NOT LISTED FOR SALE

Estimated Value: $372,922 - $448,000

Studio
-- Bath
1,536 Sq Ft
$272/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $360,000 $234 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,258/month

31 Days on Market

Highlights

  • Brick Veneer
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Carpet

About This Home

As of September 2021

Great Duplex investment opportunity with 2 bedrooms and 1 bathroom in each unit. Long term tenants in place that would like to stay. Nice floor plan with access to back covered patio. Great for first home or income producing property. Located in the heart of Mesa, close to US-60 freeway and North Loop 202 freeway. Super close to shopping, dining, and the Light Rail that goes in to Tempe and Phoenix. Tenants are responsible for utilities. Sold AS-IS.

Last Agent to Sell the Property

Cassandra Mueller

eXp Realty License #SA654319000 Listed on: 07/08/2021

Last Buyer's Agent

Matthew Khalil

Real Broker License #BR684134000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1987

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Schools

  • Lincoln Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 5
  • Assessor Parcel Number 139-24-150

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6643
  • Haws Replat Subdivision

Building Details

  • Operating Expense $774
  • Gross Income $17,640
  • Net Operating Income $17,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$774

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr & Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2020
  • Subdivision Name: HAWS REPLAT
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 6643
  • Additional Parcels: No
  • Parcel #: 139-24-150

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 17640.0
  • Property Net Operating Income: 17640.0
  • Annual Operating Expense: 774.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 774.0
  • Tax Book Number: 139.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 2, 2021
Sold by
Reyes Aaron Antonio
Bought by
Khalil Marwan and Khalil Mary
Seller's Agent
Cassandra Mueller
eXp Realty
Buyer's Agent
Matthew Khalil
Real Broker
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%
Current Estimated Value
$418,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,231
Avg. Annual Appreciation
3.53%
Original Mortgage
$270,000
Outstanding Balance
$245,313
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$172,918

Purchase Details

Closed on
Mar 28, 2017
Sold by
Reyes Silvia
Bought by
Reyes Aaron Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2010
Sold by
Reyes Ernesto and Reyes Silvia
Bought by
Mora Arym
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

Date Buyer Sale Price Title Company
Khalil Marwan $360,000 Fidelity Natl Ttl Agcy Inc
Reyes Aaron Antonio -- Pioneer Title Agency Inc
Reyes Silvia -- Pioneer Title Agency Inc
Mora Arym $60,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khalil Marwan $270,000
Previous Owner Reyes Aaron Antonio $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2021 09/16/21 Sold $360,000 -6.5% $234 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $385,000 -- $251 / 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 $848 $8,598 -- --
2024 $786 $8,189 -- --
2023 $786 $29,860 $5,970 $23,890
2022 $770 $21,050 $4,210 $16,840
2021 $784 $17,430 $3,480 $13,950
2020 $774 $15,930 $3,180 $12,750
2019 $720 $12,550 $2,510 $10,040
2018 $690 $11,630 $2,320 $9,310
2017 $669 $10,130 $2,020 $8,110
2016 $656 $9,450 $1,890 $7,560
2015 $618 $7,980 $1,590 $6,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6261962

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-150