NOT LISTED FOR SALE

409 N Williams Mesa, AZ 85203

Mesa Patios Neighborhood
41 Beds
-- Bath
4,000 Sq Ft
1970 Built

Last Sold February 08, 2017

Last sale price $1,440,000 $360 Per Sq Ft

34 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A
  • Community Barbecue Grill

About This Home

As of February 2017

Palm Shadows is a Very Attractive Community Located Close to Mesa City Center. Made up of 19-2 Bedroom, 2 Bath Units and One Three Bedroom, Two Bath Unit. The Apartments are Approximately 1000 Square Feet Each. Building is Attractive Slump Bock Meaning Less Maintenance and Painting. Covered Parking, Laundry Facilities and Barbecue Area and Play Area. Major Employers are Boeing, Falcon Field and Many Others Including the City. Location is Between The Superstition Freeway and the Red Mountain Freeway.
Good Cash Flow and Upside Potential All Facts and Figures Are Approximate Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/12/2016

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Arthur Hall

Amaryllis Realty, LLC License #BR535050000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,054

Year Built

  • Built in 1970

Home Design

  • Built-Up Roof

Parking

  • 7 Open Parking Spaces
  • 27 Parking Spaces
  • 20 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 54
  • Assessor Parcel Number 137-37-054-A

Community Details

Overview

  • 20 Units
  • Building Dimensions are 20000
  • Ko Ko Palms 2 Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $68,349
  • Gross Income $163,097
  • Net Operating Income $94,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,054

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: University & Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2015
  • Directions: University & Gilbert, West on University to Williams and Turn North.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 6000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: KO KO PALMS 2
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 27.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 27.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 14150.0

Lot Info

  • Lot Size: 20000
  • Additional Parcels: No
  • Parcel #: 137-37-054-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 20
  • Electric Expense: 3300.0
  • Annual Gross Income: 163096.95
  • Insurance Expense: 6375.0
  • Maintenance Expense: 21800.0
  • Property Net Operating Income: 94965.0
  • Annual Operating Expense: 68349.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6054.0
  • Tax Book Number: 137.00
  • Tax Lot: 54

Range of Values:

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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 Change Sq Ft Price
02/08/2017 02/08/17 Sold $1,440,000 -3.9% $360 / Sq Ft
12/16/2016 12/16/16 For Sale $1,498,000 0.0% $375 / Sq Ft
12/16/2016 12/16/16 Price Changed $1,498,000 0.0% $375 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/11/2016 09/11/16 For Sale $1,498,000 -- $375 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2017

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    1 in this area

    65 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2017

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    1 in this area

    36 Total Sales

    Steven Cvetanovich
    Section Image

  • A

    Buyer's Agent in 2017

    Arthur Hall

    Amaryllis Realty, LLC

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496089

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85203 Mesa Patios

409 N Williams, Mesa, AZ

This home is located at 409 N Williams, Mesa, AZ 85203 since 12 September 2016. This property was built in 1970. 409 N Williams is a home located in Maricopa County with nearby schools including Michael T. Hughes Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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