$1,999,000
$191K PRICE DROP

Estimated payment $10,656/month

Total Views 12,966
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A

About This Home

Rare investment opportunity to own 3 duplexes and 2 single-family homes near Downtown Mesa. All single-story slump block construction, individually metered for electricity and gas. All 3 duplexes consist of 2 bedroom, 1 bath units w/ private front/back yards, washer/dryer hookups. Each of the 2 houses have 3 bedrooms, 2 bath layouts w/attached garage, private front and back yards. Sale includes two parcels 138-09-060E and 138-09-059A (one single-family home on its own parcel). Substantial upgrades made in recent years: 5 of the 6 duplex units have new A/Cs, both of the single family homes have new A/Cs all w/transferrable warranties. 5 of the 6 duplexes have new water heaters. Both single-family homes have new water heaters. Both single-family homes have new roofs w/transferable warranty.

Listing Agent

Gladys Contreras

HomeSmart License #SA649499000 Listed on: 08/11/2024

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1966

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 12 Parking Spaces
  • Carport
  • Free Parking
  • On-Street Parking

Schools

  • Mesa Academy For Advanced Studies Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Central Heating and Cooling System
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tax Lot 138-09-060E
  • Assessor Parcel Number 138-09-060-E

Community Details

Overview

  • 5 Buildings
  • 8 Units
  • Building Dimensions are 31822
  • La Zona Acres Lots 1 Thru 14 26 Thru 29 32 Thru 37 Tracts A & B Subdivision

Building Details

  • Operating Expense $12,957
  • Gross Income $105,500
  • Net Operating Income $94,506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,063

Year Built

Built in 1966

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Main St & Stapley
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: LA ZONA ACRES LOTS 1 THRU 14 26 THRU 29 32 THRU 37 TRACTS A & B
  • Garage Yn: Yes
  • Tax Parcel Letter: E
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Free, <1 Space Per Unit, On Street, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Ceiling: Yes
  • Heating:Central: 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
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 6761.0

Schools

  • Elementary School: Mesa Academy For Advanced Studies
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 31822
  • Additional Parcels: Yes
  • Parcel #: 138-09-060-E

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 8
  • Annual Gross Income: 105500.0
  • Insurance Expense: 3133.0
  • Property Net Operating Income: 94506.0
  • Annual Operating Expense: 12956.7

Tax Info

  • Tax Annual Amount: 3062.7
  • Tax Book Number: 138.00
  • Tax Lot: 138-09-060E

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,053 $30,949 -- --
2024 $3,063 $29,475 -- --
2023 $3,063 $82,940 $13,460 $69,480
2022 $2,999 $58,630 $9,520 $49,110
2021 $3,036 $47,880 $7,770 $40,110
2020 $2,996 $43,090 $6,990 $36,100
2019 $2,800 $38,140 $6,190 $31,950
2018 $2,687 $35,130 $5,700 $29,430
2017 $2,607 $27,950 $4,530 $23,420
2016 $2,558 $26,250 $4,260 $21,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Price Changed $1,999,000 -8.7% --
08/11/2024 08/11/24 For Sale $2,190,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6742547

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-09-059A

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