NOT LISTED FOR SALE

Estimated Value: $587,666 - $805,000

Studio
-- Bath
2,918 Sq Ft
$226/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $385,000 $132 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,572/month

8 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Franklin at Brimhall Elementary School Rated A
  • Multiple Heating Units

About This Home

As of August 2019

You don't see investment properties listed at more than a 9 cap every day! Just Remodeled! Hurry! Just finished the remodel on Tuesday ..1 Unit is already rented at $875 + tax and another unit is rented at $850 + tax! Others should rent out quickly. Other top unit should go for $875 and bottom unit should go for $850. Excellent investment property with NO HOA dues to eat up your profit! Is very affordable and will go fast! So, hurry! All units are the same size and each unit has 2 bedrooms and 1 bath, a living room and a kitchen. Tenants pay Electric and Cable as well!
Refrigerators in units 101,102, & 201. There is a stackable washer/dryer in one of the units.
Exterior Painted in 2018.

Last Agent to Sell the Property

Rob Becker

Top Rock Realty License #BR109512000 Listed on: 06/28/2019

Last Buyer's Agent

Michael Hawkins

HomeSmart License #BR662696000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,227

Year Built

  • Built in 1985

Lot Details

  • 10,411

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Multiple Heating Units
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 139-36-100

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10406 sq ft lot
  • East Almond Place Lot 1 8 Subdivision

Building Details

  • Operating Expense $6,387
  • Gross Income $41,400
  • Net Operating Income $35,013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,227

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. / Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 600.0
  • Subdivision Name: EAST ALMOND PLACE LOT 1-8
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Metal, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: SRP, Submetered System, Individual Meter
  • Cooling: Central A/C, Electric, Wall/Window Unit(s)
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:_two_ or More Units3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2760.0

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 10406 sq ft lot
  • Additional Parcels: No
  • Parcel #: 139-36-100

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 41400.0
  • Insurance Expense: 600.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 35013.0
  • Annual Operating Expense: 6387.0

Tax Info

  • Tax Annual Amount: 1227.0
  • Tax Book Number: 139.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2020
Sold by
Lentine Frank W and Lentine Kimberly L
Bought by
Lwl Properties Llc
Current Estimated Value
$660,917

Purchase Details

Listed on
Jun 28, 2019
Closed on
Aug 5, 2019
Sold by
Robert Rentals Llc
Bought by
Lentine Kimberly L and Lentine Frank W
Seller's Agent
Rob Becker
Top Rock Realty
Buyer's Agent
Michael Hawkins
HomeSmart
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$288,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2018
Sold by
Shakespeare Connor
Bought by
Rebel Rentals Llc

Purchase Details

Listed on
Oct 27, 2016
Closed on
Dec 14, 2016
Sold by
D & P Realty Llc
Bought by
Az Pacific Llc
Seller's Agent
Kelly Henderson
Keller Williams Arizona Realty
Buyer's Agent
Rob Becker
Top Rock Realty
List Price
$225,000
Sold Price
$212,000
Premium/Discount to List
-$13,000
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%
Original Mortgage
$146,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2016
Closed on
Nov 22, 2016
Sold by
Shakespeare Amber Dawn and Shakespeare Connor
Bought by
Shakespeare Connor
Seller's Agent
Kelly Henderson
Keller Williams Arizona Realty
Buyer's Agent
Rob Becker
Top Rock Realty
List Price
$225,000
Sold Price
$212,000
Premium/Discount to List
-$13,000
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2012
Sold by
D & P Properties Llc
Bought by
Az Pacific Llc

Purchase Details

Closed on
Dec 31, 2009
Sold by
Pacific Real Estate Investments Llc
Bought by
Doan Thao and Doan Chanh

Purchase Details

Closed on
Nov 12, 2009
Sold by
The Bank Of New York Mellon
Bought by
Pacific Real Estate Investments Llc

Purchase Details

Closed on
Jun 23, 2009
Sold by
Rosaly John and Rosaly Vilma J
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Dec 12, 2005
Sold by
Person Patrick and Person Mary Ann
Bought by
Rosaly John and Rosaly Vilma J

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
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2004
Sold by
Rolph Bruce J
Bought by
Person Patrick K and Person Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2002
Sold by
Rolph Maria I
Bought by
Rolph Bruce J

Purchase Details

Closed on
Jun 13, 2002
Sold by
Sutton Ryan L and Sutton Jennifer L
Bought by
Hernandez Arthur J and Hernandez Cathy L

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
May 3, 1999
Sold by
Ftp Investments Llc
Bought by
Sutton Ryan L and Sutton Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 1996
Sold by
Fairbanks Jeffrey C
Bought by
Fairbanks Jeffrey C and Fairbanks Kristie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
8.3%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lwl Properties Llc -- None Available
Lentine Kimberly L $385,000 Lawyers Title Of Arizona Inc
Rebel Rentals Llc -- Accommodation
Rebel Rentals Llc -- None Available
Az Pacific Llc -- Lawyers Title Of Arizona Inc
Shakespeare Connor -- Lawyers Title Of Arizona Inc
Shakespeare Connor $195,000 Lawyers Title Of Arizona Inc
Az Pacific Llc -- None Available
Doan Thao -- None Available
Pacific Real Estate Investments Llc $78,500 First American Title Ins Co
The Bank Of New York Mellon $121,125 First American Title
Rosaly John $335,000 Capital Title Agency Inc
Person Patrick K $305,000 --
Rolph Bruce J -- Chicago Title Insurance Co
Rolph Bruce J $225,000 Chicago Title Insurance Co
Hernandez Arthur J $210,000 North American Title Co
Sutton Ryan L $145,000 Grand Canyon Title Agency In
Fairbanks Jeffrey C -- Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lentine Kimberly L $288,750
Previous Owner Shakespeare Connor $146,250
Previous Owner Rosaly John $268,000
Previous Owner Person Patrick K $213,500
Previous Owner Hernandez Arthur J $168,000
Previous Owner Sutton Ryan L $129,600
Previous Owner Fairbanks Jeffrey C $91,000
Closed Person Patrick K $61,000
Closed Rosaly John $33,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2019 08/12/19 Sold $385,000 -1.3% $132 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
06/30/2019 06/30/19 Price Changed $390,000 +4.0% $134 / Sq Ft
06/27/2019 06/27/19 For Sale $375,000 +76.9% $129 / Sq Ft
01/10/2017 01/10/17 Sold $212,000 -1.4% $73 / Sq Ft View Prior Sale
11/13/2016 11/13/16 Pending -- -- --
11/11/2016 11/11/16 Price Changed $215,000 -4.4% $74 / Sq Ft
10/20/2016 10/20/16 For Sale $225,000 -- $77 / 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 $1,394 $14,129 -- --
2024 $1,398 $13,456 -- --
2023 $1,398 $51,170 $10,230 $40,940
2022 $1,369 $36,060 $7,210 $28,850
2021 $1,386 $28,930 $5,780 $23,150
2020 $1,368 $25,970 $5,190 $20,780
2019 $1,278 $20,330 $4,060 $16,270
2018 $1,227 $18,580 $3,710 $14,870
2017 $1,190 $16,770 $3,350 $13,420
2016 $1,168 $16,150 $3,230 $12,920
2015 $1,098 $13,830 $2,760 $11,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5945401

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-100