NOT LISTED FOR SALE

Estimated Value: $374,000 - $416,000

11 Beds
-- Bath
1,250 Sq Ft
$311/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2023

Last sale price $1,900,000 $1,520 Per Sq Ft

Current estimated payment $2,146 / mo

27 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Franklin at Brimhall Elementary School Rated A
  • Landscaped
  • 3-minute walk to Stapley Park

About This Home

As of February 2023

Check out this location! 11 Units: 4 Duplexes and a Triplex which are comprised of 6- 1-bedroom and 5- 2-bedroom units in the Temple District all on irrigated lots. This property is located within the Opportunity Zone. Each unit has a covered parking spot. There is a separate laundry room located in the large shared community backyard. All water heaters were recently replaced. Tenants pay for electric and gas. Rents are below market and units are in high demand. Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Sheresa Pompay-Tranor

Delex Realty License #SA628807000 Listed on: 10/14/2022

Delex Realty

Last Buyer's Agent

Will Fortenberry

Simply Real Estate License #SA685908000

Simply Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1953

Lot Details

  • Partially Fenced Property
  • Landscaped
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 22 Parking Spaces
  • Carport
  • On-Street Parking

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 138-30-015

Community Details

Overview

  • 6 Buildings
  • 11 Units
  • Building Dimensions are irr
  • Butler Tract Subdivision

Building Details

  • Operating Expense $35,742
  • Gross Income $162,084
  • Net Operating Income $126,342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Year Built

Built in 1953

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Main & Mesa Dr
  • Property Type: Multiple Dwellings
  • Zoning: DR-2
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3729.0
  • Subdivision Name: BUTLER TRACT
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Heat Pump
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: City Electric, Individual Meter
  • Special:Special: Economic Redevelopment Zone
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Interior Features:Interior Features: Unfurnished

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Green Landscaping, Partially Fenced, Cable TV Available

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Carport, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 22.0
  • Parking Features:Parking Features: Carport, On Street, >1 Space Per Unit

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise, Irrigation
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 924.0
  • Annual Water Sewer Expense: 10334.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 138-30-015

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • Number Of Units Total: 11
  • Electric Expense: 500.0
  • Annual Gross Income: 162084.25
  • Insurance Expense: 3400.0
  • Maintenance Expense: 7000.0
  • Property Net Operating Income: 126342.0
  • Annual Operating Expense: 35742.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2615.0
  • Tax Book Number: 138.0
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
Bought by
Current Estimated Value
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,389,000
Outstanding Balance
$1,159,083
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$770,083

Purchase Details

Listed on
Oct 14, 2022
Closed on
Feb 10, 2023
Sold by
Bought by
Seller's Agent
Sheresa Pompay-Tranor
Delex Realty
Buyer's Agent
Will Fortenberry
Simply Real Estate
List Price
$2,100,000
Sold Price
$1,900,000
Premium/Discount to List
-$200,000
-9.52%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-37.28%
Original Mortgage
$1,330,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 12, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 1, 2014
Closed on
Dec 19, 2014
Sold by
Bought by
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Paul Stetka
HomeSmart
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.10%
Original Mortgage
$120,272
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2014
Closed on
Dec 9, 2014
Sold by
Bought by
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Paul Stetka
HomeSmart
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,272
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Novare National Settlement Ser
$1,900,000 Millennium Title Company
-- Great American Ttl Agcy Inc
-- Great American Title
-- Great American Title
$171,818 Stewart Title & Trust Of Pho
-- Stewart Title & Trust Of Pho
-- Lsi Title Company
-- First American Title Ins Co
-- --
$158,587 Capital Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,389,000
Previous Owner $1,330,000
Previous Owner $552,500
Previous Owner $552,500
Previous Owner $120,272
Previous Owner $175,000
Previous Owner $141,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2023 02/08/23 Sold $1,900,000 -9.5% $1,520 / Sq Ft
01/12/2023 01/12/23 For Sale $2,100,000 0.0% $1,680 / Sq Ft
01/12/2023 01/12/23 Price Changed $2,100,000 0.0% $1,680 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $2,100,000 +233.3% $1,680 / Sq Ft
12/22/2014 12/22/14 Sold $630,000 -3.1% $504 / Sq Ft View Prior Sale
11/06/2014 11/06/14 Pending -- -- --
10/01/2014 10/01/14 For Sale $650,000 -- $520 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $678 $6,873 -- --
2024 $680 $6,545 -- --
2023 $680 $25,610 $4,700 $20,910
2022 $666 $18,250 $3,350 $14,900
2021 $674 $15,140 $2,780 $12,360
2020 $665 $14,050 $2,580 $11,470
2019 $622 $12,430 $2,280 $10,150
2018 $597 $11,290 $2,070 $9,220
2017 $579 $8,740 $1,600 $7,140
2016 $568 $8,500 $1,560 $6,940
2015 $534 $7,570 $1,390 $6,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6477139

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-30-015

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