NOT LISTED FOR SALE

Estimated Value: $339,224 - $530,000

-- Bed
2 Baths
2,549 Sq Ft
$173/Sq Ft Est. Value

Last Sold August 17, 2015

Last sale price $185,000 $73 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $2,451/month

6 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2015

Fully occupied triplex in the heart of Mesa with a 9.61% cap rate. All of the units have been updated and are in good shape with happy tenants. Don't miss this opportunity to purchase a fantastic property that has cash flow like no other!

Last Agent to Sell the Property

Jacob Chapman

Realty85 License #BR583358000 Listed on: 06/17/2015

Last Buyer's Agent

David Wright

Wright Realty Group License #BR634229000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $739

Year Built

  • Built in 1953

Lot Details

  • 9,148

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Holmes Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 22
  • Assessor Parcel Number 138-29-034-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9137

Building Details

  • Operating Expense $739
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$739

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr. and Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1953
  • Tax Year: 2013
  • Directions: East on Boroadway,North on Hobson to property on Left.
  • Road Surface Type: Asphalt
  • Subdivision Name: None
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

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

Lot Info

  • Lot Size: 9137
  • Additional Parcels: No
  • Parcel #: 138-29-034-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 27600.0
  • Annual Operating Expense: 738.66

Tax Info

  • Tax Annual Amount: 738.66
  • Tax Book Number: 138.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2025
Sold by
Chad Llc
Bought by
Cluff Chad E
Total Days on Market
6
Current Estimated Value
$441,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,250
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2022
Sold by
Unknown
Bought by
Chad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,207
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2022
Sold by
Unknown
Bought by
Chad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,207
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2018
Sold by
Johnson Sara Bwint and Johnson Brian
Bought by
Johnson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2018
Sold by
Pearson Lillian Janet
Bought by
Johnson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2015
Closed on
Aug 14, 2015
Sold by
Chapman Travis M and Chapman Jessica A
Bought by
Pearson Lillian Janet
Seller's Agent
Jacob Chapman
Realty85
Buyer's Agent
David Wright
Wright Realty Group
List Price
$189,900
Sold Price
$185,000
Premium/Discount to List
-$4,900
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
Jun 16, 2009
Sold by
Willis Christopher J
Bought by
Chapman Travis M and Chapman Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Bird John J and Bird Shasta
Bought by
Willis Christopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 3, 2004
Sold by
Turley Newel and Turley Beverly
Bought by
Bird John J and Bird Shasta G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2001
Sold by
Turley Newel D
Bought by
Turley Newel D and Turley Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.92%
Source: Public Records

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Range of Values:

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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
Cluff Chad E -- --
Chad Llc $184,529 First Arizona Title
Chad Llc $184,529 First Arizona Title
Johnson Brian -- First Arizona Title Agency L
Johnson Brian $270,000 First Arizona Title Agency L
Pearson Lillian Janet $185,000 Great American Title Agency
Chapman Travis M $95,000 Equity Title Agency Inc
Willis Christopher J $280,000 Federal Title Agency Llc
Bird John J $150,000 Arizona Title Agency Inc
Turley Newel D -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cluff Chad E $367,250
Previous Owner Chad Llc $184,207
Previous Owner Chad Llc $184,207
Previous Owner Johnson Brian $202,500
Previous Owner Chapman Travis M $71,250
Previous Owner Willis Christopher J $224,000
Previous Owner Bird John J $35,250
Previous Owner Bird John J $188,000
Previous Owner Bird John J $175,750
Previous Owner Bird John J $120,000
Previous Owner Turley Newel D $80,000
Previous Owner Turley Newel D $100,000
Closed Bird John J $30,000
Closed Willis Christopher J $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2015 08/17/15 Sold $185,000 -2.6% $73 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $189,900 +5.6% $74 / Sq Ft
04/30/2015 04/30/15 Sold $179,900 -5.3% $71 / Sq Ft
03/13/2015 03/13/15 Pending -- -- --
09/05/2014 09/05/14 For Sale $189,900 -- $74 / 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 $1,307 $13,320 -- --
2024 $1,318 $12,686 -- --
2023 $1,318 $32,380 $6,470 $25,910
2022 $1,291 $24,270 $4,850 $19,420
2021 $1,307 $22,870 $4,570 $18,300
2020 $1,290 $21,870 $4,370 $17,500
2019 $1,205 $18,860 $3,770 $15,090
2018 $1,156 $14,860 $2,970 $11,890
2017 $1,122 $15,560 $3,110 $12,450
2016 $1,101 $13,910 $2,780 $11,130
2015 $880 $12,420 $2,480 $9,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5294895

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-034A