240 S Doran Mesa, AZ 85204
Reed Park NeighborhoodEstimated payment $4,815/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
Investor's dream**DO NOT DISTURB OCCUPANTS**
Turn-key and cash-flowing 4 plex with updated 2 bed, 1 bath units. Situated in the heart of Mesa with easy access to dining, shopping, and major freeways. This is ideal for both seasoned investors and those entering the multi family market. Well-maintained. Fully occupied. Built in 1981. 10,000 sqft lot
The current rents are $1,500/month/unit. Total of $6,000/month. Tenants never pay late. Tile floors throughout in unit 1, 2, 3. LVP in unit 4. Each unit is separately metered for electricity. Tenants cover electricity, landlord pays water. Individual laundry inside each unit, with drain. Four individual storage units. 6 covered parking spots. Two additional uncovered. New roof in 2024. New AC unit in Unit 2 in 2024. ACs regularly maintained
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #SA715336000 Listed on: 08/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,440
Year Built
- Built in 1981
Home Design
- Wood Frame Construction
- Composition Roof
- Built-Up Roof
- Stucco
Flooring
- Ceramic Tile
- 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
- 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 $8,094
- Gross Income $72,000
- Net Operating Income $61,900
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,440 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | For Sale | $850,000 | +21.4% | -- |
| 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 |
| 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 |
| 05/04/2012 05/04/12 | Pending | -- | -- | -- |
| 04/25/2012 04/25/12 | For Sale | $140,000 | -- | $154 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $700,000 | Premier Title Agency | |
| Warranty Deed | $600,000 | United Title Agency | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $151,000 | Clear Title Agency Of Arizon | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $85,000 | Great American Title Agency | |
| Warranty Deed | $300,000 | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $220,000 | Capital Title Agency Inc | |
| Warranty Deed | $159,000 | Capital Title Agency Inc | |
| Warranty Deed | $129,900 | Ati Title Agency | |
| Joint Tenancy Deed | $98,000 | Transnation Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $595,000 | Balloon | |
| Previous Owner | $600,000 | VA | |
| Previous Owner | $113,250 | New Conventional | |
| Previous Owner | $240,000 | Purchase Money Mortgage | |
| Previous Owner | $176,000 | New Conventional | |
| Previous Owner | $143,100 | New Conventional | |
| Previous Owner | $116,900 | New Conventional | |
| Previous Owner | $79,800 | New Conventional | |
| Closed | $0 | No Value Available | |
| Closed | $21,750 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6901811
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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