NOT LISTED FOR SALE

2610 N Recker Rd Mesa, AZ 85215

Mesa Area
58 Beds
-- Bath
-- Sq Ft
1984 Built

Sale Details

Date Sold: March 26, 2014

Last sale price $1,310,000

116 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Bush Elementary School Rated A-
  • Resident Manager or Management On Site

About This Home

As of March 2014

LOCATION! LOCATION! THIS IS A GREAT OPPORTUNITY TO OWN A MULTI-UNIT INVESTMENT PROPERTY IN AN AREA ATTRACTIVE TO RENTERS. THIS PROPERTY IS CONVENIENTLY LOCATED CLOSE TO THE 202 FWY, LAS SENDAS & RED MOUNTAIN AREA, AND BOEING. FEATURES INCLUDE: UPDATED POOL, NEW ROOF, FEW REMODELED UNITS, LAUNDRY FACILITY (EQUIPMENT OWNED BY OWNER), REMODELED MANAGER'S OFFICE, & PROFESSIONALLY INSTALLED CAMERAS ONSITE. CURRENTLY THIS PROPERTY IS BEING MANAGED AND MAINTAINED BY OWNER. PLEASE NOTE THAT ALL FINANCIAL INFORMATION HAS BEEN PROVIDED BY OWNER AND IS CALCULATED USING SCHEDULED RENTAL INCOME.OTHER INCOME FROM LAUNDRY FACILITY NOT INCLUDED IN THE FINANCIALS PROVIDED. BUYER TO CONDUCT ALL INSPECTIONS (INCLUDING FINANCIAL) DURING INSPECTION PERIOD. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY

Last Agent to Sell the Property

Nycole Leyba

Better Homes & Gardens Real Estate SJ Fowler License #SA561315000 Listed on: 09/16/2013

Last Buyer's Agent

Rajiv Patel

On Q Property Management License #SA638494000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,803

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 141-43-831-A

Community Details

Overview

  • 3 Buildings
  • 29 Units
  • Building Dimensions are 1.14

Recreation

  • Heated Community Pool

Additional Features

  • Net Operating Income $133,901
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,803

Year Built

Built in 1984

Listing Details

  • Cross Street: RECKER & MCDOWELL
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI FAMILY
  • Number Of Buildings: 3
  • Year Built: 1984
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Water Sewer Expense: 20400.0

Lot Info

  • Lot Size: 1.14
  • Additional Parcels: No
  • Parcel #: 141-43-831-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 29
  • Insurance Expense: 5225.0
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 133900.65
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7802.68
  • Tax Book Number: 141.00
  • Tax Lot: N/A

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
Jul 31, 2015
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
$1,238,000
Interest Rate
0.0398%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 16, 2013
Closed on
Mar 12, 2014
Sold by
Bought by
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rajiv Patel
On Q Property Management
List Price
$1,480,000
Sold Price
$1,310,000
Premium/Discount to List
-$170,000
-11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Interest Rate
0.0425%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 16, 2013
Closed on
Feb 18, 2014
Sold by
Bought by
Seller's Agent
Nycole Leyba
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Rajiv Patel
On Q Property Management
List Price
$1,480,000
Sold Price
$1,310,000
Premium/Discount to List
-$170,000
-11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Interest Rate
0.0425%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 1999
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
$650,000
Interest Rate
0.0764%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1996
Sold by
Bought by
Source: Public Records
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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
$1,830,000 American Title Svc Agency Ll
$1,310,000 Stewart Title & Trust Of Pho
-- None Available
-- None Available
$1,145,000 Chicago Title Insurance Co
$1,020,000 First American Title Ins
-- --
$740,000 First American Title
-- First American Title
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
Closed $1,238,000
Previous Owner $924,000
Previous Owner $650,000
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
03/26/2014 03/26/14 Sold $1,310,000 -11.5% --
01/10/2014 01/10/14 Pending -- -- --
09/16/2013 09/16/13 For Sale $1,480,000 -- --
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 $10,615 $107,597
2024 $10,648 $102,474
2023 $10,648 $327,530 $65,500 $262,030
2022 $10,428 $264,380 $52,870 $211,510
2021 $10,555 $228,710 $45,740 $182,970
2020 $10,417 $231,650 $46,330 $185,320
2019 $9,733 $161,110 $32,220 $128,890
2018 $9,342 $144,030 $28,800 $115,230
2017 $9,063 $170,460 $34,090 $136,370
2016 $8,895 $112,630 $22,520 $90,110
2015 $8,360 $106,760 $21,350 $85,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4999518

Arizona Regional Multiple Listing Service (ARMLS)
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