NOT LISTED FOR SALE

4740 E Caballero St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $573,000 - $626,000

Studio
-- Bath
2,432 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2021

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

Est. 7% increase in value since last sale

Current estimated payment $3,391 / mo

36 Days on Market

Highlights

  • Patio
  • Outdoor Storage
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Air
  • Fenced

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

Lot Details

  • Fenced
  • Desert Landscape

Home Design

  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Vertical Blinds
  • Fire and Smoke Detector

Parking

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

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Natural Gas Not Available
  • Cable TV 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
  • Const - Finish:Const - Finish: Other (See Remarks)
  • Cooling:Cooling: Central Air, Individual, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: Individual Meter, SRP
  • Special:Special: Incorporated Area, Owner/Agent
  • Sale Includes:Sale Includes: Land & Building, Personal Property
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, W/D Hookup
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Mini Blinds, Vertical Blinds

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Slump Block
  • Roof: Composition
  • Exterior Amenities: Curb(s) & Gutter(s), Sidewalk(s), Desert Landscaping, Fenced, Cable TV Available, Patio/Balcony, Separate Storage

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
  • Parking Features:Parking Features: Free, Carport, >1 Space Per Unit, Assigned

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
  • Gas:Gas: None

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 22, 2021
Sold by
Bought by
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
$601,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,467
Avg. Annual Appreciation
1.52%
Original Mortgage
$392,000
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 21, 2021
Sold by
Bought by
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
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2001
Sold by
Bought by

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
0.0657%

Purchase Details

Closed on
Apr 27, 2000
Sold by
Bought by

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
0.0887%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2000
Sold by
Bought by

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
0.0887%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$560,000 Premier Title
-- Premier Title Agency
-- --
-- Chicago Title Insurance Co
-- --
$140,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $392,000
Previous Owner $148,000
Previous Owner $115,200
Previous Owner $112,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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