NOT LISTED FOR SALE

Estimated Value: $576,000 - $727,000

Studio
-- Bath
3,055 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: March 12, 2025

Last sale price $625,000 $205 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,694 / mo

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of March 2025

Excellent investment opportunity in Mesa priced to sell! Huge upside on Month to Month Rents. This FourPlex is solid block construction. EACH UNIT has 2 Bedrooms, 1 Bath, covered carport parking, private side yard, storage room, and washer /dryer hookup. Perfect for investors looking to expand their portfolio or generate steady rental income. ADDITIONAL FOURPLEX - 4 BUILDINGS TO SOUTH FOR SELL - 507 N Hall - same owner. Facts and figures approximate, buyer to verify to their own satisfaction.

Last Agent to Sell the Property

Michael Scow

HomeSmart License #SA009051000 Listed on: 02/10/2025

HomeSmart

Last Buyer's Agent

Jennifer Utter

HomeSmart License #SA647096000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,570

Year Built

  • Built in 1971

Lot Details

  • 0.25

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport

Schools

  • Michael T. Hughes Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 69
  • Assessor Parcel Number 137-37-069-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.25 acres / 10,883 sqft
  • Ko Ko Palms 2 Lots 34 76 Subdivision

Building Details

  • Operating Expense $1,570
  • Gross Income $42,360
  • Net Operating Income $34,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,570

Year Built

Built in 1971

Lot Details

0.25 Acres

Listing Details

  • Cross Street: University/Gilbert
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: KO KO PALMS 2 LOTS 34-76
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, <1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Michael T. Hughes Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: 0.25 acres / 10,883 sqft
  • Additional Parcels: No
  • Parcel #: 137-37-069-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 42360.0
  • Property Net Operating Income: 34253.0
  • Annual Operating Expense: 1570.0

Tax Info

  • Tax Annual Amount: 1570.0
  • Tax Book Number: 137.00
  • Tax Lot: 69

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

Closed on
Aug 28, 2025
Sold by
Bought by
Current Estimated Value
$653,667

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 31, 2025
Sold by
Bought by
Seller's Agent
Michael Scow
HomeSmart
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$620,000
Sold Price
$625,000
Premium/Discount to List
$5,000
0.81%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 3, 2025
Sold by
Bought by
Seller's Agent
Michael Scow
HomeSmart
Buyer's Agent
Jennifer Utter
HomeSmart
List Price
$620,000
Sold Price
$625,000
Premium/Discount to List
$5,000
0.81%
Views
11

Purchase Details

Closed on
Nov 28, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 1994
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1993
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
-- None Listed On Document
$1,260,000 Stewart Title & Trust Of Phoen
$1,250,000 Stewart Title & Trust Of Phoen
-- --
-- Chicago Title Insurance Co
$89,000 Chicago Title Insurance Co
-- Chicago Title Insurance Co
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
03/12/2025 03/12/25 Sold $625,000 +0.8% $205 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $620,000 -- $203 / 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 $1,578 $15,992
2024 $1,583 $15,230
2023 $1,583 $50,750 $10,150 $40,600
2022 $1,550 $38,250 $7,650 $30,600
2021 $1,569 $31,120 $6,220 $24,900
2020 $1,548 $27,750 $5,550 $22,200
2019 $1,447 $18,510 $3,700 $14,810
2018 $1,388 $16,110 $3,220 $12,890
2017 $1,347 $14,960 $2,990 $11,970
2016 $1,322 $14,260 $2,850 $11,410
2015 $1,243 $15,100 $3,020 $12,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6818641

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-37-069A

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