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Sold for $845,000 on 04/15/25
  • $845,000

    5950 E Norland St, Mesa, AZ 85215

    8beds
    2baths
    3,232sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $833,500 Zestimate®
    $261/sqft
    $1,763 Estimated rent

    What's special

    Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28

    Zillow last checked: 7 hours ago

    Listing updated: April 16, 2025 at 01:12am

    Listed by:

    Robert Harris 602-373-2034,

    Realty ONE Group

    Bought with:

    Fredy Pimentel, SA711182000

    Top Rock Realty

    Source: ARMLS,MLS#: 6837107MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 2
    Heating
    • Other
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Washer/Dryer
    Features
    • Flooring: Carpet, Ceramic Tile, Wood
    Interior area
    • Total structure area: 3,232
    • Total interior livable area: 3,232 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Free, Carport
    • Has carport: Yes
    • Covered spaces: 4
    • Uncovered spaces: 4
    Details
    • Parcel number: 14180388
    • Zoning: RM-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted
    • Roof: Composition
    Condition
    • Year built: 1985

    Utilities & green energy

    • Electric: SRP, Individual Meter
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & neighborhood

    Community
    • Community features: No Pool
    Location
    • Region: Mesa
    • Subdivision: LOMA VISTA

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange
    • Ownership: Fee Simple
    • Road surface type: Asphalt, Concrete
    Services availability
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    Estimated market value

    $833,500