Seller's Agent in 2023
Gordon Hageman
Real Broker
(480) 498-3334
2 in this area
124 Total Sales
240 S Doran Mesa, AZ 85204
Reed Park NeighborhoodEstimated Value: $764,000 - $830,000
Studio
--
Bath
3,136
Sq Ft
$256/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 28, 2025
Sold by
Bought by
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
Interest Rate
0.0627%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 7, 2025
Sold by
Bought by
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
Interest Rate
0.0627%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 15, 2023
Closed on
Aug 23, 2023
Sold by
Bought by
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
51
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%
Original Mortgage
$595,000
Interest Rate
0.063%
Mortgage Type
Balloon
Purchase Details
Listed on
Jun 4, 2021
Closed on
Jul 13, 2021
Sold by
Bought by
Seller's Agent
Daniel Shenkman
Keller Williams Realty Phoenix
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
0.0296%
Mortgage Type
VA
Purchase Details
Closed on
Jul 19, 2013
Sold by
Bought by
Purchase Details
Listed on
Apr 25, 2012
Closed on
Jun 27, 2012
Sold by
Bought by
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
12.61%
Original Mortgage
$113,250
Interest Rate
0.0374%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 28, 2011
Sold by
Bought by
Purchase Details
Closed on
Nov 12, 2010
Sold by
Bought by
Purchase Details
Closed on
Nov 30, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 14, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0675%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 27, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
0.0575%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 8, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,100
Interest Rate
0.0709%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 13, 1999
Sold by
Bought by
Purchase Details
Closed on
Apr 15, 1996
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $815,000 | Pioneer Title Agency | ||
| $700,000 | Premier Title Agency | ||
| $600,000 | United Title Agency | ||
| -- | None Available | ||
| $151,000 | Clear Title Agency Of Arizon | ||
| -- | None Available | ||
| $85,000 | Great American Title Agency | ||
| $300,000 | Capital Title Agency Inc | ||
| -- | Capital Title Agency Inc | ||
| $220,000 | Capital Title Agency Inc | ||
| $159,000 | Capital Title Agency Inc | ||
| $129,900 | Ati Title Agency | ||
| $98,000 | Transnation Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $611,250 | ||
| Closed | $595,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $113,250 | ||
| Previous Owner | $240,000 | ||
| Previous Owner | $176,000 | ||
| Previous Owner | $143,100 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
53 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
184 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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