505 N Williams Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated payment $6,457/month
Highlights
- Central Heating and Cooling System
- Franklin at Brimhall Elementary School Rated A
- Carpet
About This Home
We are excited to offer Eight on Williams in Mesa, the most affordably priced multifamily asset of it's class. This property is an excellent unit mix all two bedroom one bath units. This property has had paint, and a newer roof on the back building in recent years. Some units have granite counter tops updated kitchens flooring The garden style building in back has private yards. All units have covered parking. Some units have washer hook ups as well. This is an excellent rental property in Current rents are averaging 1200 a piece with room to raise. Pro-forma numbers provided as well as current rents. All facts and figures are approximate buyer verify MLS information. Drive by only, tenants are unaware of the sale. Property will be shown with an accepted offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,815
Year Built
- Built in 1963
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stone Exterior Construction
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 8 Parking Spaces
- Carport
Utilities
- Central Heating and Cooling System
- Master Water Meter
Listing and Financial Details
- Tax Lot 49
- Assessor Parcel Number 137-37-049
Community Details
Overview
- 4 Buildings
- 8 Units
- Building Dimensions are IRR
- Ko Ko Palms 2 Lots 34 76 Subdivision
Building Details
- Operating Expense $26,831
- Gross Income $109,440
- Net Operating Income $88,369
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,825 | $18,494 | -- | -- |
| 2024 | $1,830 | $17,613 | -- | -- |
| 2023 | $1,830 | $59,560 | $11,910 | $47,650 |
| 2022 | $1,792 | $45,020 | $9,000 | $36,020 |
| 2021 | $1,814 | $36,610 | $7,320 | $29,290 |
| 2020 | $1,791 | $32,400 | $6,480 | $25,920 |
| 2019 | $1,673 | $21,580 | $4,310 | $17,270 |
| 2018 | $1,606 | $18,800 | $3,760 | $15,040 |
| 2017 | $1,558 | $17,330 | $3,460 | $13,870 |
| 2016 | $1,529 | $16,620 | $3,320 | $13,300 |
| 2015 | $1,437 | $17,680 | $3,530 | $14,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/23/2025 10/23/25 | For Sale | $1,200,000 | -10.4% | -- | |
| 08/05/2021 08/05/21 | Sold | $1,340,000 | -0.7% | $1,489 / Sq Ft | View Prior Sale |
| 07/16/2021 07/16/21 | For Sale | $1,350,000 | 0.0% | $1,500 / Sq Ft | |
| 07/16/2021 07/16/21 | Price Changed | $1,350,000 | 0.0% | $1,500 / Sq Ft | |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- | |
| 04/26/2021 04/26/21 | Price Changed | $1,350,000 | +3.8% | $1,500 / Sq Ft | |
| 04/07/2021 04/07/21 | For Sale | $1,300,000 | -- | $1,444 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,340,000 | Fidelity National Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $640,000 | Capital Title Agency Inc | |
| Cash Sale Deed | $150,000 | Capital Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $930,000 | New Conventional | |
| Previous Owner | $449,250 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6937947
APN: 137-37-049
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.
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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