1338 W Lobo Ave
Mesa, AZ 85202
$400,000
Est. Mortgage $1,888/mo Get Pre-Qualified

1338 W Lobo Ave
Mesa, AZ 85202

  • 3,130 sqft
  • 8720 sqft lot size
  • Multi-Family
For Sale
$400,000
Est. Mortgage $1,888/mo Get Pre-Qualified
1338 W Lobo Ave
  • 38
  • See the local terrain and how close this home is to parks and main streets.

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  • Take a virtual walk around the neighborhood.

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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Maricopa county.

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  • 93% of residents commute by car.

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  • 65 Restaurants

    4 Grocery stores

    11 Nightlife

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  • Get a feel for the community.

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For Sale

Home Details

Overview
  • Multi-Family
  • Built in 1978
  • 196 days on Trulia
  • 8720 sqft lot size
  • 3,130 sqft
  • $128/sqft
  • 344 views
  • $46/monthly HOA
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.

Features
LISTING INFORMATION
Updated: 12/31/2017
  • Multi-Family
  • 3,130 Square Feet
  • Lot Size: 8720 sqft
  • Additional Storage
  • Attic
  • Barbeque Area
  • Ceiling Fan
  • Disabled Access
  • Double Paned Windows
  • Garage
  • Garden
  • Lawn
  • Patio
  • Pool
  • Porch
  • Rv Parking
  • Skylight
  • Sprinkler System
  • Storage
  • Vaulted Ceiling
  • View
  • Dishwasher
  • Refrigerator
  • Assigned Parking Space
  • Cable Ready
  • Heating Fuel: Electric
  • Heating: Forced Air
  • Cooling System: Solar, Refrigeration
  • Exterior: Brick
  • Floors: Carpet, Linoleum / Vinyl, Tile
  • Parking Spaces: 3
  • Rooms Type: Dining Room, Family Room
  • MLS/Source ID: 5631076

Price Trends
Real Estate Trends
Average Listing Price for 85202
$235,439
41% below listing price
Median Sale Price for 85202
$212,500
47% below listing price
Average Sale price/sqft for 85202
$141/sqft
10% above listing price/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
4.09
Multi-Family
$429,900
09/19/17
-
-
3,979
4.24
Multi-Family
$296,000
11/09/17
-
-
3,160
6.7
Multi-Family
$347,000
09/07/17
-
-
3,468
5.64
Multi-Family
$495,000
11/09/17
-
-
3,000
7.59
Multi-Family
$350,000
08/31/17
-
-
3,612
5.3
Multi-Family
$328,000
11/16/17
-
-
3,142
4.07
Multi-Family
$289,000
08/25/17
-
-
2,174
4.61
Multi-Family
$345,000
07/07/17
-
-
4,018
8.84
Income/Investment
$394,570
09/18/17
-
-
700
6.69
Multi-Family
$355,000
10/04/17
-
-
3,264

Contact Info


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