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Active

$949,900

($151,590 down)
VA

6206 E GLENCOVE Street, Mesa, AZ 85205

N/A
N/A
sqft
PITI Monthly
$4,824.26 /mo

Listing courtesy of: Michael Ratzken, Two Brothers Realty & Co

Assumed Rate

4.98%
7.15%

Principal & Interest

$4,472 /mo
$5,640 /mo

What's Special

REMODELED
SHOPPING
DINING
SPACIOUS
MODERN
STAINLESS STEEL APPLIANCES
PUBLIC TRANSPORTATION
RENTAL INCOME
INVESTMENT OPPORTUNITY

VA ASSUMABLE LOAN AT 4.25% Beautifully Remodeled Multi-Family Tri-Plex Investment Property in East Mesa! This fully occupied property has been updated to enhance both value and appeal. Each of the three spacious 3-bedroom, 2-bath units features modern upgrades, including stainless steel appliances, individual laundry rooms, and private fenced backyards. Additional amenities include attached storage rooms, individually metered water and electric, and two assigned covered parking spaces per unit. Conveniently located within walking distance to public transportation, with easy access to shopping, dining, and major freeways. A prime investment opportunity with strong rental income. Recent upgrades include, paint, flooring, ceiling fans, kitchen lighting & backsplash, closets, baseboards ect! Also a new shower in unit 2 and backyard in unit 3 was redone with turf

... Show more

Assumption Snapshot

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Assumption Snapshot

Type of Loan
VA
Interest Rate
4.98
Remaining Loan Term
27 years, 2 months
Monthly PITI
$4,824.26/mo
Estimated Loan Balance
$800,614
Cash to close
$151,590
Interest Paid
$115,367

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms: 0
Cooling & Heating
  • Cooling: Electric
  • Heating: Electric
Features
  • Materials: Wood Frame, Painted, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Vinyl

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Tile
Parking
  • Garage: No
  • Garage Spaces:
  • Carport: Yes
  • Carport Spaces: 6
Water
  • Sewer: Sewer-In & Connected, Public Sewer
  • Water Source: Individual Meter
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type:
  • Architectural Style: Unknown
Materials
  • Wood Frame, Painted, Stucco
  • Roof: Tile
Condition
  • Year Built: 1986
Details
  • Builder:

Community & HOA

Community
  • Subdivision:
  • Features: No Pool
HOA
  • Has HOA: No
Location
  • Region: Mesa

Financial Details

  • Price per Sqft: $949,900
  • Tax Annual Amount: $1624
  • On Market Date: 2025-04-01T20:40:17.000Z
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Savings Calculator

Current cash to close is $151,590 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $151,590!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$798,310
Your Cash$151,590
Total Purchase Price:$949,900

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$4,472/mo
Traditional @ 7.5%
$5,850/mo
You save $1,378/month ($16,531/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 6844178

Listing From: Arizona Regional Multiple Listing Service (ARMLS)

Last updated: 2025-04-09T15:41:31.000Z

© , Arizona Regional Multiple Listing Service (ARMLS). All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.98%
7.15%

Principal & Interest

$4,472 /mo
$5,640 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Upgrade to gain access

Get Access

Savings Calculator

Current cash to close is $151,590 (16%)
You can enter any amount below - secondary financing will cover the difference if needed.
16%
$

You cover the entire equity of $151,590!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.98% Sellers Rate
$798,310
Your Cash$151,590
Total Purchase Price:$949,900

Assumed vs Traditional Mortgage

Assumed @ 4.98%
$4,472/mo
Traditional @ 7.5%
$5,850/mo
You save $1,378/month ($16,531/year)

*Secondary financing rates are an estimated value based on input

equal-housing

UMe Realty Group © is committed to and abides by the Fair Housing Act of Equal Opportunity.