NOT LISTED FOR SALE

350 E 5th Ave Mesa, AZ 85210

Woodbridge Crossing Neighborhood
-- Bed
-- Bath
2,856 Sq Ft
5,663 Sq Ft Lot

Last Sold March 30, 2018

Last sale price $344,000 $120 Per Sq Ft

4 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Vinyl Flooring

About This Home

As of March 2018

MULTIPLE OFFERS RECEIVED! Fully occupied 2-story 4plex in Mesa! PLEASE DO NOT DISTURB TENANTS. Excellent location near Downtown Mesa & light rail. All units are 2x1 around 715sf, most leases expire in 2019! Building was fully remodeled in 2015. Updates include all NEW 400AMP 4 multi-meter electrical, pex pipe plumbing & new water heaters, windows & doors, 4 2-ton HVAC units, insulation, stucco & interior & exterior paint. All units feature vinyl plank flooring throughout, new fixtures/hardware, baseboards & trim, new kitchens with black appliances, new bathrooms, & stack able washer/dryers with 220V hookup.

Last Agent to Sell the Property

Jennifer Schrader

Caliber Realty Group, LLC License #BR586300000 Listed on: 02/22/2018

Co-Listed By

Lisa Pudewell

Caliber Realty Group, LLC License #SA637185000

Last Buyer's Agent

Todd Pippin

My Home Group Real Estate License #SA658919000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,078

Year Built

  • Built in 1983

Lot Details

  • 5,663

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 139-36-037-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 96.50' x 59.25'
  • Almond Place Subdivision

Building Details

  • Operating Expense $13,683
  • Gross Income $24,375
  • Net Operating Income $22,317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,078

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd & Mesa Dr
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2880.0
  • Co List Office Mls Id: calb01
  • Co List Office Phone: 480-295-7600
  • Subdivision Name: ALMOND PLACE
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: 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
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 96.50' x 59.25'
  • Additional Parcels: No
  • Parcel #: 139-36-037-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 24375.0
  • Insurance Expense: 1525.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 22317.0
  • Annual Operating Expense: 13683.0
  • Vacancy Allowance Rate: 0.35

Tax Info

  • Tax Annual Amount: 1078.0
  • Tax Block: 1
  • Tax Book Number: 139.00
  • Tax Lot: 5
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2018 03/30/18 Sold $344,000 +2.7% $120 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $335,000 +400.0% $117 / Sq Ft
01/31/2012 01/31/12 Sold $67,000 -32.3% $23 / Sq Ft View Prior Sale
06/28/2011 06/28/11 Pending -- -- --
02/02/2011 02/02/11 For Sale $99,000 -- $35 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennifer Schrader

    Seller's Agent in 2018

    Jennifer Schrader

    Caliber Realty Group, LLC

    (480) 398-4600

    Jennifer Schrader
    Section Image
  • Lisa Pudewell

    Seller Co-Listing Agent in 2018

    Lisa Pudewell

    Caliber Realty Group, LLC

    (480) 208-3668

    13 Total Sales

    Lisa Pudewell
    Section Image

  • T

    Buyer's Agent in 2018

    Todd Pippin

    My Home Group

    (480) 544-4686

    48 Total Sales

    Todd Pippin
    Section Image
  • Ben Arredondo

    Buyer Co-Listing Agent in 2018

    Ben Arredondo

    My Home Group Real Estate

    (480) 206-7077

    3 in this area

    460 Total Sales

    Ben Arredondo
    Section Image

  • L

    Seller's Agent in 2012

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2012

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5726978

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-36-038B

Arizona Maricopa County Mesa 85210 Woodbridge Crossing

350 E 5th Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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