$3,800,000
Mesa, AZ 85205
MLS# 6657726
1 / 11
Property Description
Welcome to the PI Townhomes, a 3.65 acre premier For-Rent Development Opportunity. Conveniently located in Mesa on Main Street just west of Greenfield, this project has newly approved RM-4 PAD zoning with an approved site plan for 80 townhomes. Unit mix includes: 68 three-story 2-bed/2bath, 1,128 sq/ft units and 12 two-story 3 bed/2.5 bath, 1,867 sq/ft units. All units have private laundry and a private 2-car garage. 9 of the units have a bonus 2 parking spaces in front of the unit. The site plan includes a vast common area with pool, playground and pickleball court. Mountain View high school boundaries. Convenient location for Loop 202 and US-60 access. Plans and designs included with sale.
Details
Maps
Contract Information
Current Price: $3,800,000
List Price: $3,800,000
Status: Active
List Date: 2024-01-09
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.25
Variable Commission: N
Location, Tax & Legal
House Number: 4140
Compass: E
Street Name: MAIN
St Suffix: Street
Lot #: -
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 8602
Country: USA
County Code: Maricopa
Assessor's Map #: 19
Assessor's Parcel #: 10
Add'l Parcels: No
Assessor Number: 140-19-010
Legal Description (Abbrev): BEG SW COR E2 SW4 NE4 E 300' N 580.8' W 300' S 580.8' TO BEG EX S 50' RD
Census Tract: 420708
Tax Municipality: Mesa
Taxes: 11365
Tax Year: 2023
Marketing Name: 4140 E Main St
General Property Description
Apx Total Acres: 3.65
Apx Total Acres G/N: G
Price Per Acre: 1041095.89
Apx SqFt: 159001
Price Per SqFt: 23.9
Apx SqFt G/N: G
Lot Size Dimensions: 298 x 535
Zoning: RM-4 PAD
Elementary School: Entz Elementary School
Jr. High School: Poston Junior High School
High School: Mountain View High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Greenfield Rd and Main Street
Directions: West on Main from Greenfield. Located on the North side of Main approx. 1/3 mile from Greenfield.
Geo Lat: 33.416386
Geo Lon: -111.742404
Status Change Info
Status Change Date: 2024-01-31
Legal Info
Township: 1N
Range: 6E
Section: 21
Lot Number: -
Pmt & Rate Info
Equity: 3800000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: Owner/Agent; N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family; Existing P.A.D.
Potential Use: Multi-Family; P.A.D.
Parcel Size: 2.50 - 4.99 Acres
Current Density: 21 - 25 Units P/Acre
Development Status: Raw Land; Plans Included
Land Features: North/South Exp
Land Configuration: Square Rectangular
Roads/Streets: Asphalt; Sidewalk(s)
Road Responsibility: City Maintained Road
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: ALTA Survey Alba
Environmental: Phase I Available
Lockbox Type: None
Fencing: None
Listing Office: Dave Johnson Realty
Last Updated: January - 31 - 2024
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Saturday 27th of April 2024 02:24 PM