NOT LISTED FOR SALE
2 Beds
1 Bath
900 Sq Ft
16,988 Sq Ft

Last Sold November 16, 2018

Last sale price $630,000 $700 Per Sq Ft

168 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of November 2018

Multi-family complex investment close to shopping, businesses, and transportation corridors. 7 units total! 6 units are 2 bed + 1 bath, and 1 unit with 950 SF, 2 bed + 1.5 bath townhome style floor plan. VERY well maintained! Each unit is individually metered, tenant pays electric/utilities, owner pays water/sewer/trash. Tenants in all units. Exterior just painted! Great Cash Flow Opportunity!

Last Agent to Sell the Property

Stacey Crewse

Diamond King Realty License #BR668308000 Listed on: 03/30/2018

Last Buyer's Agent

Kristina Read

Coldwell Banker Realty License #SA579464000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,220

Year Built

  • Built in 1986

Lot Details

  • 0.39

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 14 Parking Spaces
  • 7 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 140-11-372

Community Details

Overview

  • 7 Units
  • Building Dimensions are 16984 SQFT
  • University Villa East Subdivision

Building Details

  • Operating Expense $30,383
  • Gross Income $44,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,220

Year Built

Built in 1986

Lot Details

0.39 Acres

Listing Details

  • Cross Street: UNIVERSITY DRIVE AND LINDSEY RD
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4359.0
  • Subdivision Name: University Villa East
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 7.0
  • Parking Features: Paved Parking, Free, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • 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:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 16984 SQFT
  • Additional Parcels: No
  • Parcel #: 140-11-372

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 44113.25
  • Maintenance Expense: 20286.0
  • Annual Operating Expense: 30383.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3220.0
  • Tax Book Number: 140.00
  • Tax Lot: 11
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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
11/16/2018 11/16/18 Sold $630,000 -5.2% $700 / Sq Ft
11/01/2018 11/01/18 Price Changed $664,900 0.0% $739 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
05/05/2018 05/05/18 Price Changed $664,900 -1.5% $739 / Sq Ft
03/30/2018 03/30/18 For Sale $674,900 +77.6% $750 / Sq Ft
10/31/2014 10/31/14 Sold $380,000 -8.4% $422 / Sq Ft View Prior Sale
09/16/2014 09/16/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $415,000 -- $461 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,772 $38,230 -- --
2024 $3,783 $36,410 -- --
2023 $3,783 $110,730 $22,140 $88,590
2022 $3,705 $82,820 $16,560 $66,260
2021 $3,750 $68,160 $13,630 $54,530
2020 $3,701 $64,450 $12,890 $51,560
2019 $3,458 $46,780 $9,350 $37,430
2018 $3,319 $42,520 $8,500 $34,020
2017 $3,220 $33,470 $6,690 $26,780
2016 $3,160 $32,420 $6,480 $25,940
2015 $2,970 $28,600 $5,720 $22,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5744727

Arizona Regional Multiple Listing Service (ARMLS)
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