3050 E Cicero St Mesa, AZ 85213
The Groves NeighborhoodEstimated payment $3,925/month
Highlights
- Cooling Available
- Franklin at Brimhall Elementary School Rated A
- Heating Available
About This Home
Strong income potential in Mesa! This well-maintained property offers four spacious 2-bedroom, 2-bath units with tenant friendly layouts that are easy to rent and easy to manage. Pride of ownership shines throughout, supporting consistent rental demand. Located in an established, high-demand Mesa neighborhood near shopping, dining, parks, and freeways. An opportunity to add a reliable, income-producing property to your portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,103
Year Built
- Built in 1984
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 46
- Assessor Parcel Number 140-11-407
Community Details
Overview
- 4 Units
- Building Dimensions are 0.182
- University Villa East Subdivision
Building Details
- Operating Expense $9,006
- Gross Income $33,611
- Net Operating Income $26,699
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,103 | $21,316 | -- | -- |
| 2024 | $2,109 | $20,301 | -- | -- |
| 2023 | $2,109 | $57,520 | $11,500 | $46,020 |
| 2022 | $1,908 | $43,510 | $8,700 | $34,810 |
| 2021 | $1,945 | $35,220 | $7,040 | $28,180 |
| 2020 | $1,919 | $33,070 | $6,610 | $26,460 |
| 2019 | $1,786 | $24,180 | $4,830 | $19,350 |
| 2018 | $1,710 | $21,920 | $4,380 | $17,540 |
| 2017 | $1,658 | $18,520 | $3,700 | $14,820 |
| 2016 | $1,627 | $18,730 | $3,740 | $14,990 |
| 2015 | $1,533 | $17,500 | $3,500 | $14,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2026 02/08/26 | Pending | -- | -- | -- |
| 01/29/2026 01/29/26 | For Sale | $730,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Cash Sale Deed | $165,000 | First American Title Ins Co | |
| Trustee Deed | $332,753 | Accommodation | |
| Warranty Deed | $429,000 | Title Guaranty Agency Of Az | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $335,000 | Capital Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $343,200 | Purchase Money Mortgage | |
| Previous Owner | $268,000 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6974058
APN: 140-11-407
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.