$485,000
$12K PRICE INCREASE

Estimated payment $2,672/month

Total Views 956
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

Rare opportunity for investors or owner-occupants seeking a well-maintained property with stable rental income and strong future potential. Featuring 2,470sf, total livable space with two large units—3-bedroom, 2-bath and a 2-bedroom, 1-bath & ideal location near the Mesa-Tempe border. Brand new kitchen with all new appliances, stove, fridge, & dishwasher. Long-term tenants in place, this turn-key investment balances immediate cash flow with long-term value growth. The larger unit was updated: 2018, kitchen & bathrooms, HVAC 2025, & has washer/dryer. Both units also enjoy a private backyard with block fencing & separate storage. Mesa's rental market continues to thrive, with steady population growth, a strong job base, and proximity to higher education institutions.

Listing Agent

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000 Listed on: 08/25/2025

Better Homes & Gardens Real Estate SJ Fowler

Co-Listing Agent

Lynne Rivera

Better Homes & Gardens Real Estate SJ Fowler License #SA671102000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,194

Year Built

  • Built in 1973

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • Emerson Elementary School
  • Carson Junior High Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number 135-49-096

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6959
  • Mesa Verde Unit 2 Subdivision

Building Details

  • Operating Expense $9,288
  • Gross Income $34,011
  • Net Operating Income $26,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,194

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Alma School & University
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2024
  • Professional Management Expense: 2475.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: MESA VERDE UNIT 2
  • Cooling:Ceiling Fan(s): Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Slump Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1875.0

Schools

  • Elementary School: Emerson Elementary School
  • High School: Westwood High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Carson Junior High School

Lot Info

  • Lot Size: 6959
  • Additional Parcels: No
  • Parcel #: 135-49-096

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 34010.9
  • Insurance Expense: 1830.0
  • Maintenance Expense: 949.0
  • Property Net Operating Income: 26692.0
  • Annual Operating Expense: 9288.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1194.0
  • Tax Book Number: 135.00
  • Tax Lot: 71

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 $12,169 -- --
2024 $1,204 $11,589 -- --
2023 $1,204 $37,070 $7,410 $29,660
2022 $1,089 $28,500 $5,700 $22,800
2021 $1,110 $23,350 $4,670 $18,680
2020 $1,095 $21,150 $4,230 $16,920
2019 $1,019 $18,380 $3,670 $14,710
2018 $976 $15,180 $3,030 $12,150
2017 $946 $13,520 $2,700 $10,820
2016 $929 $12,520 $2,500 $10,020
2015 $875 $11,150 $2,230 $8,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 Price Changed $485,000 0.0% --
10/15/2025 10/15/25 For Sale $485,000 +2.5% --
09/06/2025 09/06/25 Off Market $473,000 -- --
08/25/2025 08/25/25 For Sale $473,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Cash Sale Deed $278,900 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $137,800 First American Title
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $13,780 Stand Alone Second
Previous Owner $110,240 Purchase Money Mortgage
Previous Owner $13,780 Stand Alone Second
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6909926

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-49-096