NOT LISTED FOR SALE
8 Beds
5 Baths
1,196 Sq Ft
1970 Built

Last Sold July 19, 2017

Last sale price $310,000 $259 Per Sq Ft

112 Days on Market

Highlights

  • Evaporated cooling system
  • Floor Furnace
  • Carpet
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of July 2017

A value-add opportunity located just South of Downtown Mesa in a quiet residential neighborhood. The building just got a brand new roof and paint job. Rents are below market and greatly below where they should be with a few upgrades like individual AC units. There is a mix of two-bedrooms and one bedrooms. Each unit has an individual laundry hookup and covered parking spot. The buildings are block constructed with pitched roofs for low maintenance. Conveniently located near employment, freeway and light rail access. Refrigerators, washers, and dryers are owned by tenants and do not convey.

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 03/07/2017

Co-Listed By

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000

Last Buyer's Agent

Bryan Mortensen

LRA Real Estate Group, LLC License #BR648243000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • Free Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Lincoln Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 10 / 87
  • Assessor Parcel Number 139-36-094

Community Details

Overview

  • 5 Units
  • Building Dimensions are 92x119.25
  • Mesa Subdivision

Building Details

  • Operating Expense $1,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,404

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: S MESA DRIVE AND BROADWAY RD
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2016
  • Road Surface Type: Sidewalk(s)
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Subdivision Name: MESA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: W/D Hookup
  • 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: 5.0
  • Parking Features: Paved Parking, Free, Assigned, 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 92x119.25
  • Additional Parcels: No
  • Parcel #: 139-36-094

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Operating Expense: 1404.0

Tax Info

  • Tax Annual Amount: 1404.0
  • Tax Block: 87
  • Tax Book Number: 139.00
  • Tax Lot: 10
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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
07/19/2017 07/19/17 Sold $310,000 -3.1% $259 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
05/12/2017 05/12/17 Price Changed $320,000 -1.5% $268 / Sq Ft
03/07/2017 03/07/17 For Sale $325,000 -- $272 / 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 $1,676 $16,989 -- --
2024 $1,681 $16,180 -- --
2023 $1,681 $62,200 $12,440 $49,760
2022 $1,647 $41,800 $8,360 $33,440
2021 $1,667 $33,760 $6,750 $27,010
2020 $1,645 $30,320 $6,060 $24,260
2019 $1,537 $24,330 $4,860 $19,470
2018 $1,475 $20,110 $4,020 $16,090
2017 $1,431 $18,860 $3,770 $15,090
2016 $1,404 $17,320 $3,460 $13,860
2015 $1,320 $15,860 $3,170 $12,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5571473

Arizona Regional Multiple Listing Service (ARMLS)