NOT LISTED FOR SALE

4740 E Caballero St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $517,000 - $617,000

Studio
-- Bath
2,432 Sq Ft
$237/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $560,000 $230 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,078/month

36 Days on Market

Highlights

  • Central Air
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of October 2021

Excellent investment opportunity! Sharp, low maintenance triplex with slump block all around. All units occupied. Unit #1 tenant pays $1,173/mo, lease expires 6/30/22. Unit #2 tenant pays $1,147.50/mo on month to month. Unit #3 tenant pays $1,254.60, lease expires 3/31/22. Private block fenced back yards with gate, covered patios, laundry and storage rooms. Unit #3 has a large back yard (see photo). Each unit has a stove, dishwasher and refrigerator. Covered parking. Tenant pays ALL utilities! Owner/Agent. Submit LSR with offer.

Last Agent to Sell the Property

Donald Geahlen

Mesa Realty, Inc. License #BR004992000 Listed on: 07/29/2021

Co-Listed By

April Barnett

Real Broker License #SA674727000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1983

Home Design

  • Composition Roof

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • O'connor Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, electricity, trash collection, cable TV
  • The owner pays for landscaping
  • Tax Lot 140
  • Assessor Parcel Number 140-15-153

Community Details

Overview

  • 3 Units
  • Building Dimensions are 70x134

Building Details

  • Operating Expense $3,225
  • Gross Income $42,901
  • Net Operating Income $39,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Greenfield/University
  • Property Type: Multiple Dwellings
  • Zoning: 3 plex
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: mesr01
  • Co List Office Phone: 480-507-8066
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, W/D Hookup

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Slump Block
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, Carport, >1 Space Per Unit, Assigned
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Central Air, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Varies by Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Elementary School: O'Connor 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: 70x134
  • Additional Parcels: No
  • Parcel #: 140-15-153

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Electricity, Trash Collection, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 42901.0
  • Insurance Expense: 1425.0
  • Property Net Operating Income: 39676.0
  • Annual Operating Expense: 3224.92

Tax Info

  • Tax Annual Amount: 1439.92
  • Tax Lot: 140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 22, 2021
Sold by
Johnston Walter Bruce
Bought by
Ecurb Llc
Seller's Agent
Donald Geahlen
Mesa Realty, Inc.
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Current Estimated Value
$575,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,402
Avg. Annual Appreciation
0.63%
Original Mortgage
$392,000
Outstanding Balance
$357,467
Interest Rate
2.8%
Estimated Equity
$217,935

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 21, 2021
Sold by
Johnston Rebecca Jean
Bought by
Johnston Walter Bruce
Seller's Agent
Donald Geahlen
Mesa Realty, Inc.
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$357,467
Interest Rate
2.8%
Estimated Equity
$217,935

Purchase Details

Closed on
Nov 24, 2003
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Caballero 4740 Llc

Purchase Details

Closed on
Nov 7, 2001
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Geahlen Donald L and Geahlen Constance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
6.57%

Purchase Details

Closed on
Apr 27, 2000
Sold by
Geahlen Donald L and Geahlen Constance D
Bought by
Geahlen Donald L and Geahlen Constance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2000
Sold by
Bunchman Marguerite
Bought by
Geahlen Donald L and Geahlen Constance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.87%
Mortgage Type
New Conventional
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
Ecurb Llc -- Accommodation
Johnston Walter Bruce -- Premier Title Agency
Johnston Walter Bruce $560,000 Premier Title Agency
Caballero 4740 Llc -- --
Geahlen Donald L -- Chicago Title Insurance Co
Geahlen Donald L -- --
Geahlen Donald L $140,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Walter Bruce $392,000
Closed Johnston Walter Bruce $392,000
Previous Owner Geahlen Donald L $115,200
Previous Owner Geahlen Donald L $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $560,000 -2.6% $230 / Sq Ft
10/25/2021 10/25/21 Price Changed $575,000 0.0% $236 / Sq Ft
09/19/2021 09/19/21 For Sale $575,000 0.0% $236 / Sq Ft
09/19/2021 09/19/21 Price Changed $575,000 0.0% $236 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/04/2021 08/04/21 Price Changed $575,000 -8.0% $236 / Sq Ft
07/29/2021 07/29/21 For Sale $625,000 -- $257 / 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 $1,475 $14,524 -- --
2024 $1,479 $13,832 -- --
2023 $1,479 $37,870 $7,570 $30,300
2022 $1,450 $29,280 $5,850 $23,430
2021 $1,460 $24,350 $4,870 $19,480
2020 $1,440 $22,370 $4,470 $17,900
2019 $1,347 $18,020 $3,600 $14,420
2018 $1,292 $17,020 $3,400 $13,620
2017 $1,254 $13,980 $2,790 $11,190
2016 $1,230 $13,330 $2,660 $10,670
2015 $1,154 $11,860 $2,370 $9,490
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Donald Geahlen

    Mesa Realty, Inc.

    (602) 999-9350

    1 in this area

    5 Total Sales

    Donald Geahlen
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    April Barnett

    Real Broker

    (480) 507-8066

    1 in this area

    6 Total Sales

    April Barnett
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6271790

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-15-153

Arizona Maricopa County Mesa 85205 Central Mesa East

4740 E Caballero St, 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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