NOT LISTED FOR SALE
Studio
1 Bath
900 Sq Ft
6.52 Acre Lot

Sale Details

Date Sold: November 16, 2018

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

168 Days on Market

Highlights

  • Carpet
  • Highland Elementary School Rated 9+
  • Heating Available

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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,220

Year Built

  • Built in 1986

Lot Details

  • 6.52

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

6.52 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2025
Sold by
Nichols David T and Nichols Deanna R
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in The Groves, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$620,000 Equity Title Agency Inc
Carmichael Lonny $380,000 Stewart Title & Trust Of Pho
Carmichael Lonny -- Stewart Title & Trust Of Pho
Ngo Khanh D $510,000 Security Title Agency Inc
Cruz Juan $360,000 Security Title Agency
Roznowski Jerzy A $270,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner Carmichael Lonny $285,000
Previous Owner Carmichael Lonny $285,000
Previous Owner Ngo Khanh D $357,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

APN: SS-138-B-1

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