NOT LISTED FOR SALE

48 E 6th Ave Mesa, AZ 85210

Woodbridge Crossing Neighborhood

Estimated Value: $422,000 - $570,000

-- Bed
-- Bath
2,621 Sq Ft
$182/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $425,000 $162 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,623/month

2 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of November 2023

Investment Opportunity! Central Mesa Triplex. 1 3 Bedroom/2 Bath and 2 units with 2 Bedrooms/1 Bath. Range/Ovens convey with property. All tenants are currently month to month and have all resided at this property for 5-10 years and would love to stay. Large corner lot. All facts and figures are approximate.

Last Agent to Sell the Property

Elma Bachman

RE/MAX Sun Properties License #SA032609000 Listed on: 10/24/2023

RE/MAX Sun Properties

Last Buyer's Agent

Matthew Khalil

Kenneth James Realty License #BR684134000

Kenneth James Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,141

Year Built

  • Built in 1960

Lot Details

  • 5,401

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 46
  • Assessor Parcel Number 139-37-048

Community Details

Overview

  • 3 Units
  • Building Dimensions are Irregular
  • Mesa Stadium Place Subdivision

Building Details

  • Operating Expense $3,099
  • Gross Income $28,800
  • Net Operating Income $25,803

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,141

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Broadway & Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 1
  • Year Built: 1960
  • Tax Year: 2023
  • Directions: East on Broadway to Lewis, south on Lewis to 6th Ave. Property on the corner of 6th Avenue and Lewis.
  • Road Surface Type: Dedicated Street
  • Subdivision Name: MESA STADIUM PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 458.0

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: Irregular
  • Additional Parcels: No
  • Parcel #: 139-37-048

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 28800.0
  • Insurance Expense: 1500.0
  • Property Net Operating Income: 25803.0
  • Annual Operating Expense: 3099.0

Tax Info

  • Tax Annual Amount: 1141.0
  • Tax Book Number: 139.00
  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Nov 9, 2023
Sold by
Starkey Kim Sue
Bought by
Khalil Matthew and Khalil Marwan
Seller's Agent
Elma Bachman
RE/MAX Sun Properties
Buyer's Agent
Matthew Khalil
Kenneth James Realty
List Price
$565,000
Sold Price
$425,000
Premium/Discount to List
-$140,000
-24.78%
Views
11
Current Estimated Value
$477,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,062
Avg. Annual Appreciation
3.93%
Original Mortgage
$401,100
Outstanding Balance
$396,240
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$60,852
Source: Public Records

Range of Values:

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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
Khalil Matthew $425,000 Fidelity National Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khalil Matthew $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2023 11/09/23 Sold $425,000 -24.8% $162 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $565,000 -- $216 / 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 $1,132 $11,533 -- --
2024 $1,141 $10,984 -- --
2023 $1,141 $41,860 $8,370 $33,490
2022 $1,039 $29,400 $5,880 $23,520
2021 $1,058 $24,270 $4,850 $19,420
2020 $1,044 $21,970 $4,390 $17,580
2019 $972 $17,600 $3,520 $14,080
2018 $931 $16,010 $3,200 $12,810
2017 $903 $14,220 $2,840 $11,380
2016 $886 $13,120 $2,620 $10,500
2015 $835 $11,720 $2,340 $9,380
Source: Public Records

Agents Affiliated with this Home

  • Elma Bachman

    Seller's Agent in 2023

    Elma Bachman

    RE/MAX

    (602) 743-0000

    1 in this area

    30 Total Sales

    Elma Bachman
    Section Image
  • Matthew Khalil

    Buyer's Agent in 2023

    Matthew Khalil

    Kenneth James Realty

    (916) 770-6120

    7 in this area

    130 Total Sales

    Matthew Khalil
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6621632

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-37-048

Arizona Maricopa County Mesa 85210 Woodbridge Crossing

48 E 6th Ave, Mesa, AZ

This home is located at 48 E 6th Ave, Mesa, AZ 85210 since 24 October 2023 and is currently estimated at $477,062, approximately $182 per square foot. This property was built in 1960. 48 E 6th Ave is a home located in Maricopa County with nearby schools including Lincoln Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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