Seller's Agent in 2020
Ephrem Jando
Real Broker
(480) 206-3631
34 Total Sales
434 N Hill -- Mesa, AZ 85203
Mesa Patios Neighborhood
17
Beds
--
Bath
2,500
Sq Ft
1963
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of December 2020Owner/Agent managed (11) UNITS, 2 buildings in Mesa. Both buildings have newer roofs, NEW steps on stairs, ALL of the units get updated during tenant turnovers. A few of the AC units have been replaced past 12 months, the rest of the units are maintained every summer, tenants filters get changed 3-4 times per year by us. Building consists of: (5) 1BR/ 1BA (4) 2 BR/1BA and (2) 2BR/2BA 2 large units. TOTAL: 11 units that you can turn into a 13 unit as it used to be, See Documents Tabs for VALUE ADD suggestions and expenses, make up to 25k more yearly in additional income on this building! Documents tab also has one years worth of electric and utility bills to show the expenses are low in here! For the serious buyer we have monthly P&L. less than 5 miles to EVIT, Light Rail, US-60 FRWY.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,048
Year Built
- Built in 1963
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
Flooring
- Carpet
- Concrete
- Ceramic Tile
Parking
- 7 Open Parking Spaces
- 11 Parking Spaces
- 4 Covered Spaces
- Free Parking
- Paved Parking
- On-Street Parking
- Assigned Parking
Utilities
- Cooling Available
- Heating Available
- Master Water Meter
Listing and Financial Details
- The owner pays for gas, electricity, trash collection, water, sewer
- Tax Lot 4
- Assessor Parcel Number 137-37-004-A
Community Details
Overview
- 2 Buildings
- 11 Units
- Building Dimensions are 115x80
- Ko Ko Palms Subdivision
Building Details
- Operating Expense $20,028
- Gross Income $114,366
- Net Operating Income $94,338
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $1,375,000 | -1.6% | $550 / Sq Ft | |
| 11/07/2020 11/07/20 | For Sale | $1,397,000 | +83.2% | $559 / Sq Ft | |
| 05/10/2018 05/10/18 | Sold | $762,500 | -6.4% | $305 / Sq Ft | View Prior Sale |
| 05/09/2018 05/09/18 | Price Changed | $815,000 | 0.0% | $326 / Sq Ft | |
| 05/02/2018 05/02/18 | Price Changed | $815,000 | 0.0% | $326 / Sq Ft | |
| 04/04/2018 04/04/18 | Pending | -- | -- | -- | |
| 04/02/2018 04/02/18 | Pending | -- | -- | -- | |
| 03/20/2018 03/20/18 | For Sale | $815,000 | -- | $326 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,087 | $21,157 | -- | -- |
| 2024 | $2,094 | $20,150 | -- | -- |
| 2023 | $2,094 | $115,200 | $23,040 | $92,160 |
| 2022 | $2,050 | $86,020 | $17,200 | $68,820 |
| 2021 | $2,075 | $68,530 | $13,700 | $54,830 |
| 2020 | $2,048 | $61,230 | $12,240 | $48,990 |
| 2019 | $1,914 | $42,510 | $8,500 | $34,010 |
| 2018 | $1,837 | $37,750 | $7,550 | $30,200 |
| 2017 | $1,782 | $32,710 | $6,540 | $26,170 |
| 2016 | $1,749 | $30,620 | $6,120 | $24,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ephrem Jando
-
Chad Schreiner
Buyer's Agent in 2020
Chad Schreiner
RE/MAX
(480) 489-0491
142 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6157836
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.
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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