$510,000
SOLD SEP 11, 2024
-- Bed
-- Bath
2,108 Sq Ft
7,362 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

5% Below List Price

5 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling Available
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of September 2024

These 2 BR/2Bath multi units don't come on the market very often in east mesa with with great pro-forma cap rate! Fully occupied duplex in highly desirable part of Mesa not age restricted. Unit 1 was renovated in 2022, (Kitchen, blinds, fans, lighting, interior doors, partial bath, flooring t/o). Each unit has their own exterior laundry room with private fenced in yard. Great investment with long term tenant in unit 2.

Last Agent to Sell the Property

Chad Kamp

Exit Realty Coannah License #BR533142000

Exit Realty Coannah

Last Buyer's Agent

Ilona Poka

Barrett Real Estate License #BR540275000

Barrett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • RV or Boat Parking

Schools

  • Entz Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 140-15-028

Community Details

Overview

  • 2 Units
  • Building Dimensions are IRR
  • Greenfield Estates Unit 1 Subdivision

Building Details

  • Operating Expense $7,146
  • Net Operating Income $36,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: UNIVERSITY & GREENFIELD *
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2023
  • Directions: East to Quinn, North to property
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2331.0
  • Subdivision Name: GREENFIELD ESTATES UNIT 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood, Slump Block
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: RV/Boat Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Entz Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 140-15-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Landscaping
  • Number Of Units Total: 2
  • Insurance Expense: 839.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 36161.0
  • Annual Operating Expense: 7146.0

Tax Info

  • Tax Annual Amount: 1376.0
  • Tax Book Number: 140.00
  • Tax Lot: 16

Map

Range of Values:

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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 Change Sq Ft Price
09/11/2024 09/11/24 Sold $510,000 -4.7% $242 / Sq Ft
08/10/2024 08/10/24 For Sale $535,000 -- $254 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,365 $13,565 -- --
2024 $1,376 $12,919 -- --
2023 $1,376 $34,920 $6,980 $27,940
2022 $1,349 $26,480 $5,290 $21,190
2021 $1,359 $21,960 $4,390 $17,570
2020 $1,341 $20,060 $4,010 $16,050
2019 $1,254 $16,230 $3,240 $12,990
2018 $1,202 $15,660 $3,130 $12,530
2017 $1,167 $13,010 $2,600 $10,410
2016 $1,141 $12,120 $2,420 $9,700
2015 $1,075 $10,670 $2,130 $8,540
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $475,000 New Conventional
Previous Owner $210,000 New Conventional
Previous Owner $96,800 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $500,000 Empire Title Agency
Warranty Deed -- Pioneer Title
Warranty Deed -- --
Warranty Deed $121,000 Security Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6742342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-028