$785,000
$10K PRICE DROP

Estimated payment $4,489/month

Total Views 4,210
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

An amazing investment opportunity in this desirable Central Mesa community! No HOA! All 4 turnkey units are 2 bedroom, 1 bathroom that all boasts 730 sq ft, all with private indoor washer & dryer hookup, all have a private outdoor storage closet, all units are individually metered for electric, and there are a toral of 10 parking spaces for tenants. City of Mesa Section 8 Housing Choice Voucher Program for 2025 provides $1,730 for 2 bedroom units. This lucrative Fourplex opportunity has the potential of producing $6,920 gross rental income per month, $83,040 gross rental income per year.

Listing Agent

Ben Arredondo

My Home Group Real Estate License #SA556873000

My Home Group Real Estate

Co-Listing Agent

James Roberts

My Home Group Real Estate License #SA639379000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,389

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 139-36-101

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • East Almond Place Subdivision

Building Details

  • Operating Expense $1,389
  • Gross Income $83,040
  • Net Operating Income $81,651

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,389

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & Broadway Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Directions: Head southeast to S Udall. Right on S Udall. Right on E Broadway Rd. Left on S Wilbur. Turn left and left again. Property will be on the left.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: EAST ALMOND PLACE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking Features:Paved2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

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: Unknown
  • Additional Parcels: No
  • Parcel #: 139-36-101

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 83040.0
  • Property Net Operating Income: 81651.0
  • Annual Operating Expense: 1389.0

Tax Info

  • Tax Annual Amount: 1389.0
  • Tax Book Number: 139.00
  • Tax Lot: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,389 $14,148 -- --
2024 $1,400 $13,474 -- --
2023 $1,400 $51,220 $10,240 $40,980
2022 $1,371 $36,080 $7,210 $28,870
2021 $1,388 $28,970 $5,790 $23,180
2020 $1,370 $26,010 $5,200 $20,810
2019 $1,280 $20,350 $4,070 $16,280
2018 $1,228 $18,600 $3,720 $14,880
2017 $1,192 $16,770 $3,350 $13,420
2016 $1,170 $16,160 $3,230 $12,930
2015 $1,099 $13,850 $2,770 $11,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 Price Changed $785,000 -1.3% --
01/10/2025 01/10/25 For Sale $795,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $460,000 Empire West Title Agency Llc
Warranty Deed $135,000 First Arizona Title Agency
Quit Claim Deed -- None Available
Cash Sale Deed $85,000 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Fidelity National Title
Joint Tenancy Deed $305,000 Fidelity National Title
Interfamily Deed Transfer -- Chicago Title Insurance Co
Warranty Deed $225,000 Chicago Title Insurance Co
Warranty Deed $210,000 North American Title Co
Joint Tenancy Deed $162,000 Grand Canyon Title Agency In
Interfamily Deed Transfer -- Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,500 New Conventional
Previous Owner $94,500 New Conventional
Previous Owner $280,000 Fannie Mae Freddie Mac
Previous Owner $198,250 Purchase Money Mortgage
Previous Owner $168,000 New Conventional
Previous Owner $145,800 New Conventional
Previous Owner $101,250 No Value Available
Previous Owner $89,000 No Value Available
Closed $76,200 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6802856

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-101