NOT LISTED FOR SALE

437 S Lesueur Mesa, AZ 85204

Woodbridge Crossing Neighborhood
11 Beds
5 Baths
1,900 Sq Ft
1971 Built

Last Sold July 09, 2021

Last sale price $775,000 $408 Per Sq Ft

3 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring
  • 5-minute walk to Stapley Park

About This Home

As of July 2021

The five units at Ed-Zel Apartments are located just off Mesa Drive, next to the revitalization of Mesa. Near schools, parks and major conveniences, this 5-unit apartment complex, consists of 4 ea 2bed/1 bath units and 1 ea 2bed, 1 bath unit that has a bonus room/3rd bed, fireplace, dishwasher, fenced yard, and private parking. Unit 439 has had a recent complete remodel for an owner occupy or fresh new tenant. 6-car carport includes 3 storage units in front of buildings and the driveway/carport to side of buildings including 3 storage units with laundry and storage. Each unit has w/d either in unit or outside, each unit has covered parking, storage units and small yards. Cap ex taken care of with new a/c on two units. Value add in four units with light remodel and market rent increases. Drive by only tenants are unaware of sale. All facts and figures are approximate buyer verify MLS information.

Last Agent to Sell the Property

Carla Magee

My Home Group Real Estate License #SA685362000 Listed on: 06/06/2021

Last Buyer's Agent

Carla Magee

My Home Group Real Estate License #SA685362000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,296

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shake Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1 & 2
  • Assessor Parcel Number 139-24-072-b

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 130x120

Building Details

  • Operating Expense $17,101
  • Gross Income $66,690
  • Net Operating Income $49,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,296

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Broadway & Mesa Dr
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2020
  • Directions: East on Broadway to Lesueur south to property. There is no sign, please do not disturb tenants.
  • Road Surface Type: Concrete
  • Professional Management Expense: 5650.0
  • Tax Parcel Letter: b
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Block, Brick
  • Roof: Shake
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 265.0
  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 2840.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 130x120
  • Additional Parcels: No
  • Parcel #: 139-24-072-b

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Annual Gross Income: 66690.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 49589.0
  • Annual Operating Expense: 17101.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2296.0
  • Tax Book Number: 139.00
  • Tax Lot: 1 & 2

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
07/09/2021 07/09/21 Sold $775,000 +0.6% $408 / Sq Ft
06/10/2021 06/10/21 Price Changed $770,000 -3.8% $405 / Sq Ft
06/10/2021 06/10/21 Price Changed $800,000 +3.9% $421 / Sq Ft
06/06/2021 06/06/21 For Sale $770,000 -- $405 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Carla Magee

    My Home Group Real Estate

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6246674

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85204 Woodbridge Crossing

437 S Lesueur, Mesa, AZ

This home is located at 437 S Lesueur, Mesa, AZ 85204 since 06 June 2021. This property was built in 1971. 437 S Lesueur is a home located in Maricopa County with nearby schools including Lowell 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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