NOT LISTED FOR SALE

441 E 9th Ave Mesa, AZ 85204

Woodbridge Crossing Neighborhood

Estimated Value: $532,000 - $720,000

-- Bed
4 Baths
688 Sq Ft
$915/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $245,000 $356 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $3,437/month

62 Days on Market

Highlights

  • Multiple cooling system units
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of May 2016

Back on the market Mesa 4plex with strong rents and an estimated 7.5 CAP! Property appraised, but buyer had qualifying issues. This will go quickly as it is well-maintained with all 2 bedroom units. Separate electric with 4 A/C units. Rarely a vacancy. Rents are $600/$600/$595/$585 and can be increased. M-T-M leases. The exterior has a tile roof, 1 story, and carport. Each unit has a washer/dryer, dishwasher, disposal, refrigerator, stove and all tile floors. The back unit has a large fenced backyard and all units have fenced yards. Local owner planning to retire. Expenses are projected at 35% of effective gross income, providing a current 7.5 CAP. Buyer to conduct and rely on own due diligence. Property sold ''as-is.'' 100% occupancy.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 01/15/2016

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jan Long

West USA Realty License #SA037234000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,316

Year Built

  • Built in 1986

Lot Details

  • 10,193

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

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

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 139-30-087

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10190 sq ft

Building Details

  • Operating Expense $11,012
  • Gross Income $27,703
  • Net Operating Income $18,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,316

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Mesa/Southern
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 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:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Individual, 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
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 10190 sq ft
  • Additional Parcels: No
  • Parcel #: 139-30-087

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 27703.2
  • Property Net Operating Income: 18007.0
  • Annual Operating Expense: 11012.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1316.0
  • Tax Book Number: 139.00
  • Tax Lot: 5

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2016 05/12/16 Sold $245,000 +2.1% $356 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $240,000 -- $349 / 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 $1,670 $16,932 -- --
2024 $1,676 $16,126 -- --
2023 $1,676 $51,090 $10,210 $40,880
2022 $1,641 $36,410 $7,280 $29,130
2021 $1,661 $32,020 $6,400 $25,620
2020 $1,639 $25,410 $5,080 $20,330
2019 $1,532 $20,070 $4,010 $16,060
2018 $1,470 $18,900 $3,780 $15,120
2017 $1,426 $19,470 $3,890 $15,580
2016 $1,400 $13,430 $2,680 $10,750
2015 $1,316 $12,160 $2,430 $9,730
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    51 Total Sales

    James Stephens
    Section Image

  • J

    Buyer's Agent in 2016

    Jan Long

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5383734

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-087

Arizona Maricopa County Mesa 85204 Woodbridge Crossing

441 E 9th Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

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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