$499,900
SOLD AUG 21, 2019
-- Bed
-- Bath
714 Sq Ft
1970 Built

Recently Sold

$700 Per Sq Ft

39 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling Available
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2019

This renovated asset features two brick buildings with HUGE private patios. All four units are rented at $895/mo. These buildings were completely renovated in 2019 opening up the floorplan then finished with premium finishes. Renovation for ALL units include NEW roofs, HVAC systems, electrical panels, hot water tanks, energy efficient dual pane windows, front doors plus security doors, stainless steel appliances, white shaker cabinets, quartz countertops, wood-look floors, bathtubs, tile surround, ceiling fans, lighting interior & exterior, plumbing fixtures & more! Property sits on a large 16,089 SF lot w/ plenty of space for parking & unlike anything in the area. Great central Mesa location just over 1/4 mile from Mesa Light Rail. Turn key investment w/property management in place.

Last Agent to Sell the Property

Joshua Roubal

Dwellings Realty Group License #SA555438000 Listed on: 06/21/2019

Co-Listed By

Steven Rundle

Dwellings Realty Group License #BR536790000

Last Buyer's Agent

Frankie Mae Rojas

W and Partners, LLC License #SA666142000

W and Partners, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1970

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking
  • RV or Boat Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • 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 8 20 Subdivision

Building Details

  • Operating Expense $10,663
  • Gross Income $42,960
  • Net Operating Income $32,297

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,056

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: 2018
  • 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)
  • Professional Management Expense: 3007.0
  • Co List Office Mls Id: dllg01
  • Co List Office Phone: 480-629-8136
  • Subdivision Name: HIBBERT-ALLEN ACRES LOTS 8-20
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, RV/Boat Parking, 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
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

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

Association/Amenities

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

Fee Information

  • Annual Water Sewer Expense: 4200.0

Schools

  • Elementary School: Longfellow Elementary School
  • High School: Mesa High School
  • Junior High Dist: Coolidge 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: Other, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 42960.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 32297.0
  • Annual Operating Expense: 10663.0

Tax Info

  • Tax Annual Amount: 1056.0
  • Tax Book Number: 138.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2019
Closed on
Aug 14, 2019
Sold by
Invesource Llc
Bought by
Sabio Assets Llc
Seller's Agent
Joshua Roubal
Dwellings Realty Group
Buyer's Agent
Frankie Mae Rojas
W and Partners, LLC
List Price
$499,900
Sold Price
$499,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Jun 6, 2011
Sold by
Howe Anthony D
Bought by
Lemmermann Brian and Lemmermann Amy

Purchase Details

Closed on
Apr 13, 2000
Sold by
George Donald J
Bought by
Howe Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,036
Interest Rate
8.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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 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

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 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)

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 $1,194 $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

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5942570

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-14-007C