NOT LISTED FOR SALE

Estimated Value: $693,000 - $856,000

4 Beds
-- Bath
3,074 Sq Ft
$241/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $620,000 $202 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,213/month

161 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2023

* PRICE REDUCTION * Motivated Seller | Investment Property | 4 Units | 2 Bedroom & 1 Bathroom Units | Positive Cash Flow Opportunity | Looking for New Ownership | Great location in City of Mesa | Solid Block Built 4-Plex | 4 Covered Parking Spaces | Near Red Mountain 202 Freeway | Oakland Athletics Spring Training Facility | Make this 4-Plex Investment Property part of your Retirement Portfolio.

Last Agent to Sell the Property

Roger Garcia

Sonoran Vista Properties License #SA544949000 Listed on: 08/24/2022

Co-Listed By

Betsy R Garcia

Sonoran Vista Properties License #BR522767000

Last Buyer's Agent

Rebecca Aranda

A.Z. & Associates License #SA664387000

A.Z. & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1973

Lot Details

  • 8,451

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • Carport
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 113
  • Assessor Parcel Number 136-23-175

Community Details

Overview

  • 4 Units
  • Building Dimensions are 68x122x68x123
  • Pleasant Homes Subdivision Unit 2

Building Details

  • Operating Expense $1,400
  • Gross Income $42,276
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,400

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Mesa Drive and Mckellips
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2021
  • Directions: South on Mesa Drive to Ingram, East on Ingram, property is on the North side of the street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: clds01
  • Co List Office Phone: 480-220-9362
  • Subdivision Name: PLEASANT HOMES SUBDIVISION UNIT 2
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, <1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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

  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 68x122x68x123
  • Additional Parcels: No
  • Parcel #: 136-23-175

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 42276.48
  • Property Net Operating Income: 39000.0
  • Annual Operating Expense: 1400.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1400.0
  • Tax Book Number: 136.00
  • Tax Lot: 113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2025
Sold by
Jj 28 Property Llc
Bought by
Herrera Geronimo Herrera
Current Estimated Value
$741,634

Purchase Details

Closed on
Jan 24, 2024
Sold by
Herrera Living Trust
Bought by
Jj 28 Property Llc

Purchase Details

Closed on
Nov 21, 2023
Sold by
Herrera Geronimo
Bought by
Herrera Living Trust and Herrera

Purchase Details

Listed on
Aug 24, 2022
Closed on
Feb 27, 2023
Sold by
Davis Anita D
Bought by
Herrera Geronimo
Seller's Agent
Roger Garcia
Sonoran Vista Properties
Buyer's Agent
Rebecca Aranda
A.Z. & Associates
List Price
$749,999
Sold Price
$620,000
Premium/Discount to List
-$129,999
-17.33%
Views
162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Dec 17, 2018
Sold by
Davis Anita D
Bought by
28 E Ingram

Purchase Details

Closed on
Nov 26, 2018
Sold by
Estate Of Joseph Clyde Davis Jr
Bought by
Davis Anita D
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Herrera Geronimo Herrera -- Title Services Of The Valley
Jj 28 Property Llc -- None Listed On Document
Herrera Living Trust -- None Listed On Document
Herrera Geronimo $620,000 Equity Title Agency
Davis Anita D -- Equity Title Agency
28 E Ingram -- None Available
Davis Anita D -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $620,000 -4.6% $202 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
11/19/2022 11/19/22 Price Changed $649,999 -13.3% $211 / Sq Ft
08/24/2022 08/24/22 For Sale $749,999 -- $244 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,401 $14,273 -- --
2024 $1,412 $13,593 -- --
2023 $1,412 $49,160 $9,830 $39,330
2022 $1,383 $36,480 $7,290 $29,190
2021 $1,400 $29,950 $5,990 $23,960
2020 $1,382 $26,730 $5,340 $21,390
2019 $1,291 $22,770 $4,550 $18,220
2018 $1,239 $20,430 $4,080 $16,350
2017 $1,202 $17,430 $3,480 $13,950
2016 $1,180 $16,520 $3,300 $13,220
2015 $1,109 $14,810 $2,960 $11,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6454596

Arizona Regional Multiple Listing Service (ARMLS)

APN: 136-23-175