Seller's Agent in 2025
George Akers
Better Homes & Gardens Real Estate SJ Fowler
(480) 390-4589
1 in this area
21 Total Sales
1146 E 2nd St Mesa, AZ 85203
Fraser Fields NeighborhoodEstimated Value: $812,833 - $847,000
Studio
8
Baths
2,000
Sq Ft
$413/Sq Ft
Est. Value
Highlights
- Cooling Available
- Carpet
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of October 2025TURNKEY, Cash-Flowing, Well Maintained, Fully Leased & Remodeled 4-plex in Prime Mesa Location near Downtown & only 3 blocks from Stapley/Main Light Rail
Station. Each large Fully Remodeled Unit has 2-bedrooms, 2-baths & 1,004 sq. ft.
Upgrades include New Luxury Vinyl Plank Flooring in the Living areas and carpeting in the bedrooms. Also New Shaker Cabinets, Appliances, New Interior Trim, Doors & Interior Paint. Complete Roof
Replacement in 2021, Newer Entry Deck Surfacing for 2nd floor Units C & D, New
Composition Mansard Roof Walls, and New Masonry Block Privacy Fencing. First floor units have Private Yards & Covered Patios. HVAC Units and Water Heaters are Newer With over $150k Invested in improvements. No HOA. **Please Do Not Disturb Tenants - Drive By Only!** Each Unit has One Covered Parking Space plus a 2nd uncovered Space and a Storage Unit. Units are Currently Rented at Market Rate with Strong Tenant Occupancy. Upstairs Units Lease for $1,400/month & Downstairs Units for $1,495/month, Producing a Gross Monthly Income of $5,790 ($69,480 Annually) plus laundry room income and a 7.14 Cap Rate. The On-site Laundry is not only convenient but produces additional revenue annually of $1280.
Truly an Excellent Investment with Updated Units, Stable Rents, and a Prime Location near Mesa's Growing Downtown Corridor. and Great for Seasoned or New investors **PLEASE DO NOT DISTURB OCCUPANTS**
Last Agent to Sell the Property
Better Homes & Gardens Real Estate SJ Fowler License #SA533875000 Listed on: 09/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,542
Year Built
- Built in 1973
Home Design
- Built-Up Roof
- Foam Roof
- Block Exterior
- Siding
Flooring
- Carpet
- Vinyl
Parking
- 8 Parking Spaces
- 4 Covered Spaces
- Over 1 Space Per Unit
Schools
- Edison Elementary School
- Kino Junior High School
- Westwood High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 31
- Assessor Parcel Number 138-20-102
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- Suburban Gardens 2 Subdivision
Building Details
- Operating Expense $11,830
- Gross Income $70,760
- Net Operating Income $58,930
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2025
Closed on
Oct 21, 2025
Sold by
Sturtz Daniel R and Sturtz Linda J
Bought by
Phillips Molly Oconnor and Phillips Logan
Seller's Agent
George Akers
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Karin Telles
HomeSmart
List Price
$825,000
Sold Price
$825,000
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208
Avg. Annual Appreciation
0.05%
Original Mortgage
$759,000
Outstanding Balance
$759,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$66,208
Purchase Details
Closed on
Jun 3, 2011
Sold by
Foreclosure Assistance Company Llc
Bought by
Sturtz Daniel R and Sturtz Linda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.73%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 22, 2010
Sold by
Rydel Kathleen M
Bought by
Foreclosure Assistance Company Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,100
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 7, 2006
Sold by
Ugalde Mario Anthony and Ugalde Marcia Susan
Bought by
Ridel Maragart and Ridel Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,980
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 23, 2006
Sold by
Rydel David
Bought by
Rydel Kathleen M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,980
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 29, 2005
Sold by
Hillard C Dale and Hillard Virginia A
Bought by
Ugalde Mario Anthony and Ugalde Marcia Susan
Purchase Details
Closed on
Jun 30, 2005
Sold by
Ugalde Mario and Ugalde Marcia
Bought by
Ugalde Mario Anthony and Ugalde Marcia Susan
Purchase Details
Closed on
Sep 19, 2004
Sold by
Le Grande Investments Llc
Bought by
Ugalde Mario A and Ugalde Marcia S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 28, 2003
Sold by
Legrande Investments Llc
Bought by
Hillard C Dale and Hillard Virginia A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 18, 2001
Sold by
Hillard C Dale and Hillard Virginia
Bought by
Legrande Investments Llc
Purchase Details
Closed on
Apr 30, 2001
Sold by
Hillard C D and Hillard Virginia A
Bought by
Legrande Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.92%
Purchase Details
Closed on
May 2, 2000
Sold by
Hillard C Dale and Hillard Virginia A
Bought by
Legrande Investments Llc
Purchase Details
Closed on
Jun 15, 1999
Sold by
Cressman Milford Dugold and Cressman Rozelle Noulis
Bought by
Hillard C Dale and Hillard Virginia A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 9, 1998
Sold by
Cressman Rozelle Noulis and Noulis Rozelle L
Bought by
Cressman Milford Dugold and Cressman Rozelle Noulis
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phillips Molly Oconnor | $825,000 | Chicago Title Agency | |
| Sturtz Daniel R | $165,000 | American Title Service Agenc | |
| Foreclosure Assistance Company Llc | $103,100 | None Available | |
| Ridel Maragart | $354,900 | Capital Title Agency Inc | |
| Rydel Kathleen M | -- | Capital Title Agency Inc | |
| Ugalde Mario Anthony | -- | Ticor Title Agency Of Az Inc | |
| Ugalde Mario Anthony | -- | -- | |
| Ugalde Mario A | $320,000 | Ticor Title Agency Of Az Inc | |
| Hillard C Dale | -- | Stewart Title & Tr Phoenix | |
| Legrande Investments Llc | -- | Stewart Title & Trust | |
| Hillard C Dale | -- | -- | |
| Legrande Investments Llc | -- | Stewart Title & Trust | |
| Hillard C D | -- | Stewart Title & Trust | |
| Legrande Investments Llc | -- | -- | |
| Hillard C Dale | $155,000 | Stewart Title & Trust | |
| Cressman Milford Dugold | -- | -- | |
| Cressman Milford Dugold | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phillips Molly Oconnor | $759,000 | |
| Previous Owner | Sturtz Daniel R | $117,000 | |
| Previous Owner | Foreclosure Assistance Company Llc | $115,100 | |
| Previous Owner | Ridel Maragart | $70,980 | |
| Previous Owner | Rydel Kathleen M | $248,430 | |
| Previous Owner | Ugalde Mario A | $192,000 | |
| Previous Owner | Hillard C Dale | $206,000 | |
| Previous Owner | Hillard C D | $164,500 | |
| Previous Owner | Hillard C Dale | $139,500 | |
| Closed | Ugalde Mario A | $96,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/23/2025 10/23/25 | Sold | $825,000 | 0.0% | $413 / Sq Ft |
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 09/20/2025 09/20/25 | For Sale | $825,000 | -- | $413 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,549 | $15,706 | -- | -- |
| 2024 | $1,554 | $14,958 | -- | -- |
| 2023 | $1,554 | $57,620 | $11,520 | $46,100 |
| 2022 | $1,522 | $43,530 | $8,700 | $34,830 |
| 2021 | $1,541 | $34,500 | $6,900 | $27,600 |
| 2020 | $1,521 | $30,870 | $6,170 | $24,700 |
| 2019 | $1,421 | $26,820 | $5,360 | $21,460 |
| 2018 | $1,364 | $21,860 | $4,370 | $17,490 |
| 2017 | $1,323 | $20,580 | $4,110 | $16,470 |
| 2016 | $1,298 | $19,380 | $3,870 | $15,510 |
| 2015 | $1,220 | $17,630 | $3,520 | $14,110 |
Source: Public Records
Agents Affiliated with this Home
-
George Akers
-
Karin Telles
Buyer's Agent in 2025
Karin Telles
HomeSmart
(480) 459-9825
1 in this area
57 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6922706
APN: 138-20-102
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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