$400,000 1338 W Lobo Avenue Mesa, AZ

MLS: 5631076   Type: Multi-Family   County: Maricopa   City: Mesa   Neighborhood: Dobson Ranch Unit 3   Zip: 85202     Taxes: $2,112

Mortgage $1,878 /mo



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This property is being sold to investors only as it currently operates as an assisted living facility. The current lease is a three year lease for $3000 per month. The tenant has the option to extend the lease each year for seven additional years. If the tenant extends the landlord can negotiate a higher monthly lease amount. The home has nine beds three bathrooms and an office. The Home and business is licensed for a maximum of 10 residents. There is a large great room with lots of natural light and a big screen TV. Premium location for this type of business in Mesa.

Elementary School

Middle School

High School

Distance: 0.08 Miles
Rhodes Junior High School
Distance: 0.72 Miles
Distance: 0.56 Miles

Price History

7/10/2017 Listed $400,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
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 Frame - Wood
Listing Status Active
Net Income 33748.00
New Financing Conventional
Owner Pays Other (See Remarks)
Property Type F
School District 004 - Mesa Unified District
Tenant Pays Water, Landscaping, Cable TV, Trash, Electric, Sewer
Type ER
Year Built 1978
Zoning R-6

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 0
2 Bedroom Units: # Baths 0
2 Bedroom Units: Avg Sqft 0
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 Other (See Remarks)
Cooling Electric Refrigeratd
Electric SRP
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas None
Heating Electric
Total Number of Units 1.00

Exterior Features

Complex Features No Pool
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping
Lot Size Dimensions 93 x 104
Parking Paved Parking, Street Parking
Roof Comp Shingle
Sewer Sewer - Public, Sewer-In & Connected
Total Parking Spcs 3.00
Water City Franchise

Property Schools

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Gallery (38 photos)

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Property vs Zip Code Avg (85202)

Price 400K Avg 400K

Taxes $2,112 Avg $2,112

Visits 76 Avg 77

Days on Site 159 Avg 159

Walkscore® 46 Avg 46

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Listing Provided Courtesy Of: Edge Realty, LLC

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Location & Address

17235 N 75th Ave, Suite # C-190
Glendale, AZ