Seller's Agent in 2025
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
(602) 430-5843
1 in this area
65 Total Sales
1041 N Mesa Dr Mesa, AZ 85201
Mesa Patios Neighborhood
--
Bed
--
Bath
2,760
Sq Ft
1972
Built
Highlights
- Wood Flooring
- Brick Veneer
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
- Central Heating and Cooling System
About This Home
As of August 2025Seller May Carry All Facts & Figures Approximate, Buyer to Verify to Their Satisfaction. Discover a remarkable multiplex that promises a solid investment. This well-maintained property features 24 spacious units, each generating reliable rental income while showcasing significant investment potential. Long Term Owners and Tenants. All Single Level Buildings. with Newer Air Conditioners Walking Distance to Shopping. Great Parking Along With Street Parking. Please Do Not Disturb Tenants. Each unit is individually metered for electricity, simplifying utility management and maximizing profitability. The property boasts Ample parking spaces, ensuring ample parking for both residents and guests, further enhancing its overall convenience and appeal. Additionally, which boosts tenant comfort and desirability. Mesa's thriving economy and robust job market make it a highly sought-after location for renters, ensuring strong rental demand and low vacancy rates. With convenient access to major highways and public transportation, commuting to Phoenix and its surrounding areas is effortless. This property is strategically situated in the heart of Mesa, with nearby amenities including shopping centers, restaurants, schools, and parks. The property is well connected to major highways and public transport, providing easy access to the greater Phoenix Metropolitan Area. Seller May Carry
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 04/28/2025
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,133
Year Built
- Built in 1972
Home Design
- Brick Veneer
- Composition Roof
- Built-Up Roof
- Foam Roof
- Block Exterior
Flooring
- Wood
- Concrete
- Ceramic Tile
Parking
- 9 Open Parking Spaces
- 29 Parking Spaces
- Carport
- Paved Parking
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Individual Controls for Heating
- Master Water Meter
Additional Features
- Ceiling Fan
- Additional Parcels
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 45
- Assessor Parcel Number 137-32-151
Community Details
Overview
- 6 Buildings
- 24 Units
- Building Dimensions are 57582
- Enchanted Village Subdivision
Building Details
- Operating Expense $34,533
- Gross Income $404,400
- Net Operating Income $384,439
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 28, 2025
Closed on
Jul 29, 2025
Sold by
1029 Abcd Llc and 1041 Mesa Drive Llc
Bought by
Frost Circle Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$5,100,000
Sold Price
$4,500,000
Premium/Discount to List
-$600,000
-11.76%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.82%
Original Mortgage
$1,750,000
Outstanding Balance
$1,736,154
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$659,513
Purchase Details
Closed on
Aug 17, 2022
Sold by
Courrier Timothy S and Courrier Paige
Bought by
1041 Mesa Drive Llc
Purchase Details
Closed on
May 14, 2003
Sold by
Bassler Robert T
Bought by
Courrier Timothy S and Courrier Paige A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
5.77%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,250,000 | Empire Title Agency | |
| Special Warranty Deed | -- | Buntrock Harrison Gardner Pllc | |
| Warranty Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,750,000 | Seller Take Back | |
| Previous Owner | $65,000 | Unknown | |
| Previous Owner | $110,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Sold | $4,500,000 | -11.8% | $1,630 / Sq Ft |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $5,100,000 | -- | $1,848 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| 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 | $1,282 | $13,063 | -- | -- |
| 2024 | $1,293 | $12,441 | -- | -- |
| 2023 | $1,293 | $45,110 | $9,020 | $36,090 |
| 2022 | $1,266 | $34,110 | $6,820 | $27,290 |
| 2021 | $1,281 | $27,630 | $5,520 | $22,110 |
| 2020 | $1,265 | $24,630 | $4,920 | $19,710 |
| 2019 | $1,182 | $20,370 | $4,070 | $16,300 |
| 2018 | $1,134 | $17,960 | $3,590 | $14,370 |
| 2017 | $1,100 | $15,350 | $3,070 | $12,280 |
| 2016 | $1,080 | $14,530 | $2,900 | $11,630 |
| 2015 | $1,015 | $13,160 | $2,630 | $10,530 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Fowler
-
Steven Cvetanovich
Seller Co-Listing Agent in 2025
Steven Cvetanovich
Better Homes & Gardens Real Estate SJ Fowler
(480) 323-5672
1 in this area
36 Total Sales
-
N
Buyer's Agent in 2025
Non-MLS Agent
Non-MLS Office
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6858057
APN: 137-32-151
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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