NOT LISTED FOR SALE

Estimated Value: $624,606

8 Beds
-- Bath
2,816 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2022

Last sale price $660,000 $234 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,052 / mo

3 Days on Market

Highlights

  • Community Playground
  • Central Air
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of March 2022

Excellent investment property in Victoria Manor with good cash flow. I have owned this unit for 10 years and occupancy has been very high. Four 2 Bedroom/1 Bath units. Fully occupied, tenants pay for their own electricity. Community laundry and plenty of parking. New shingle roof installed March 2019 Parking lot recently resurfaced and repaired covered parking. These units are in high demand being just steps away from the light rail station. The light rail provides easy access to the Airport, Mesa, Tempe Phoenix, Arizona State University and much more. Complex is close to MCC, Tempe Market Place, Mesa RiverView and easy access to the 101 Freeway. Community laundry. Please do not disturb the tenants. Current gross income $4078

Last Agent to Sell the Property

Sid Rosenblatt

My Home Group Real Estate License #SA677298000 Listed on: 02/04/2022

My Home Group Real Estate

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,295

Year Built

  • Built in 1986

Lot Details

  • 3,267

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 4 Parking Spaces
  • 1 Covered Space
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 135-45-127

Community Details

Overview

  • 4 Units
  • Building Dimensions are 2817
  • Victoria Manor Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $9,994
  • Gross Income $47,229
  • Net Operating Income $31,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,295

Year Built

Built in 1986

Lot Details

3,267 Sq Ft Lot

Listing Details

  • Cross Street: Dobson and Main
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: VICTORIA MANOR
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Community Features Play Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Play Area, No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1862.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 2817
  • Additional Parcels: No
  • Parcel #: 135-45-127

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 47229.25
  • Insurance Expense: 1113.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 31723.0
  • Annual Operating Expense: 9994.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1295.0
  • Tax Book Number: 135.00
  • Tax Lot: 3

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Prior Sale
03/31/2022 03/31/22 Sold $660,000 +1.5% $234 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $650,000 +80.6% $231 / Sq Ft
07/10/2019 07/10/19 Sold $360,000 -4.0% $128 / Sq Ft View Prior Sale
06/10/2019 06/10/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $375,000 0.0% $133 / Sq Ft
05/17/2019 05/17/19 Price Changed $375,000 +4.2% $133 / Sq Ft
04/27/2019 04/27/19 Off Market $360,000 -- --
04/26/2019 04/26/19 For Sale $425,000 0.0% $151 / Sq Ft
03/21/2019 03/21/19 For Sale $425,000 0.0% $151 / Sq Ft
03/27/2015 03/27/15 Rented $550 0.0% --
03/20/2015 03/20/15 Under Contract -- -- --
01/05/2015 01/05/15 For Rent $550 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6351596

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-45-126

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