NOT LISTED FOR SALE

Estimated Value: $607,165 - $816,000

8 Beds
-- Bath
3,160 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2020

Last sale price $452,500 $143 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,815 / mo

16 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of August 2020

Here's the 4plex you've been looking for! Fantastic income producing property for sale with long term tenants in place. Rents have been adjusted regularly but there may be room for further adjustments. Large lot with plenty of room for tenants to park cars & even work trucks with trailers! Walking distance to Downtown Mesa, A's spring training facility, light rail, & the new ASU @ City Center! Each unit has it's own private gate courtyard, 2 spacious bedrooms, & one bath. Well maintained with up to date service records kept by the seller. On sight coin laundry produces an avg of $350 p/m with room for possible expansion. High demand area w/ lots of employment & new commercial development nearby. Drive by only, please do not disturb tenants. Showings will be allowed with accepted contract

Last Agent to Sell the Property

Aaron Carlson

Real Broker License #SA646404000 Listed on: 05/19/2020

Real Broker

Last Buyer's Agent

Tyler Williams

M&B Realty License #SA686872000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,416

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • Carport

Schools

  • Eisenhower Center For Innovation Elementary School
  • Powell Junior High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, electricity
  • Tax Lot 9
  • Assessor Parcel Number 137-24-070

Community Details

Overview

  • 4 Units
  • Building Dimensions are 13912 SQ FT
  • Kent Manor Subdivision

Building Details

  • Operating Expense $10,266
  • Gross Income $42,600
  • Net Operating Income $33,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,416

Year Built

Built in 1963

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: UNIVERSITY & CENTER STREET
  • Property Type: Multiple Dwellings
  • Zoning: MULTI FAMILY
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: KENT MANOR
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: City Electric
  • Sale Includes:Sale Includes: Building(s) Only
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Disposal

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • Parking Features:Parking Features: Carport, <1 Space Per Unit

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 1600.0
  • Annual Water Sewer Expense: 3300.0

Schools

  • Elementary School: Eisenhower Center For Innovation
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Powell Junior High School

Lot Info

  • Lot Size: 13912 SQ FT
  • Additional Parcels: No
  • Parcel #: 137-24-070

Multi Family

  • Owner Pays: Water, Electricity
  • Tenant Pays: Gas
  • Number Of Units Total: 4
  • Electric Expense: 1600.0
  • Annual Gross Income: 42600.0
  • Insurance Expense: 2350.0
  • Property Net Operating Income: 33750.0
  • Annual Operating Expense: 10266.0

Tax Info

  • Tax Annual Amount: 1416.0
  • Tax Book Number: 137.0
  • Tax Lot: 9

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
May 19, 2020
Closed on
Aug 11, 2020
Sold by
Bought by
Seller's Agent
Aaron Carlson
Real Broker
Buyer's Agent
Tyler Williams
M&B Realty
List Price
$465,000
Sold Price
$452,500
Premium/Discount to List
-$12,500
-2.69%
Current Estimated Value
$678,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,041
Avg. Annual Appreciation
7.05%
Original Mortgage
$337,500
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2020
Closed on
Aug 6, 2020
Sold by
Bought by
Seller's Agent
Aaron Carlson
Real Broker
Buyer's Agent
Tyler Williams
M&B Realty
List Price
$465,000
Sold Price
$452,500
Premium/Discount to List
-$12,500
-2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
0.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2019
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
$249,900
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2017
Closed on
Nov 7, 2017
Sold by
Bought by
Seller's Agent
Raul Palacio
1st Dream Realty
Buyer's Agent
Jill Scott
ProSmart Realty
List Price
$309,900
Sold Price
$296,000
Premium/Discount to List
-$13,900
-4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$196,000
Interest Rate
0.0383%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2017
Closed on
Nov 1, 2017
Sold by
Bought by
Seller's Agent
Raul Palacio
1st Dream Realty
Buyer's Agent
Jill Scott
ProSmart Realty
List Price
$309,900
Sold Price
$296,000
Premium/Discount to List
-$13,900
-4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
0.0383%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2016
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
$170,000
Interest Rate
0.0394%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2003
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
$162,000
Interest Rate
0.0614%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2003
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
$151,500
Interest Rate
0.0578%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2002
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
$148,500
Interest Rate
0.0629%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1996
Sold by
Bought by

Purchase Details

Closed on
May 3, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 1975
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 1973
Sold by
Bought by
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
-- Clear Title Agency Of Arizon
$452,500 Clear Title Agency Of Az
-- Pioneer Title Agency Inc
-- Driggs Title Agency Inc
$296,000 Driggs Title Agency Inc
-- Old Republic Title Agency
-- Old Republic Title Agency
-- None Available
-- None Available
$202,500 Grand Canyon Title Agency In
-- Grand Canyon Title Agency In
-- --
$165,000 Lawyers Title Of Arizona Inc
$376,000 Chicago Title Insurance Co
$355,000 Chicago Title Insurance Co
-- Transamerica Title Insurance
-- Transamerica Title Insurance
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 $337,500
Previous Owner $249,900
Previous Owner $196,000
Previous Owner $170,000
Previous Owner $167,500
Previous Owner $162,000
Previous Owner $151,500
Previous Owner $148,500
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 Prior Sale
08/07/2020 08/07/20 Sold $452,500 +0.6% $143 / Sq Ft
06/24/2020 06/24/20 Price Changed $450,000 -3.2% $142 / Sq Ft
06/16/2020 06/16/20 For Sale $465,000 0.0% $147 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $465,000 +57.1% $147 / Sq Ft
10/26/2017 10/26/17 Sold $296,000 -1.3% $94 / Sq Ft View Prior Sale
09/01/2017 09/01/17 Price Changed $299,900 -3.2% $95 / Sq Ft
08/23/2017 08/23/17 For Sale $309,900 -- $98 / 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 $1,544 $15,650
2024 $1,549 $14,904
2023 $1,549 $52,610 $10,520 $42,090
2022 $1,517 $39,000 $7,800 $31,200
2021 $1,535 $32,580 $6,510 $26,070
2020 $1,515 $28,810 $5,760 $23,050
2019 $1,416 $23,970 $4,790 $19,180
2018 $1,359 $21,350 $4,270 $17,080
2017 $1,318 $18,120 $3,620 $14,500
2016 $1,294 $17,400 $3,480 $13,920
2015 $1,216 $15,470 $3,090 $12,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6082887

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-24-070

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