1138 E 2nd St Mesa, AZ 85203
Fraser Fields NeighborhoodEstimated payment $4,298/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. New roof with 5yr warranty. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!
Listing Agent
Professional Real Estate Negotiators License #BR563643000 Listed on: 05/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,543
Year Built
- Built in 1973
Home Design
- Wood Frame Construction
- Shake Roof
- Built-Up Roof
- Foam Roof
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- Carport
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tax Lot 32
- Assessor Parcel Number 138-20-103
Community Details
Overview
- 4 Units
- Building Dimensions are 6897
- Suburban Gardens 2 Subdivision
Building Details
- Operating Expense $1,543
- Gross Income $55,740
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,543 | $15,724 | -- | -- |
| 2024 | $1,556 | $14,975 | -- | -- |
| 2023 | $1,556 | $57,670 | $11,530 | $46,140 |
| 2022 | $1,524 | $43,570 | $8,710 | $34,860 |
| 2021 | $1,542 | $34,530 | $6,900 | $27,630 |
| 2020 | $1,522 | $30,900 | $6,180 | $24,720 |
| 2019 | $1,422 | $26,850 | $5,370 | $21,480 |
| 2018 | $1,365 | $21,870 | $4,370 | $17,500 |
| 2017 | $1,325 | $20,600 | $4,120 | $16,480 |
| 2016 | $1,300 | $19,400 | $3,880 | $15,520 |
| 2015 | $1,222 | $17,650 | $3,530 | $14,120 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2025 08/03/25 | Price Changed | $755,000 | -2.6% | -- |
| 05/05/2025 05/05/25 | For Sale | $775,000 | +124.6% | -- |
| 07/07/2017 07/07/17 | Sold | $345,000 | 0.0% | $86 / Sq Ft |
| 07/07/2017 07/07/17 | Off Market | $345,000 | -- | -- |
| 07/06/2017 07/06/17 | For Sale | $339,000 | 0.0% | $84 / Sq Ft |
| 07/06/2017 07/06/17 | Price Changed | $339,000 | 0.0% | $84 / Sq Ft |
| 05/26/2017 05/26/17 | Pending | -- | -- | -- |
| 05/24/2017 05/24/17 | For Sale | $339,000 | 0.0% | $84 / Sq Ft |
| 05/24/2017 05/24/17 | Price Changed | $339,000 | -2.9% | $84 / Sq Ft |
| 05/11/2017 05/11/17 | Pending | -- | -- | -- |
| 04/05/2017 04/05/17 | For Sale | $349,000 | -- | $87 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First Arizona Title Agency L | |
| Warranty Deed | $345,000 | First Arizona Title Agency L | |
| Cash Sale Deed | $125,900 | First American Title Ins Co | |
| Trustee Deed | $171,000 | First American Title | |
| Warranty Deed | $370,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $320,000 | Ticor Title Agency Of Az Inc | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | Stewart Title & Trust | |
| Quit Claim Deed | -- | Stewart Title & Trust | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $155,000 | Stewart Title & Trust |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $333,200 | New Conventional | |
| Closed | $338,751 | FHA | |
| Previous Owner | $65,000 | New Conventional | |
| Previous Owner | $292,000 | Negative Amortization | |
| Previous Owner | $192,000 | New Conventional | |
| Previous Owner | $202,500 | Unknown | |
| Previous Owner | $164,500 | No Value Available | |
| Previous Owner | $139,500 | New Conventional | |
| Closed | $96,000 | No Value Available | |
| Closed | $36,500 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6861620
APN: 138-20-103
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
- 1058 E 2nd St
- 1311 E 2nd Place
- 113 N Miller St
- 1407 E 1st St
- 520 N Stapley Dr Unit 285
- 520 N Stapley Dr Unit 134
- 520 N Stapley Dr Unit 265
- 520 N Stapley Dr Unit 256
- 520 N Stapley Dr Unit 257
- 520 N Stapley Dr Unit 253
- 520 N Stapley Dr Unit 286
- 955 E Main St
- 162 N Hunt Dr W
- 440 N Fraser Dr
- 1402 E Dana Ave
- 1235 E Dover St
- 323 N Hunt Dr E
- 211 S Doran
- 1550 E University Dr Unit L1,2,3
- 707 E University Dr
- 1146 E 2nd St Unit D
- 1107 E University Dr Unit 307
- 1107 E University Dr Unit 207
- 1107 E University Dr
- 1255 E University Dr
- 520 N Stapley Dr Unit 290
- 550 N Spencer
- 126 S Matlock St
- 208 S Doran Unit 214
- 1434 E Dana Ave
- 231 N Harris Dr
- 461 N Kirchoff
- 1644 E 1st St
- 432 S 32nd St Unit 119
- 432 S 32nd St Unit 124
- 432 S 32nd St Unit 123
- 432 S 32nd St Unit 112
- 320 S Allen Unit 322
- 600 E University Dr
- 809 E 7th St