NOT LISTED FOR SALE
2 Beds
1 Bath
3,201 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: February 7, 2014

Last sale price $520,000 $162 Per Sq Ft

149 Days on Market

Highlights

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

About This Home

As of February 2014

Centrally Located and Well-maintained 11- apartment complex on three parcels, two 4-plexes and one triplex. Professionally managed and consistently rented to quality tenants. All are large, two-bedroom units (800 square feet). Electricity Separately metered.
**do not disturb tenants**

Last Agent to Sell the Property

George Bliss

ProSmart Realty License #SA110285000 Listed on: 07/23/2013

ProSmart Realty

Co-Listed By

Melody Bramer

Keller Williams Integrity First License #SA526989000

Last Buyer's Agent

Allen Blanchard

West USA Realty License #BR003629000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,662

Year Built

  • Built in 1983

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 17 Parking Spaces
  • 11 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 23
  • Assessor Parcel Number 137-13-099-E

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are irregular
  • Green Acres Re Platted Subdivision

Building Details

  • Operating Expense $20,322
  • Gross Income $60,734
  • Net Operating Income $48,674

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,662

Year Built

Built in 1983

Lot Details

0.28 Acres

Listing Details

  • Cross Street: University & Horne
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 5600.0
  • Co List Office Mls Id: kwif01
  • Co List Office Phone: 480-854-2400
  • Subdivision Name: Green Acres Re-platted
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 17.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 17.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • 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
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7500.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: Yes
  • Parcel #: 137-13-099-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 11
  • Annual Gross Income: 60733.5
  • Insurance Expense: 1900.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 48674.0
  • Annual Operating Expense: 20322.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2662.0
  • Tax Book Number: 137.00
  • Tax Lot: 23

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
Mar 16, 2020
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
$650,000
Interest Rate
0.034%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 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
$451,000
Interest Rate
0.044%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
02/07/2014 02/07/14 Sold $520,000 -20.6% $162 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
07/23/2013 07/23/13 For Sale $654,500 -- $204 / 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 $1,766 $17,903 -- --
2024 $1,772 $17,051 -- --
2023 $1,772 $59,350 $11,870 $47,480
2022 $1,735 $45,400 $9,080 $36,320
2021 $1,756 $36,920 $7,380 $29,540
2020 $1,733 $33,180 $6,630 $26,550
2019 $1,620 $27,960 $5,590 $22,370
2018 $1,554 $25,320 $5,060 $20,260
2017 $1,508 $21,800 $4,360 $17,440
2016 $1,480 $20,760 $4,150 $16,610
2015 $1,391 $17,580 $3,510 $14,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4972221

Arizona Regional Multiple Listing Service (ARMLS)
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