Seller's Agent in 2023
Gordon Hageman
Real Broker
(480) 498-3334
2 in this area
123 Total Sales
240 S Doran Mesa, AZ 85204
Reed Park NeighborhoodEstimated Value: $708,164 - $855,000
Studio
--
Bath
3,136
Sq Ft
$242/Sq Ft
Est. Value
Highlights
- Cooling Available
- Carpet
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of August 2023Cash Flowing 4-Plex in Mesa, Arizona - Excellent Investment Opportunity! This property presents an outstanding chance for investors seeking a lucrative income stream. With its ideal location, attractive unit configuration, and strong rental history, this 4-plex is an exceptional addition to any real estate portfolio. Property Features: Each unit offers 2 bedrooms and 1 bathroom; Tenants are responsible for electricity expenses; All units are currently occupied by long-term tenants, ensuring stable cash flow from day one; Rental rates are at or above market levels, reflecting the high demand for housing in the area. Whether you're a seasoned or a first-time investor, Don't miss out on this exceptional investment opportunity!
Last Agent to Sell the Property
Real Broker License #BR646315000 Listed on: 06/15/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,421
Year Built
- Built in 1981
Lot Details
- 10,019
Home Design
- Wood Frame Construction
- Composition Roof
- Built-Up Roof
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 10 Open Parking Spaces
- 16 Parking Spaces
- 6 Covered Spaces
- Over 1 Space Per Unit
Schools
- Longfellow Elementary School
- Poston Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 10
- Assessor Parcel Number 138-14-012-D
Community Details
Overview
- 4 Units
- Building Dimensions are 125'x80'
- Hibbert Allen Acres Lots 1 4 Subdivision
Building Details
- Operating Expense $1,421
- Gross Income $68,700
- Net Operating Income $61,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 28, 2025
Sold by
Hernandez Oscar
Bought by
420 S Doran Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,250
Outstanding Balance
$610,672
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$147,119
Purchase Details
Closed on
Nov 7, 2025
Sold by
Huynh Hana
Bought by
Hernandez Oscar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,250
Outstanding Balance
$610,672
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$147,119
Purchase Details
Listed on
Jun 15, 2023
Closed on
Aug 23, 2023
Sold by
Holloway Cole
Bought by
Huynh Hana
Seller's Agent
Gordon Hageman
Real Broker
Buyer's Agent
Arnold Bedak
Real Broker
List Price
$799,900
Sold Price
$700,000
Premium/Discount to List
-$99,900
-12.49%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$595,000
Interest Rate
6.3%
Mortgage Type
Balloon
Purchase Details
Listed on
Jun 4, 2021
Closed on
Jul 13, 2021
Sold by
240 S Doran Llc
Bought by
Holloway Cole
Seller's Agent
Daniel Shenkman
Keller Williams Realty East Valley
Buyer's Agent
Gordon Hageman
Real Broker
List Price
$600,000
Sold Price
$600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$600,000
Interest Rate
2.96%
Mortgage Type
VA
Purchase Details
Closed on
Jul 19, 2013
Sold by
Bhatia Tanjot and Mall Kaushal
Bought by
240 S Doran Llc
Purchase Details
Listed on
Apr 25, 2012
Closed on
Jun 27, 2012
Sold by
Toone Lisonbee Llc
Bought by
Bhatia Tanjot and Mall Kaushal
Seller's Agent
Jamin Denham
DenMar Realty
Buyer's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
List Price
$140,000
Sold Price
$151,000
Premium/Discount to List
$11,000
7.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.64%
Purchase Details
Closed on
Oct 28, 2011
Sold by
Toone Michael J and Toone Carol H
Bought by
Toone Lisonbee Llc
Purchase Details
Closed on
Nov 12, 2010
Sold by
Cao Anthony and Cao Anthony Hung
Bought by
Toone Michael J and Toone Carol H
Purchase Details
Closed on
Nov 30, 2005
Sold by
Hill Kyle and Hill Jessica
Bought by
Cao Anthony
Purchase Details
Closed on
Nov 14, 2005
Sold by
Cao Betty
Bought by
Cao Anthony
Purchase Details
Closed on
Sep 27, 2004
Sold by
Walls Abe and Walls Katie
Bought by
Hill Kyle and Hill Jessica
Purchase Details
Closed on
Aug 8, 2001
Sold by
Akers John B
Bought by
Walls Abe and Walls Katie M
Purchase Details
Closed on
Jan 13, 1999
Sold by
Sleezer Daniel W and Sleezer Lisa A
Bought by
Akers John B
Purchase Details
Closed on
Apr 15, 1996
Sold by
Smith Robert J and Smith Ramona G
Bought by
Sleezer Daniel W and Sleezer Lisa A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 420 S Doran Llc | -- | None Listed On Document | |
| 420 S Doran Llc | -- | None Listed On Document | |
| 420 S Doran Llc | -- | None Listed On Document | |
| Hernandez Oscar | $815,000 | Pioneer Title Agency | |
| Hernandez Oscar | $815,000 | Pioneer Title Agency | |
| Hernandez Oscar | $815,000 | Pioneer Title Agency | |
| Huynh Hana | $700,000 | Premier Title Agency | |
| Huynh Hana | $700,000 | Premier Title Agency | |
| Huynh Hana | $700,000 | Premier Title Agency | |
| Holloway Cole | $600,000 | United Title Agency | |
| Holloway Cole | $600,000 | United Title Agency | |
| Holloway Cole | $600,000 | United Title Agency | |
| 240 S Doran Llc | -- | None Available | |
| 240 S Doran Llc | -- | None Available | |
| 240 S Doran Llc | -- | None Available | |
| Bhatia Tanjot | $151,000 | Clear Title Agency Of Arizon | |
| Bhatia Tanjot | $151,000 | Clear Title Agency Of Arizon | |
| Bhatia Tanjot | $151,000 | Clear Title Agency Of Arizon | |
| Toone Lisonbee Llc | -- | None Available | |
| Toone Lisonbee Llc | -- | None Available | |
| Toone Lisonbee Llc | -- | None Available | |
| Toone Michael J | $85,000 | Great American Title Agency | |
| Toone Michael J | $85,000 | Great American Title Agency | |
| Toone Michael J | $85,000 | Great American Title Agency | |
| Cao Anthony | $300,000 | Capital Title Agency Inc | |
| Cao Anthony | $300,000 | Capital Title Agency Inc | |
| Cao Anthony | $300,000 | Capital Title Agency Inc | |
| Cao Anthony | -- | Capital Title Agency Inc | |
| Cao Anthony | -- | Capital Title Agency Inc | |
| Cao Anthony | -- | Capital Title Agency Inc | |
| Hill Kyle | $220,000 | Capital Title Agency Inc | |
| Hill Kyle | $220,000 | Capital Title Agency Inc | |
| Hill Kyle | $220,000 | Capital Title Agency Inc | |
| Walls Abe | $159,000 | Capital Title Agency Inc | |
| Walls Abe | $159,000 | Capital Title Agency Inc | |
| Walls Abe | $159,000 | Capital Title Agency Inc | |
| Akers John B | $129,900 | Ati Title Agency | |
| Akers John B | $129,900 | Ati Title Agency | |
| Akers John B | $129,900 | Ati Title Agency | |
| Sleezer Daniel W | $98,000 | Transnation Title Ins Co | |
| Sleezer Daniel W | $98,000 | Transnation Title Ins Co | |
| Sleezer Daniel W | $98,000 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hernandez Oscar | $611,250 | |
| Previous Owner | Huynh Hana | $595,000 | |
| Previous Owner | Holloway Cole | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/23/2023 08/23/23 | Sold | $700,000 | -4.8% | $223 / Sq Ft | |
| 07/12/2023 07/12/23 | Price Changed | $735,000 | -5.2% | $234 / Sq Ft | |
| 07/06/2023 07/06/23 | Price Changed | $775,000 | -3.1% | $247 / Sq Ft | |
| 06/15/2023 06/15/23 | For Sale | $799,900 | +33.3% | $255 / Sq Ft | |
| 07/23/2021 07/23/21 | Sold | $600,000 | 0.0% | $191 / Sq Ft | View Prior Sale |
| 07/22/2021 07/22/21 | For Sale | $600,000 | 0.0% | $191 / Sq Ft | |
| 06/09/2021 06/09/21 | Pending | -- | -- | -- | |
| 06/04/2021 06/04/21 | For Sale | $600,000 | +297.4% | $191 / Sq Ft | |
| 06/22/2012 06/22/12 | Sold | $151,000 | +7.9% | $166 / Sq Ft | View Prior Sale |
| 05/04/2012 05/04/12 | Pending | -- | -- | -- | |
| 04/25/2012 04/25/12 | For Sale | $140,000 | -- | $154 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,447 | $14,666 | -- | -- |
| 2024 | $1,451 | $13,968 | -- | -- |
| 2023 | $1,451 | $52,310 | $10,460 | $41,850 |
| 2022 | $1,421 | $36,130 | $7,220 | $28,910 |
| 2021 | $1,439 | $29,010 | $5,800 | $23,210 |
| 2020 | $1,420 | $25,860 | $5,170 | $20,690 |
| 2019 | $1,327 | $20,420 | $4,080 | $16,340 |
| 2018 | $1,273 | $18,700 | $3,740 | $14,960 |
| 2017 | $1,235 | $18,650 | $3,730 | $14,920 |
| 2016 | $1,212 | $17,900 | $3,580 | $14,320 |
| 2015 | $1,140 | $15,350 | $3,070 | $12,280 |
Source: Public Records
Agents Affiliated with this Home
-
Gordon Hageman
-
Arnold Bedak
Buyer's Agent in 2023
Arnold Bedak
Real Broker
(480) 382-5019
1 in this area
55 Total Sales
-
D
Seller's Agent in 2021
Daniel Shenkman
Keller Williams Realty East Valley
-
Jamin Denham
J
Seller's Agent in 2012
Jamin Denham
DenMar Realty
(480) 507-7905
1 in this area
179 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6569218
APN: 138-14-012D
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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