$1,700,000

Estimated payment $8,973/month

Total Views 1,789
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

5 Duplex's Single Level Near Downtown Mesa with Excess Land. 2025 Updates and Renovations. This Has Great Potential for Investor or Developer. Excess Land is in the Rear and East Side of Property. Close to Lots of Entertainment and Downtown Mesa is currently seeing significant investment due to the Light Rail extension and the 'Mesa Arts District' revitalization. There is Currently Newer Buildings Surrounding and Even Under Construction. Many Updates Include Some Air Conditioners, All Windows, Roofs Repairs or Replacement and Much More. Light Rail and Many Public Buildings Are Walking Distance. Tenant Attraction is No Issue with So Much in the Way of Activities. All Information is Approximate and Buyers to Verify to Their Satisfaction.

Listing Agent

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 01/06/2026

Better Homes & Gardens Real Estate SJ Fowler

Co-Listing Agent

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1925

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • On-Street Parking

Schools

  • Edison Elementary School
  • Kino Junior High School
  • Westwood High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Individual Controls for Heating

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 138-66-008

Community Details

Overview

  • 5 Buildings
  • 10 Units
  • Building Dimensions are ALMOST AN
  • Mesa Arizona Subdivision

Building Details

  • Operating Expense $17,864
  • Gross Income $142,008
  • Net Operating Income $112,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Cross Street: MAIN/ MESA DR
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1925
  • Tax Year: 2025
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: Mesa Arizona
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: See Remarks, Foam

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, City Electric
  • Cooling: Central Air, Window/Wall Unit, Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 6500.0

Schools

  • Elementary School: Edison Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: ALMOST AN
  • Additional Parcels: No
  • Parcel #: 138-66-008

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 10
  • Annual Gross Income: 142008.0
  • Insurance Expense: 4500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 112708.0
  • Annual Operating Expense: 17864.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2064.0
  • Tax Book Number: 138.00
  • Tax Lot: 2

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 $2,064 $20,923 -- --
2024 $2,071 $19,927 -- --
2023 $2,071 $78,430 $15,680 $62,750
2022 $2,028 $51,400 $10,280 $41,120
2021 $2,052 $44,750 $8,950 $35,800
2020 $2,026 $40,510 $8,100 $32,410
2019 $1,893 $33,730 $6,740 $26,990
2018 $1,817 $29,380 $5,870 $23,510
2017 $1,762 $28,680 $5,730 $22,950
2016 $1,730 $26,380 $5,270 $21,110
2015 $1,626 $22,970 $4,590 $18,380
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2026 01/06/26 For Sale $1,700,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,100,000 Commonwealth Land Title
Deed -- None Listed On Document
Deed -- None Listed On Document
Cash Sale Deed $203,000 First American Title
Warranty Deed $175,000 Capital Title Agency
Trustee Deed -- --
Warranty Deed -- --
Warranty Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $990,000 New Conventional
Previous Owner $117,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6964033

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-66-008