NOT LISTED FOR SALE

Estimated Value: $340,369 - $475,000

4 Beds
-- Bath
1,560 Sq Ft
$274/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $390,000 $250 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,338/month

28 Days on Market

Highlights

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

About This Home

As of February 2022

Instant cash flow with long term tenants in place. Leases in place until June 2022 at $1050/month per unit. Each unit is 2 bed/1 bath with a newer roof and newer AC units (one unit is brand new) as well as new dual pane windows/sliding glass doors. This area of Mesa is booming right now and rental rates are continuing to increase.

Last Agent to Sell the Property

Bryce Henderson

Equity Arizona Real Estate License #BR645731000 Listed on: 12/15/2021

Last Buyer's Agent

Joshua Click

Keller Williams Integrity First License #SA666245000

Keller Williams Integrity First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $884

Year Built

  • Built in 1985

Lot Details

  • 6,490

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking

Schools

  • Lowell Elementary School
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Tax Lot 24
  • Assessor Parcel Number 139-24-169

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6490
  • Haws Replat Subdivision

Building Details

  • Operating Expense $4,247
  • Gross Income $23,940
  • Net Operating Income $23,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$884

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mesa Dr/Broadway
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: East on Broadway Right (south) on Lesuer Right (west) on Vine Left (south) on Udall home is on west side of Udall (no sign)
  • Road Surface Type: Asphalt
  • Subdivision Name: HAWS REPLAT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • Cooling: Heat Pump
  • 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

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Lowell Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 6490
  • Additional Parcels: No
  • Parcel #: 139-24-169

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 23940.0
  • Insurance Expense: 663.0
  • Property Net Operating Income: 23940.0
  • Annual Operating Expense: 4247.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 884.0
  • Tax Book Number: 139.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2022
Sold by
Orstrom and Sarah
Bought by
Mesa Multifamily I Llc
Current Estimated Value
$426,842

Purchase Details

Listed on
Dec 15, 2021
Closed on
Jan 13, 2022
Sold by
Henderson Bryce A
Bought by
Orstrom Philip and Deutsch Sarah
Seller's Agent
Bryce Henderson
Equity Arizona Real Estate
Buyer's Agent
Joshua Click
Keller Williams Integrity First
List Price
$395,000
Sold Price
$390,000
Premium/Discount to List
-$5,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%
Original Mortgage
$292,500
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2021
Sold by
Bacigalupi Rebecca and Henderson Bryce A
Bought by
Henderson Bryce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
2.8%

Purchase Details

Listed on
Jan 13, 2021
Closed on
May 17, 2021
Sold by
Montanez Luis Carlos and Montanez Lorenza
Bought by
724 Laguna Property Llc
Seller's Agent
Tyler Blair
eXp Realty
Buyer's Agent
Bryce Henderson
Equity Arizona Real Estate
List Price
$320,000
Sold Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$245,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2004
Sold by
Montanez Carlos
Bought by
Montanez Luis Carlos and Montanez Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,200
Interest Rate
6.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2000
Sold by
Welker Paul L and Welker Theresa J
Bought by
Montanez Carlos and Montanez Luis Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,751
Interest Rate
8.53%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Mesa Multifamily I Llc -- Case Darren T
Orstrom Philip $390,000 New Title Company Name
Henderson Bryce A -- Pioneer Title Agency Inc
Henderson Bryce A -- Pioneer Title Agency Inc
724 Laguna Property Llc $320,000 Empire West Title Agency Llc
Montanez Luis Carlos -- --
Montanez Carlos $96,900 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orstrom Philip $292,500
Previous Owner Henderson Bryce A $264,000
Previous Owner 724 Laguna Property Llc $245,000
Previous Owner Montanez Luis Carlos $98,200
Previous Owner Montanez Carlos $96,751
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $390,000 -1.3% $250 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $395,000 +23.4% $253 / Sq Ft
05/20/2021 05/20/21 Sold $320,000 0.0% $205 / Sq Ft
05/20/2021 05/20/21 For Sale $320,000 0.0% $205 / Sq Ft
04/30/2021 04/30/21 Price Changed $320,000 -1.5% $205 / Sq Ft
04/12/2021 04/12/21 Price Changed $324,900 0.0% $208 / Sq Ft
01/21/2021 01/21/21 Price Changed $325,000 -1.5% $208 / Sq Ft
01/13/2021 01/13/21 For Sale $330,000 -- $212 / 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 $896 $9,125 -- --
2024 $903 $8,690 -- --
2023 $903 $30,010 $6,000 $24,010
2022 $884 $21,170 $4,230 $16,940
2021 $895 $17,510 $3,500 $14,010
2020 $884 $15,980 $3,190 $12,790
2019 $825 $12,650 $2,530 $10,120
2018 $792 $11,660 $2,330 $9,330
2017 $769 $10,150 $2,030 $8,120
2016 $754 $9,420 $1,880 $7,540
2015 $709 $8,220 $1,640 $6,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6332411

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-24-169