NOT LISTED FOR SALE

Estimated Value: $416,411 - $548,000

Studio
-- Bath
2,260 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: December 14, 2018

Last sale price $250,000 $111 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $2,808 / mo

7 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of December 2018

Another GREAT Mesa Investment Opportunity! This single level 3 unit building in Mesa with parking and common area has two re-hab'd end units and one long term tenant in place. New exterior paint (2018). Two end units have new interior paint & new blinds. Updated cabinets, appliances, ceiling fans, sep electric meters for each, private back patio and 18'' tile T/O (no carpet at all) in all three units. New roof coating on entire building (2018). One unit has NEW AC unit (2018). Please do not disturb tenants currently in place (vacant units being marketed for tenants now). Inspections only after contract acceptance. Buyer to verify all facts & figures. Centrally located in Opportunity Zone - City of Mesa & Docs Tab for more info. Property is currently under professional property mgmt service

Last Agent to Sell the Property

Erin C. Reed

C5 Realty & Property Mgmt License #BR556157000 Listed on: 12/04/2018

Co-Listed By

Dennis Murdock

C5 Realty & Property Mgmt License #SA557834000

Last Buyer's Agent

Rick Travis

HomeSmart License #SA564293000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 1964

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Foam Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 45
  • Assessor Parcel Number 138-20-116

Community Details

Overview

  • 3 Units
  • Building Dimensions are 60x110
  • Suburban Gardens 2 Subdivision

Building Details

  • Operating Expense $5,318
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,018

Year Built

Built in 1964

Lot Details

6,882 Sq Ft Lot

Listing Details

  • Cross Street: Stapley & Southern
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 872
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street
  • Co List Office Mls Id: c5re001
  • Co List Office Phone: 480-786-5339
  • Subdivision Name: SUBURBAN GARDENS 2
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood, Slump Block
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 60x110
  • Additional Parcels: No
  • Parcel #: 138-20-116

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Property Net Operating Income: 26400.0
  • Annual Operating Expense: 5318.0

Tax Info

  • Tax Annual Amount: 2018.0
  • Tax Book Number: 138.00
  • Tax Lot: 45

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2019
Sold by
Bought by
Current Estimated Value
$504,340

Purchase Details

Listed on
Dec 4, 2018
Closed on
Jan 8, 2019
Sold by
Bought by
Seller's Agent
Erin C. Reed
C5 Realty & Property Mgmt
Buyer's Agent
Rick Travis
HomeSmart
List Price
$269,900
Sold Price
$250,000
Premium/Discount to List
-$19,900
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
May 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
0.0592%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
0.0715%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$250,000 Equity Title Agency Inc
$90,000 Stewart Title & Trust Of Pho
$42,000 Security Title Agency
-- Security Title Agency
$68,400 First American Title
-- --
$170,000 Ticor Title Agency Of Az Inc
$110,000 Chicago Title Insurance Co
$68,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $127,500
Closed $101,000
Closed $99,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $250,000 -7.4% $111 / Sq Ft
12/14/2018 12/14/18 For Sale $269,900 +8.0% $119 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
12/06/2018 12/06/18 Off Market $250,000 -- --
12/04/2018 12/04/18 For Sale $269,900 -- $119 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $992 $10,053 -- --
2024 $995 $9,574 -- --
2023 $995 $34,060 $6,810 $27,250
2022 $974 $26,580 $5,310 $21,270
2021 $986 $21,970 $4,390 $17,580
2020 $973 $19,810 $3,960 $15,850
2019 $909 $17,020 $3,400 $13,620
2018 $873 $15,250 $3,050 $12,200
2017 $847 $12,560 $2,510 $10,050
2016 $831 $11,710 $2,340 $9,370
2015 $781 $10,320 $2,060 $8,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5854122

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-20-116

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