417 N Hill --

Mesa, AZ
$ 1,100,000 Beds 16 Baths 8 Sq 6,848
Monthly Estimate* How much can I afford?

Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air, desert landscaping. Units are currently under rented at current gross rent is $6415 monthly. Value add opportunity with opportunity to raise rents. Current rent collection is about 801 a unit about a 4.76% on actual. Market rent 1,150 with remodel and raised rents proforma cap about a 7%. All facts and figures are approximate buyer verify all MLS information. Drive by only tenants are unaware of sale.

Multi-Family

  • Price
  • $ 1,100,000
  • Lot Size
  • Bedrooms
  • 16
  • Sqr Footage
  • 6,848
  • Full Bathrooms
  • 8
  • Year Built
  • 1963
  • Half Bathrooms
  • 0
  • City, Zip
  • Mesa
  • Taxes
  • 4840
  • County
  • MARICOPA
  • Style
  • Area
  • MLS#
  • 6138629
  • Zip
  • 85203
Listing Provided by: Grace CRE

Features

General

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1150.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Cooling Electric Refrigeratd
Electric SRP
Exterior Features Green Landscaping
Features No Pool
Heating Other (See Remarks)
Interior Features Unfurnished
Map Code/Grid Q39
Net Income 80280.00
New Financing Other (See Remarks)
Owner Pays Sewer, Water
Parking Carport
Property Type F
Public Remarks Welcome to Palms on Hill Apartments. This 8 unit apartment complex features one 4 plex and two duplexes on one parcel. All two bedroom one bath units, covered parking, central air
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public
Status Active
Subdivision KO KO PALMS
Tenant Pays Electric
Water City Franchise
Year Built 1963
Zoning R

Interior Features

2 Bedroom Units: # 2 Bedroom Units 8
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 856
Appliances Included F/S Oven/Range, Refrigerator
Floors Carpet
Gas Other (See Remarks)
Total Number of Units 8.00

Exterior Features

Sale Includes Land & Building, Personal Property
Const - Finish Painted
Covered Parking Spcs 8.00
Lot Size Dimensions 130 x 80
Total Parking Spcs 8.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Tempe, AZ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/28/2020 Listed $1,100,000

Property vs Zip Code Average in 85203

Price
AVG $860K
$1.1M
Taxes
AVG $2,960
$4,840
Visits
AVG 224
301
Year Built
AVG 1968
1963
Walkscore
AVG 50
49
Data Provided by Walkscore ® not using MLS data

Map

417 N Hill -- Mesa, AZ is a Single Family Home for sale at $1100000 with 6848 sqft and a lot size of Acre(s). 417 N Hill -- Mesa has 16 bedrooms, 8 baths and was built in 1963. The property's zip code is 85203 which is in Mesa, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.