$535,000
Mesa, AZ 85204
MLS# 6877289
Status: Closed
1 / 13
Property Description
4-Plex Easy to rent always occupied. Amazing 9% Cap Rate!! 761 E Millitt also available next door for a total of 8 units. Current rents are $975, $975, $975 and $1450. All are good sized 1/1's. Great Mesa location. Leases and Financials attached.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $535,000
Sold Price: $535,000
Status: Closed
List Date: 2025-06-07
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): LOT 40 EAST MILLETTS GREEN ACRES MCR 007818
Assessor's Parcel #: 66
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421901
Taxes: 0
Legal: LOT 40 EAST MILLETTS GREEN ACRES MCR 007818
Marketing Name: Millett 4-plex
House Number: 755
Compass: E
Street Name: MILLETT
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 4153
County Code: Maricopa
Subdivision: EAST MILLETTS GREEN ACRES
Assessor Number: 139-27-066
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 75 x 135
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Holmes Elementary School
Jr. High School: Taylor Junior High School
High School: Mesa High School
Year Built: 1964
Zoning: RM-3
Legal Info
Range: 5E
Section: 26
Township: 1N
Lot Number: 40
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 0
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Range: 1
None: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Accountant: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 0
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Horne x Southern
Directions: North On Horne, Left On Millett, Plex On Left.
Geo Lat: 33.399448
Geo Lon: -111.814642
Status Change Info
Off Market Date: 2025-11-21
Under Contract Date: 2025-11-15
Close of Escrow Date: 2025-12-15
Sold Price: $535,000
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; None
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Add'l Parking Avail; Assigned
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Accountant
Showing Notification Methods: Text
Lockbox Type: See Private Remarks
New Financing: VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Distinguished Properties
Last Updated: December - 16 - 2025
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