Landscaping, Landscape Wtr System, Partially Fenced, Patio/Balcony, Security Light(s), Separate Storage
Features Barbecue Area(s), No Pool, Play Area
Heating Electric, Individual
High School Westwood High School
Interior Features Unfurnished
Map Code/Grid R39
Middle School Kino Junior High School
Net Income 41000.00
New Financing Conventional, CTL, FHA
Owner Pays Landscaping, Sewer, Trash Collection, Water
Parking 1 Space/Unit, Add'l Parking Avail, Assigned, Carport, Free, Other (See Remarks)
Property Type F
Public Remarks
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public
Status Active
Subdivision FRASER FIELDS LOTS 17-47, 66-96
Tenant Pays Cable TV, Electric
Water City Franchise, Master Meter
Year Built 1961
Zoning D

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 750
2 Bedroom Units: # 2 Bedroom Units 9
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 850
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included BI Oven/Range, Refrigerator, W/D Hookup
Floors Carpet, Vinyl/Composition
Gas City Gas
Total Number of Units 10.00

Exterior Features

Const - Finish Painted
Covered Parking Spcs 10.00
Lot Size Dimensions 143X207
Total Parking Spcs 20.00

Property Schools

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Gallery (6 photos)

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Property vs Zip Code Avg (85203)

Price 1.32M Avg 441K

Sqr Feet 8,400 Avg 2,495

Cost / Sqr Ft $158 Avg $177

Taxes $1,669 Avg $1,685

Visits 35 Avg 95

Days on Site 18 Avg 40

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Listing Provided Courtesy Of: Tradelands Realty

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Location & Address

The Evenson Fisher Group
2301 S Stearman drive
Chandler, AZ