NOT LISTED FOR SALE
8 Beds
4 Baths
950 Sq Ft
1959 Built

Last Sold September 30, 2016

Last sale price $255,000 $268 Per Sq Ft

109 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • 4-minute walk to Eagles Park
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of September 2016

This is an amazing investment opportunity! This property has been very well maintained by the seller. The entire roof was replaced in 2014. All units are 2 bedroom, 1 bathroom units with one carport space. Each unit has washer/dryer hookups. Property always rents very easily and all units are currently leased. Many tenants have been there long term and want to stay. Rents can easily be increased by new owner.DRIVE BY ONLY, DO NOT DISTURB TENANTS. Must be sold with 240 S. Ashland.

Last Agent to Sell the Property

Laney Brandt

Compass License #SA509279000 Listed on: 04/29/2016

Compass

Co-Listed By

Sharon Berrett

HomeSmart License #SA651857000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,109

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

  • Lowell Elementary School - Mesa
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • The owner pays for water
  • Tax Lot b
  • Assessor Parcel Number 138-29-031-Q

Community Details

Overview

  • 4 Units
  • Building Dimensions are 63x191
  • Temple Villa Subdivision

Building Details

  • Operating Expense $5,209
  • Gross Income $24,000
  • Net Operating Income $18,791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,109

Year Built

Built in 1959

Listing Details

  • Cross Street: Mesa Drive/ Main Street
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: cril18
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: TEMPLE VILLA
  • Tax Parcel Letter: Q
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • 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:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 63x191
  • Additional Parcels: Yes
  • Parcel #: 138-29-031-Q

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 24000.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 18791.0
  • Annual Operating Expense: 5209.0

Tax Info

  • Tax Annual Amount: 1109.0
  • Tax Book Number: 138.00
  • Tax Lot: b
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2016 09/30/16 Sold $255,000 -7.3% $268 / Sq Ft
08/01/2016 08/01/16 Price Changed $275,000 -4.8% $289 / Sq Ft
04/28/2016 04/28/16 For Sale $289,000 -- $304 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,408 $14,273 -- --
2024 $1,412 $13,593 -- --
2023 $1,412 $53,120 $10,620 $42,500
2022 $1,383 $38,880 $7,770 $31,110
2021 $1,400 $32,550 $6,510 $26,040
2020 $1,382 $29,030 $5,800 $23,230
2019 $1,291 $23,960 $4,790 $19,170
2018 $1,239 $21,460 $4,290 $17,170
2017 $1,202 $17,220 $3,440 $13,780
2016 $1,180 $16,610 $3,320 $13,290
2015 $1,109 $14,760 $2,950 $11,810
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5435208

Arizona Regional Multiple Listing Service (ARMLS)
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