NOT LISTED FOR SALE
4 Beds
8 Baths
760 Sq Ft
10,149 Sq Ft Lot

Last Sold January 10, 2022

Last sale price $660,000 $868 Per Sq Ft

174 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of January 2022

CALLING ALL INVESTORS!! AMAZING 4-PLEX WITH GREAT MESA LOCATION. NO HOA!! FOUR SINGLE LEVEL UNITS, ALL 2BD/1BA! Well maintained and fully occupied with rental income BELOW MARKET ~$3200/month. 3 of 4 units are month to month. Individually fenced backyards. Location close to light rail, downtown, Pioneer Park, all Mesa amenities!! Tenant rights, DO NOT DISTURB. DRIVE BY ONLY. Showings after accepted contract. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Nathan Waite

Silverhawk Realty License #SA677376000 Listed on: 06/05/2021

Last Buyer's Agent

Samantha Witherwax

Compass License #SA677817000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,776

Year Built

  • Built in 1984

Lot Details

  • 10,149

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 139-30-091

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Clarkson Manor Subdivision

Building Details

  • Operating Expense $9,157
  • Gross Income $34,574
  • Net Operating Income $25,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,776

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr./Southern Ave.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: CLARKSON MANOR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 3600.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 139-30-091

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34574.4
  • Insurance Expense: 1081.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 25511.0
  • Annual Operating Expense: 9157.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1776.0
  • Tax Book Number: 139.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Nov 29, 2021
Sold by
Allegiance Investments Llc
Bought by
Nicolan Capital 4 Llc
Seller's Agent
Nathan Waite
Silverhawk Realty
Buyer's Agent
Samantha Witherwax
Compass
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Outstanding Balance
$408,856
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 30, 2019
Sold by
Kayali Bandar
Bought by
Allegiance Investments Llc
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Taylor Shirley
Montebello Fine Properties
List Price
$424,900
Sold Price
$412,000
Premium/Discount to List
-$12,900
-3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.96%
Original Mortgage
$309,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 18, 2019
Sold by
Shankar Ravi and Shankar Roopa
Bought by
Kayali Bandar
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Taylor Shirley
Montebello Fine Properties
List Price
$424,900
Sold Price
$412,000
Premium/Discount to List
-$12,900
-3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2006
Sold by
Shankar Ravi and Rao Roopa
Bought by
Shankar Ravi and Shankar Roopa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,200
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2006
Sold by
Peters Sarah
Bought by
Shankar Ravi and Rao Roopa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,200
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2004
Sold by
Sickafoose Michael and Sickafoose Sandra
Bought by
Peters Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,800
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2003
Sold by
Baehamann Edan
Bought by
Sickafoose Michael L and Sickafoose Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2003
Sold by
Country Wide Resources
Bought by
Baehmann Edan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,400
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2001
Sold by
Wustner John R and Wustner Darlene M
Bought by
Countrywide Resources

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2001
Sold by
Priority Investments Inc
Bought by
Wustner John R and Wustner Darlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Nicolan Capital 4 Llc $660,000 Clear Title
Allegiance Investments Llc -- Accommodation
Kayali Bandar $412,000 Wfg National Title Ins Co
Shankar Ravi -- None Available
Shankar Ravi $404,000 Equity Title Agency Inc
Shankar Ravi $404,000 Equity Title Agency Inc
Peters Sarah $306,000 Capital Title Agency Inc
Sickafoose Michael L $272,000 Capital Title Agency Inc
Baehmann Edan A $236,625 Stewart Title & Trust
Countrywide Resources -- --
Wustner John R $200,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicolan Capital 4 Llc $444,000
Previous Owner Kayali Bandar $309,000
Previous Owner Shankar Ravi $323,200
Previous Owner Shankar Ravi $323,200
Previous Owner Peters Sarah $244,800
Previous Owner Sickafoose Michael L $217,600
Previous Owner Baehmann Edan A $195,400
Previous Owner Wustner John R $160,000
Closed Sickafoose Michael L $27,000
Closed Peters Sarah $45,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2022 01/10/22 Sold $660,000 +1.5% $868 / Sq Ft
11/17/2021 11/17/21 For Sale $650,000 0.0% $855 / Sq Ft
11/17/2021 11/17/21 Price Changed $650,000 0.0% $855 / Sq Ft
11/09/2021 11/09/21 For Sale $650,000 0.0% $855 / Sq Ft
11/09/2021 11/09/21 Price Changed $650,000 0.0% $855 / Sq Ft
06/04/2021 06/04/21 For Sale $650,000 -21.2% $855 / Sq Ft
01/28/2020 01/28/20 For Sale $825,000 +0.6% $1,086 / Sq Ft
01/27/2020 01/27/20 Sold $820,000 +99.0% $1,079 / Sq Ft View Prior Sale
09/30/2019 09/30/19 Sold $412,000 -3.0% $542 / Sq Ft View Prior Sale
09/20/2019 09/20/19 Price Changed $424,900 -48.2% $559 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
08/19/2019 08/19/19 Pending -- -- --
08/09/2019 08/09/19 Off Market $820,000 -- --
08/08/2019 08/08/19 For Sale $424,900 -48.5% $559 / Sq Ft
06/03/2019 06/03/19 For Sale $825,000 +0.6% $1,086 / Sq Ft
05/30/2019 05/30/19 Off Market $820,000 -- --
05/21/2019 05/21/19 For Sale $825,000 -- $1,086 / 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 $1,810 $18,344 -- --
2024 $1,815 $17,470 -- --
2023 $1,815 $55,280 $10,150 $45,130
2022 $1,778 $39,390 $7,230 $32,160
2021 $1,799 $34,640 $6,360 $28,280
2020 $1,776 $27,500 $5,050 $22,450
2019 $1,659 $21,730 $3,990 $17,740
2018 $1,593 $20,450 $3,750 $16,700
2017 $1,545 $21,060 $3,860 $17,200
2016 $1,516 $14,540 $2,670 $11,870
2015 $1,425 $13,150 $2,410 $10,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6246247

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-091