447 W RIO SALADO Parkway, Mesa, AZ 85201 (MLS# 5423290)

Current Price: $3,850,000 Sold Price: $3,850,000 Status: Closed List Date: 2016-04-04 Ownership: Fee Simple

Map Code/Grid: Q38 House Number: 447 Compass: W Street Name: RIO SALADO St Suffix: Parkway City/Town Code: Mesa State/Province: AZ Zip Code: 85201 Country: USA County Code: Maricopa Subdivision: SAN REMO UNIT 101-124 201-224 Assessor Number: 135-24-106 Tax Year: 2015

Lot Size Dimensions: 2.21 AC Year Built: 1986 Uncvrd Parking Spcs: 48 Total # of Units: 48 # of Buildings: 4 Zoning: RM-3 Elementary School District: Mesa Unified District High School District: Mesa Unified District

Cross Street: W Rio Salado Pkwy & Country Club Dr in Mesa Geo Lat: 33.429425 Geo Lon: -111.841096

Status Change Date: 2016-08-12 Off Market Date: 2016-06-01 Under Contract Date: 2016-05-31 Close of Escrow Date: 2016-08-10 Sold Price: $3,850,000

Lot Number: 135-24-106

Gross Annual Sch Inc: 432000 Net Operating Income: 311631

# 2 Bedroom Units: 48 Avg Rent: 658 Avg SqFt: 817 # Baths: 2

List Agent Home Phn: 480-767-3001

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession to Seller: 1 Buyer Concession $/%: $ Seller Concession to Buyer: 1 Seller Concession $/%: $

Project Type: 25 - 50 Units; RV Park Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Carpet Sale Includes: Land & Building; Pool Equipment Community Amenities: Pool Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Fenced; Patio/Balcony; Guard Gate Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup Cooling: Electric Water: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking: >1 Space Per Unit; Paved Parking Owner Pays: Water; Trash Collection Tenant Pays: Electric; Cable TV Source of Fincl Data: Projected Proforma Existing 1st Loan: Conventional Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Assume - Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: No Carry Environmental: None