$600,000
SOLD AUG 1, 2024
-- Bed
-- Bath
2,830 Sq Ft
10,237 Sq Ft Lot

Recently Sold

$212 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2024

TRIPLEX. Desirable location at the end of a cul-de-sac near shopping and public transportation. Great opportunity for investment or owner occupied. New roof in 2023. All new AC units in 2020. One large unit has 2 bedrooms and 2 bathrooms, an attached garage, and an inside laundry room. The other two units are 2 bed / 1 bath units each with separate laundry rooms and one covered parking space. Plenty of additional driveway parking. All units have separate private yards. One 2 bed / 1 bath unit has just been renovated (including tile flooring throughout) and is currently vacant. The 2 bed / 2 bath unit and the other 2 bed / 1 bath unit have tile flooring in living areas and carpet in the bedrooms. They are currently occupied with long-term tenants. The first photos are from the vacant unit vacant unit, whereas the latter photos are from the 2 bed / 2 bath unit last time it was vacant. Do not disturb the tenants.

Last Agent to Sell the Property

Jon Sherwood

Crossroads Brokerage License #BR101681000 Listed on: 07/12/2024

Last Buyer's Agent

Todd R. Williams

Caballero Property Management, Inc. License #BR023161000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,636

Year Built

  • Built in 1980

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 4
  • Assessor Parcel Number 140-15-016

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irr

Building Details

  • Operating Expense $7,086
  • Gross Income $46,200
  • Net Operating Income $17,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,636

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: Greenfield / University
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, 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: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Free, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Garage Details: Yes
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3200.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 140-15-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 46200.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1350.0
  • Property Net Operating Income: 17349.0
  • Annual Operating Expense: 7086.0
  • Vacancy Allowance Rate: 3.0

Tax Info

  • Tax Annual Amount: 1636.0
  • Tax Book Number: 140.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 1, 2024
Sold by
Mortensen Klaus and Mortensen Susan M
Bought by
Dehaven Charlene
Seller's Agent
Jon Sherwood
Crossroads Brokerage
Buyer's Agent
Todd R. Williams
Caballero Property Management, Inc.
List Price
$589,000
Sold Price
$600,000
Premium/Discount to List
$11,000
1.87%
Total Days on Market
4
Views
15
Current Estimated Value
$602,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,677
Avg. Annual Appreciation
1.71%

Purchase Details

Closed on
Feb 15, 2007
Sold by
Fay Timothy G
Bought by
Mortensen Klaus and Mortensen Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 1999
Sold by
Caballero Apartments Ltd Partnership
Bought by
Fay Timothy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,798
Interest Rate
6.66%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 1994
Sold by
Berge Craig M and Berge Nancy C
Bought by
Cabellero Apartments Ltd Partnership

Purchase Details

Closed on
Mar 7, 1994
Sold by
Lampe Construction
Bought by
Berge Craig M
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Chicago Title Agency
Warranty Deed $295,000 Security Title Agency Inc
Warranty Deed $142,000 Ati Title Agency
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $168,750 New Conventional
Previous Owner $221,250 New Conventional
Previous Owner $140,798 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $600,000 +1.9% $212 / Sq Ft
07/12/2024 07/12/24 For Sale $589,000 -- $208 / 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 $1,623 $16,048 -- --
2024 $1,636 $15,284 -- --
2023 $1,636 $42,970 $8,590 $34,380
2022 $1,603 $32,630 $6,520 $26,110
2021 $1,614 $27,350 $5,470 $21,880
2020 $1,592 $25,220 $5,040 $20,180
2019 $1,490 $19,820 $3,960 $15,860
2018 $1,428 $18,560 $3,710 $14,850
2017 $1,387 $15,350 $3,070 $12,280
2016 $1,355 $14,660 $2,930 $11,730
2015 $1,276 $12,980 $2,590 $10,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6730395

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-016