NOT LISTED FOR SALE

Estimated Value: $656,000 - $688,000

8 Beds
-- Bath
2,918 Sq Ft
$228/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2021

Last sale price $646,000 $221 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,648 / mo

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of December 2021

MESA FOUR PLEX OPPORTUNTY! This Mesa four-plex is a great Investment opportunity. Fully occupied, with electricity paid by tenants, this property cash flows form day 1 with room to grow. Professionally managed for the past 4 years, the property is in very good condition. Each unit has inside washer/dryer hookups as well as dedicated exterior storage. No showings without an executed contract. Please do not disturb the tenants.

Last Agent to Sell the Property

Douglas Foster

A-Z Real Estate Professionals License #SA631349000 Listed on: 11/05/2021

Last Buyer's Agent

Rachel Krill

Real Broker License #BR559282000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1985

Lot Details

  • 7,884

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 139-36-104

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70 x 120
  • East Almond Place Subdivision

Building Details

  • Operating Expense $5,238
  • Gross Income $39,780
  • Net Operating Income $34,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,338

Year Built

Built in 1985

Lot Details

7,884 Sq Ft Lot

Listing Details

  • Cross Street: Mesa Drive & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: EAST ALMOND PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

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

Lot Info

  • Lot Size: 70 x 120
  • Additional Parcels: No
  • Parcel #: 139-36-104

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 39780.0
  • Property Net Operating Income: 34557.0
  • Annual Operating Expense: 5238.0

Tax Info

  • Tax Annual Amount: 1338.0
  • Tax Book Number: 139.00
  • Tax Lot: 8

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

Listed on
Nov 5, 2021
Closed on
Dec 13, 2021
Sold by
Bought by
Seller's Agent
Douglas Foster
A-Z Real Estate Professionals
Buyer's Agent
Rachel Krill
Real Broker
List Price
$635,000
Sold Price
$646,000
Premium/Discount to List
$11,000
1.73%
Current Estimated Value
$666,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,339
Avg. Annual Appreciation
0.70%

Purchase Details

Closed on
Oct 6, 2017
Sold by
Bought by

Purchase Details

Listed on
May 31, 2017
Closed on
Jul 20, 2017
Sold by
Bought by
Seller's Agent
Alex Affas, CCIM
AFFIRE, LLC
Buyer's Agent
Douglas Foster
A-Z Real Estate Professionals
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$217,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 26, 2016
Closed on
May 17, 2016
Sold by
Bought by
Seller's Agent
Marion Johannson
West USA Realty
Buyer's Agent
Rod Hofeling
RE/MAX Foothills
List Price
$217,500
Sold Price
$205,000
Premium/Discount to List
-$12,500
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.51%
Original Mortgage
$164,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 18, 2014
Closed on
Jan 27, 2015
Sold by
Bought by
Seller's Agent
Sophia Baron
Get Multifamily
Buyer's Agent
Sophia Baron
Get Multifamily
List Price
$174,900
Sold Price
$180,000
Premium/Discount to List
$5,100
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$135,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2013
Sold by
Bought by

Purchase Details

Closed on
May 23, 2011
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
$86,250
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2002
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
$180,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2002
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
$168,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 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
$145,800
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1996
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
$29,827
Interest Rate
7.53%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$646,000 Security Title Agency Inc
-- None Available
$290,000 Grand Canyon Title Agency
$205,000 Greystone Title Agency Llc
$180,000 First Arizona Title Agency
-- None Available
$115,000 Great American Title Agency
-- Great American Title Agency
$50,300 None Available
-- Chicago Title Insurance Co
$225,000 Chicago Title Insurance Co
$210,000 North American Title Co
$162,000 Grand Canyon Title Agency In
-- --
$103,800 Chicago Title Insurance 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
Previous Owner $217,500
Previous Owner $164,000
Previous Owner $135,000
Previous Owner $86,250
Previous Owner $45,000
Previous Owner $180,000
Previous Owner $168,000
Previous Owner $145,800
Previous Owner $29,827
Closed $31,500
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
12/15/2021 12/15/21 Sold $646,000 +0.9% $221 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
11/07/2021 11/07/21 Price Changed $640,000 +0.8% $219 / Sq Ft
11/05/2021 11/05/21 For Sale $635,000 +119.0% $218 / Sq Ft
07/24/2017 07/24/17 Sold $290,000 -1.7% $99 / Sq Ft View Prior Sale
06/23/2017 06/23/17 Pending -- -- --
06/20/2017 06/20/17 Price Changed $295,000 -4.8% $101 / Sq Ft
05/31/2017 05/31/17 For Sale $310,000 +51.2% $106 / Sq Ft
05/23/2016 05/23/16 Sold $205,000 -5.7% $70 / Sq Ft View Prior Sale
05/01/2016 05/01/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $217,500 +20.8% $75 / Sq Ft
01/20/2015 01/20/15 Sold $180,000 +2.9% $62 / Sq Ft View Prior Sale
12/28/2014 12/28/14 Pending -- -- --
12/17/2014 12/17/14 For Sale $174,900 -- $60 / 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 $1,346 $13,640 -- --
2024 $1,350 $12,991 -- --
2023 $1,350 $49,610 $9,920 $39,690
2022 $1,322 $35,010 $7,000 $28,010
2021 $1,338 $27,830 $5,560 $22,270
2020 $1,321 $25,000 $5,000 $20,000
2019 $1,234 $19,800 $3,960 $15,840
2018 $1,184 $18,160 $3,630 $14,530
2017 $1,149 $16,430 $3,280 $13,150
2016 $1,128 $15,660 $3,130 $12,530
2015 $1,060 $13,510 $2,700 $10,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6317395

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-104

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