NOT LISTED FOR SALE

151 N Hibbert Mesa, AZ 85201

Downtown Mesa Neighborhood
20 Beds
-- Bath
650 Sq Ft
1963 Built

Last Sold February 21, 2014

Last sale price $575,000 $885 Per Sq Ft

106 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Franklin at Brimhall Elementary School Rated A
  • Window Unit Heating System

About This Home

As of February 2014

Great Rehabbed 2 Story Block 20 Unit Apartment Complex in up and Coming Downtown Mesa.
Great investment easy to Manage. Close to Library, City Center, Coming Light Rail, Resturants, Art Center, Parks, Colleges. Easy care small 1-bedroom units.
Great Rental History,
100% occupancy. Would make great student housing!! Please note all financial info has been provided by owner and is calculated using scheduled rental income. Laundry equipment is on lease and income is not included. Buyer to conduct all inspections (including financial) during inspection period. Please do not disturb tenants, drive by only. Note Electric, Water, Sewer, Trash are all paid on one bill to COM.

Last Agent to Sell the Property

Neal Yukolis

My Home Group Real Estate License #SA627357000 Listed on: 10/24/2013

My Home Group Real Estate

Last Buyer's Agent

Jennifer Frient

Realty ONE Group License #SA561997000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,069

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Built-Up Roof
  • Block Exterior

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 138-63-011

Community Details

Overview

  • 20 Units
  • Building Dimensions are 15000
  • Wilbur Sub Subdivision

Building Details

  • Operating Expense $38,189
  • Gross Income $102,600
  • Net Operating Income $69,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,069

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Main and Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2013
  • Road Surface Type: Dedicated Street
  • Subdivision Name: Wilbur Sub
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: City Electric, Master Meter
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Electric Master Meter: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 28200.0

Lot Info

  • Lot Size: 15000
  • Additional Parcels: Yes
  • Parcel #: 138-63-011

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 20
  • Annual Gross Income: 102600.0
  • Insurance Expense: 1920.0
  • Maintenance Expense: 6000.0
  • Property Net Operating Income: 69800.0
  • Annual Operating Expense: 38189.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2069.0
  • Tax Book Number: 138.00
  • Tax Lot: 10
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2014 02/21/14 Sold $575,000 -23.2% $885 / Sq Ft
02/07/2014 02/07/14 Pending -- -- --
10/24/2013 10/24/13 For Sale $749,000 -- $1,152 / 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 $3,259 $30,470 -- --
2024 $3,268 $29,019 -- --
2023 $3,268 $142,000 $15,770 $126,230
2022 $3,205 $92,470 $10,270 $82,200
2021 $3,129 $89,750 $9,970 $79,780
2020 $3,090 $81,120 $9,010 $72,110
2019 $2,896 $68,150 $7,570 $60,580
2018 $2,785 $64,780 $7,190 $57,590
2017 $2,706 $56,820 $6,310 $50,510
2016 $2,649 $37,800 $4,200 $33,600
2015 $2,503 $36,180 $4,020 $32,160
Source: Public Records

Agents Affiliated with this Home

  • Neal Yukolis

    Seller's Agent in 2014

    Neal Yukolis

    My Home Group Real Estate

    (480) 215-0292

    2 Total Sales

    Neal Yukolis
    Section Image

  • J

    Buyer's Agent in 2014

    Jennifer Frient

    Realty One Group

    (623) 693-6509

    Jennifer Frient
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5019932

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85201 Downtown Mesa

151 N Hibbert, Mesa, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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