1338 W Lobo Avenue Mesa, AZ
$ 400,000
Property Attributes
  • MLS#5631076
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodDobson Ranch Unit 3
  • Zip85202
  • Style
  • Year Built1978
  • Taxes2112
  • Price$ 400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Edge Realty, LLC
Property Description

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
Alma Elementary School Rhodes Junior High School Dobson High School
Price History
7/10/2017 Listed $400,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
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, Sewer, Electric, Trash, Cable TV, Landscaping
Type ER
Year Built 1978
Zoning R-6

Interior Features

Appliances Included Other (See Remarks)
Cooling Electric Refrigeratd
Electric SRP
Floors Carpet, Ceramic Tile, Vinyl/Composition
Gas None
Heating Electric
Total Number of Units 1.00

Exterior Features

Sale Includes Land & Building
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


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

Property vs Zip Code Average in 85202

AVG $400K
AVG $2,112
AVG 134
Year Built
AVG 1978
AVG 46

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