NOT LISTED FOR SALE

Estimated Value: $543,423 - $675,000

Studio
4 Baths
688 Sq Ft
$878/Sq Ft Est. Value

Sale Details

Date Sold: May 12, 2016

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

Est. 147% increase in value since last sale

Current estimated payment $3,423 / mo

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

10,193 Sq Ft Lot

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

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
Mar 1, 2018
Sold by
Bought by
Current Estimated Value
$604,356

Purchase Details

Listed on
Jan 15, 2016
Closed on
Apr 27, 2016
Sold by
Bought by
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Jan Long
West USA Realty
List Price
$240,000
Sold Price
$245,000
Premium/Discount to List
$5,000
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%
Original Mortgage
$171,500
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
0.0519%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,600
Interest Rate
0.0662%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,600
Interest Rate
0.0662%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,200
Interest Rate
0.0625%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 5, 2003
Sold by
Bought by

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
0.0662%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2003
Sold by
Bought by

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
0.0578%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
$245,000 American Title Svc Agency Ll
-- American Title Svc Agency Ll
$185,000 Lawyers Title Of Arizona Inc
$129,140 Lawyers Title Of Arizona Inc
$342,164 First American Title
$407,000 Capital Title Agency Inc
-- Capital Title Agency Inc
$306,000 Capital Title Agency Inc
$272,000 Capital Title Agency Inc
$244,250 Stewart Title & Trust
-- Stewart Title & Trust
-- --
$200,000 Stewart Title & Trust
-- Stewart Title & Trust
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 $171,500
Closed $138,750
Previous Owner $325,600
Previous Owner $325,600
Previous Owner $214,200
Previous Owner $217,600
Previous Owner $195,400
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
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

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 $1,662 $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

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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

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