$750,000

Estimated payment $4,279/month

Total Views 1,683
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

Turn-key investment opportunity! This fully renovated 4-unit property (2 duplexes on 2 parcels) features spacious 1-bed/1-bath units with open floor plans, premium finishes, and HUGE private patios. Each unit includes quartz countertops, stainless steel appliances, shaker cabinets, modern flooring, and updated HVAC, roofs, windows, plumbing, and electrical. Sitting on a large 16,089 SF lot with ample parking, just 1/4 mile from Mesa Light Rail. All units currently rented with property management in place. Drive by only. Do not disturb tenants.

Listing Agent

Soroosh Ghafaripanah

AZ Dream Homes License #SA656081000 Listed on: 05/01/2025

AZ Dream Homes

Co-Listing Agent

Thomas Espinosa

AZ Dream Homes License #SA647984000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,194

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking

Schools

  • Longfellow Elementary School
  • Poston Junior High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 138-14-007-C

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 133.81 x 122.44
  • Hibbert Allen Acres Lots 1 4 Subdivision

Building Details

  • Operating Expense $11,756
  • Gross Income $59,547
  • Net Operating Income $47,791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,194

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Main St & Stapley Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2024
  • Directions: From Main St, South on Stapley, East on Dana Ave, South on Doran. On the east side of the street.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: azdh001
  • Co List Office Phone: 602-549-6295
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 1-4
  • Tax Parcel Letter: C
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Free-Standing Range, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Longfellow Elementary School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 133.81 x 122.44
  • Additional Parcels: Yes
  • Parcel #: 138-14-007-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 59547.0
  • Property Net Operating Income: 47791.0
  • Annual Operating Expense: 11756.0

Tax Info

  • Tax Annual Amount: 1194.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Map

Range of Values:

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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 $1,194 $12,165 -- --
2024 $1,204 $11,586 -- --
2023 $1,204 $40,220 $4,500 $35,720
2022 $1,179 $28,400 $3,170 $25,230
2021 $1,193 $23,610 $2,640 $20,970
2020 $1,178 $21,060 $2,350 $18,710
2019 $1,100 $16,660 $1,860 $14,800
2018 $1,056 $13,820 $1,540 $12,280
2017 $1,025 $14,180 $1,580 $12,600
2016 $1,006 $13,530 $1,510 $12,020
2015 $945 $11,850 $1,320 $10,530
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $750,000 +50.0% --
08/21/2019 08/21/19 Sold $499,900 0.0% $700 / Sq Ft
06/20/2019 06/20/19 For Sale $499,900 -- $700 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,900 Chicago Title Agency
Cash Sale Deed $37,500 Security Title Agency
Warranty Deed $129,900 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $843,870 Construction
Previous Owner $255,000 Unknown
Previous Owner $185,500 Unknown
Previous Owner $9,472 FHA
Previous Owner $129,036 FHA
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6863324

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-007C