$700,000
SOLD MAR 13, 2026
-- Bed
-- Bath
3,496 Sq Ft
1984 Built

Sale Details

Date Sold: March 13, 2026

$200 Per Sq Ft

4% Below List Price

10 Days on Market

Highlights

  • Cooling Available
  • Desert Landscape
  • Heating Available
  • Highland Elementary School Rated 9+

About This Home

As of March 2026

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!

Last Agent to Sell the Property

Caitlin Haffner

The Brokery License #SA681105000 Listed on: 01/29/2026

Co-Listed By

Jenn Newman

The Brokery License #BR671655000

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,103

Year Built

  • Built in 1984

Lot Details

  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,103

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: VAL VISTA & UNIVERSITY
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: boll002
  • Co List Office Phone: 602-892-4444
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Disposal, W/D Hookup, Free-Standing Electric Oven

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Parking Features: On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 4128.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 0.182
  • Additional Parcels: No
  • Parcel #: 140-11-407

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 33610.5
  • Insurance Expense: 1862.0
  • Maintenance Expense: 912.0
  • Property Net Operating Income: 26699.0
  • Annual Operating Expense: 9006.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 2103.0
  • Tax Book Number: 140.0
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2026
Closed on
Mar 6, 2026
Sold by
Cicero 3050 Llc
Bought by
Ma Karen
Seller's Agent
Caitlin Haffner
The Brokery
Buyer's Agent
Larry Burr
ATLAS AZ, LLC
List Price
$730,000
Sold Price
$700,000
Premium/Discount to List
-$30,000
-4.11%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.31%
Original Mortgage
$525,000
Outstanding Balance
$525,000
Interest Rate
6.1%
Mortgage Type
New Conventional
Estimated Equity
$202,655

Purchase Details

Closed on
Sep 5, 2014
Sold by
Renda Family Trust and Renda Ramon J
Bought by
Cicero 3050 Llc and Renda Ramon J

Purchase Details

Closed on
Jan 28, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Renda Ramon J and Renda Marlene O

Purchase Details

Closed on
Nov 17, 2008
Sold by
Juarez Salvador and Juarez Julia
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Nov 2, 2005
Sold by
Maydak Joseph M
Bought by
Juarez Salvador and Juarez Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2005
Sold by
Maydak Joseph M
Bought by
Maydak Joseph M and 2005 Joseph M Maydak Jr Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2005
Sold by
Blanton Charles B and Blanton Patricia J
Bought by
Maydak Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.77%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Wfg National Title Insurance C
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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Previous Owner $343,200 Purchase Money Mortgage
Previous Owner $268,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2026 03/13/26 Sold $700,000 -4.1% $200 / Sq Ft
02/08/2026 02/08/26 Pending -- -- --
01/29/2026 01/29/26 For Sale $730,000 -- $209 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6974058

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-407

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