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$845,000
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Property Description
Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28
Full Property Details
Full Property Details for 5950 E Norland St
General
- Sold For: $845,000
- Taxes: $2,382 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6837107
- Added to Site: 340 day(s) ago
Interior
- Flooring: Carpet, Ceramic Tile, Wood
Parking
- Covered Spaces: 4
- Total Spaces: 8
- Parking Features: Free, Carport
Location
- County: Maricopa
- Township: 1N
- Subdivision: LOMA VISTA
- Cross Streets: Mcdowell RD & Recker RD
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Other
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Wood Frame, Painted
- Roof: Composition
- Year Built: 1985
Lot Features
- Frontage: Asphalt, Concrete, Curbs and Gutters
- Zoning: RM-3
Financial Considerations
- Tax Amount: $2,382
- Tax Year: 2024
- Terms: Conventional, 1031 Exchange
- Owner Pays: None
Disclosures and Reports
- Legal Description: LOT 9 LOMA VISTA MCR 024424
- Property ID: 141-80-388
- Range: 6E
- Section: 2
- Lot Number: 9
Listed by Realty ONE Group
Sold by Top Rock Realty
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Schools
Schools serving 5950 E Norland St
School District:Mesa Unified District
| Name | Grades | Distance |
|---|---|---|
Shepherd Junior High School 1407 North Alta Mesa Drive, Mesa, AZ 85205 | 7-8 | 1.7 mi |
Bush Elementary School 4925 East Ingram Street, Mesa, AZ 85205 | K-6 | 1.8 mi |
Red Mountain High School 7301 East Brown Road, Mesa, AZ 85207 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5950 E Norland St
Date
Details
Price
Change
Source
4/15/2025
Sold
$845,000
—
MLS
3/18/2025
Listed
$845,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5950 E Norland Street, Mesa, AZ 85215 (MLS# 6837107) is a Multi-Family property that was sold at $845,000 on April 15, 2025. Want to learn more about 5950 E Norland Street? Do you have questions about finding other Multi-Family real estate for sale in Mesa? You can browse all Mesa real estate or contact a Coldwell Banker agent to request more information.

