NOT LISTED FOR SALE

1745 E Broadway Rd Mesa, AZ 85204

Reed Park Neighborhood

Estimated Value: $714,439 - $823,000

4 Beds
-- Bath
3,516 Sq Ft
$219/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $720,000 $205 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,176/month

236 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2023

Great Income Property in Mesa! Look no further! Come see this adorable four-plex property in Mesa! Great opportunity for an investor

4-unit property consists of (4) two bedroom one bathroom units. Each unit is individually metered with individual water heaters with NO HOA.

All units rented on a month to month basis and Individual covered spaces. Residents enjoy close proximity to Downtown Mesa & Metro Light Rail Station.

Exterior recently painted and new windows throughout.

Last Agent to Sell the Property

Sandra De La Rosa

My Home Group Real Estate License #SA553258000 Listed on: 10/04/2022

My Home Group Real Estate

Last Buyer's Agent

carlton prophet

American Realty Brokers License #SA569143000

American Realty Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,373

Year Built

  • Built in 1962

Lot Details

  • 9,670

Home Design

  • Brick Exterior Construction
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Longfellow Elementary School
  • Poston Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 27
  • Assessor Parcel Number 139-54-027

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9490
  • Park Mesa Subdivision

Building Details

  • Operating Expense $1,373
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,373

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: Stapley Dr & Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: PARK MESA
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Painted, Block, Brick
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Fee, <1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Parking Fee: Yes

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 9490
  • Additional Parcels: No
  • Parcel #: 139-54-027

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 52800.0
  • Annual Operating Expense: 1373.0

Tax Info

  • Tax Annual Amount: 1373.0
  • Tax Book Number: 139.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
Rudolph Kenneth
Bought by
Kenneth Rudolph Sr Living Trust and Rudolph
Current Estimated Value
$768,610

Purchase Details

Listed on
Oct 4, 2022
Closed on
Jul 28, 2023
Sold by
Gomez Property Rentals 2 Llc
Bought by
Rudolph Kenneth
Seller's Agent
Sandra De La Rosa
My Home Group Real Estate
Buyer's Agent
carlton prophet
American Realty Brokers
List Price
$780,000
Sold Price
$720,000
Premium/Discount to List
-$60,000
-7.69%
Views
332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Original Mortgage
$683,093
Interest Rate
6.69%
Mortgage Type
VA

Purchase Details

Closed on
Aug 4, 2022
Sold by
Gomez Sebastian
Bought by
Gomez Property Rentals 2 Llc

Purchase Details

Closed on
Dec 5, 2020
Sold by
Ramirez Irene Gomez
Bought by
Gomez Sebastian and Velasco Ignacia E

Purchase Details

Closed on
Nov 1, 2015
Sold by
Gomez Sebastian and Velasco Ignacia E Ramirez
Bought by
Ramirez Irene Gomez

Purchase Details

Closed on
Nov 19, 2013
Sold by
Ramirez Velasco Ignacia E
Bought by
Gomez Sebastian and Velasco Ignacia E Ramirez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,700
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2007
Sold by
Gomez Sebastian and Velasco Ignacia Ramirez
Bought by
Gomez Property Rentals #2 Llc

Purchase Details

Closed on
Sep 20, 2001
Sold by
Biggs Samuel J B and Biggs Sheila R
Bought by
Gomez Sebastian and Ramirez Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 1998
Sold by
Crandall James M
Bought by
Biggs Samuel Jb and Biggs Sheila R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,200
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 1997
Sold by
Cadena Angel and Cadena Carol
Bought by
Crandell James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kenneth Rudolph Sr Living Trust -- None Listed On Document
Rudolph Kenneth $720,000 Security Title Agency
Gomez Property Rentals 2 Llc -- Security Title Agency
Gomez Property Rentals 2 Llc -- None Listed On Document
Gomez Sebastian -- None Available
Ramirez Irene Gomez -- None Available
Gomez Sebastian -- Grand Canyon Title Agency In
Gomez Property Rentals #2 Llc -- None Available
Gomez Sebastian $175,500 Security Title Agency
Biggs Samuel Jb $124,743 Transnation Title Ins Co
Crandell James M $90,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rudolph Kenneth $683,093
Previous Owner Gomez Sebastian $116,700
Previous Owner Gomez Sebastian $140,400
Previous Owner Biggs Samuel Jb $112,200
Previous Owner Crandell James M $81,000
Closed Gomez Sebastian $35,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $720,000 -7.7% $205 / Sq Ft
07/11/2023 07/11/23 Price Changed $780,000 0.0% $222 / Sq Ft
07/11/2023 07/11/23 For Sale $780,000 0.0% $222 / Sq Ft
07/03/2023 07/03/23 Price Changed $780,000 0.0% $222 / Sq Ft
07/03/2023 07/03/23 For Sale $780,000 0.0% $222 / Sq Ft
06/22/2023 06/22/23 Price Changed $780,000 0.0% $222 / Sq Ft
06/22/2023 06/22/23 For Sale $780,000 0.0% $222 / Sq Ft
01/20/2023 01/20/23 Price Changed $780,000 -2.5% $222 / Sq Ft
09/29/2022 09/29/22 For Sale $800,000 -- $228 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $1,398 $14,166 -- --
2024 $1,402 $13,491 -- --
2023 $1,402 $49,680 $9,930 $39,750
2022 $1,373 $32,760 $6,550 $26,210
2021 $1,390 $26,630 $5,320 $21,310
2020 $1,371 $24,400 $4,880 $19,520
2019 $1,281 $20,570 $4,110 $16,460
2018 $1,230 $18,470 $3,690 $14,780
2017 $1,193 $16,420 $3,280 $13,140
2016 $1,171 $14,460 $2,890 $11,570
2015 $1,101 $14,070 $2,810 $11,260
Source: Public Records

Agents Affiliated with this Home

  • Sandra De La Rosa

    Seller's Agent in 2023

    Sandra De La Rosa

    My Home Group

    (480) 375-0016

    3 in this area

    83 Total Sales

    Sandra De La Rosa
    Section Image

  • c

    Buyer's Agent in 2023

    carlton prophet

    American Realty Brokers

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6472619

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-54-027

Arizona Maricopa County Mesa 85204 Reed Park

1745 E Broadway Rd, Mesa, AZ

Not Listed for Sale

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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