Homes for sale - 8019 E MAIN Street, Mesa, AZ 85207

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Jay Jordan

jay@retsy.com +1(602) 388-5841

$ 3,500,000

Est. payment | -/mo

Save

$ 3,500,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Desert Sage Tr Blks 5, 6, 7

MLS Listing ID 6658864

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1945

Annual Tax Amount $10,345

Tax Year 2023

Lot Dimensions 36,000

Property Description

GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.

Location

State AZ

County Maricopa

Community Desert Sage Tr Blks 5, 6, 7

Zoning C-3, R-3

Interior

Heating Individual, Central, Electric

Cooling Central A/C, Individual, Electric, Ceiling Fan(s)

Flooring Ceramic Tile

Appliance Microwave

Exterior

Parking Features Paved Parking, Add'l Parking Avail, 1 Space/Unit

Community Features Manager Res/Office, No Pool

Roof Type Tile,Built-Up,Metal

Total Parking Spaces 24

Building

Sewer Septic in & Cnctd, Septic Tank

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 218-32-007

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Listed by Iannelli and Associates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(602) 388-5841

jay@retsy.com

7316 E 6th Ave, Scottsdale, AZ, 85251

8019 E MAIN Street Mesa, AZ 85207