NOT LISTED FOR SALE

462 E 9th Ave Mesa, AZ 85204

Woodbridge Crossing Neighborhood

Estimated Value: $676,866 - $839,000

7 Beds
-- Bath
2,944 Sq Ft
$250/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $540,000 $183 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,970/month

4 Days on Market

Highlights

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

About This Home

As of January 2021

Well maintained, turn key 4-unit single level building built in 1984 and building is 2,944 SF with an average of 736 SF for three 2 bedroom 1 bath units and 700 SF for one 1 bedroom 1 bath with separate office/den. Building is located on .234 acres and has 8 uncovered parking spaces. Tenants pay for electric and garbage, Owner pays water. Current Owner/Broker has owned and managed the building for 27+ years. Building is fully leased with long-term stable tenants. Upside potential on rental income as last unit was rented 2 years ago at $811.00/month. Area market rents for 2 bedroom apartments range from$975-$1025 and $900-$950 for 1 bedroom apartments. Coin-op laundry room on site for tenant use, monthly income of ~$50.

Last Agent to Sell the Property

John Rendler

Desert Holdings Property Management License #BR109614000 Listed on: 12/05/2020

Last Buyer's Agent

Evan Loo

Real Broker License #SA685891000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,457

Year Built

  • Built in 1984

Lot Details

  • 10,193

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Legal Lot and Block 7 / 2
  • Assessor Parcel Number 139-30-027-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,185 SF
  • Milletts Green Acres Subdivision

Building Details

  • Operating Expense $3,907
  • Gross Income $29,350
  • Net Operating Income $25,443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,457

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Mesa Drive and Southern Avenue
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: MILLETTS GREEN ACRES
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Underground, Individual Meter
  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • 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
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1150.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 10,185 SF
  • Additional Parcels: No
  • Parcel #: 139-30-027-B

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 29350.0
  • Property Net Operating Income: 25443.0
  • Annual Operating Expense: 3907.0

Tax Info

  • Tax Annual Amount: 1457.0
  • Tax Block: 2
  • Tax Book Number: 139.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2020
Closed on
Jan 6, 2021
Sold by
Rendler John P and Rendler Lynn D
Bought by
Stryker Sebastian and Browne Samantha
Seller's Agent
John Rendler
Desert Holdings Property Management
Buyer's Agent
Evan Loo
Real Broker
List Price
$540,000
Sold Price
$540,000
Current Estimated Value
$736,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,217
Avg. Annual Appreciation
6.41%
Original Mortgage
$528,591
Outstanding Balance
$471,686
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$264,531

Purchase Details

Closed on
Jul 31, 2001
Sold by
Rendler John P and Rendler Lynn D
Bought by
The John P & Lynn D Rendler Joint Revoca
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Stryker Sebastian $540,000 Lawyers Title Of Arizona Inc
The John P & Lynn D Rendler Joint Revoca -- --
Rendler John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stryker Sebastian $528,591
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $540,000 0.0% $183 / Sq Ft
12/05/2020 12/05/20 For Sale $540,000 -- $183 / 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 $1,485 $15,051 -- --
2024 $1,489 $14,334 -- --
2023 $1,489 $51,300 $10,260 $41,040
2022 $1,459 $36,160 $7,230 $28,930
2021 $1,477 $29,000 $5,800 $23,200
2020 $1,457 $26,010 $5,200 $20,810
2019 $1,361 $20,450 $4,090 $16,360
2018 $1,307 $18,580 $3,710 $14,870
2017 $1,268 $16,760 $3,350 $13,410
2016 $1,244 $16,080 $3,210 $12,870
2015 $1,169 $14,250 $2,850 $11,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Rendler

    Desert Holdings Property Management

    (480) 390-8807

    1 in this area

    2 Total Sales

    John Rendler
    Section Image
  • Evan Loo

    Buyer's Agent in 2021

    Evan Loo

    Real Broker

    (480) 848-4664

    1 in this area

    71 Total Sales

    Evan Loo
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6168386

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-30-027B

Arizona Maricopa County Mesa 85204 Woodbridge Crossing

462 E 9th Ave, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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