$845,000
SOLD APR 15, 2025

5950 E Norland St Mesa, AZ 85215

-- Bed
-- Bath
3,234 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

1 Day on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating Available
  • Bush Elementary School Rated A-
  • Ceiling Fan

About This Home

As of April 2025

Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28

Last Agent to Sell the Property

Robert Harris

Realty ONE Group License #SA677235000 Listed on: 03/18/2025

Last Buyer's Agent

Fredy Pimentel

Top Rock Realty License #SA711182000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport
  • Free Parking

Schools

  • Bush Elementary
  • Red Mountain High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 141-80-388

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0
  • Loma Vista Subdivision

Building Details

  • Operating Expense $2,382
  • Gross Income $55,320
  • Net Operating Income $53,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Mcdowell RD & Recker RD
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s)
  • Subdivision Name: LOMA VISTA
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Dishwasher, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, Carport
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Schools

  • Elementary School: Bush Elementary
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Bush Elementary

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 141-80-388

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 55320.0
  • Property Net Operating Income: 53040.0
  • Annual Operating Expense: 2382.0

Tax Info

  • Tax Annual Amount: 2382.0
  • Tax Book Number: 141.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Ferrara Anthony M
Bought by
One 2 Properties Llc
Current Estimated Value
$847,610

Purchase Details

Closed on
May 25, 2022
Sold by
Ferrara Anthony M
Bought by
One 2 Properties Llc

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 18, 2021
Sold by
Api 1 Llc
Bought by
Ferrara Anthony M
Seller's Agent
Alan Robinson
US Investment Realty, LLC
Buyer's Agent
Robert Harris
Realty ONE Group
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$547,500
Interest Rate
2.99%

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 10, 2021
Sold by
Ferrara Natasha Anna and Ferrara Anthony M
Bought by
Ferrara Anthony M
Seller's Agent
Alan Robinson
US Investment Realty, LLC
Buyer's Agent
Robert Harris
Realty ONE Group
List Price
$749,000
Sold Price
$749,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
2.99%

Purchase Details

Closed on
Jul 14, 2021
Sold by
Kopec Anna
Bought by
Api1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,250
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2002
Sold by
Kopec Stanislaw
Bought by
Kopec Anna

Purchase Details

Closed on
Jan 30, 2001
Sold by
Mills Dean L and Mills Dean Leon
Bought by
Kopec Stanislaw and Kopec Anna

Purchase Details

Closed on
Sep 25, 1998
Sold by
Jericho Londa Lee and Jericho Londa L
Bought by
Mills Dean L and Mills Dean Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 1998
Sold by
Jericho Londa Lee
Bought by
Brown Dolores Joan

Purchase Details

Closed on
Jul 1, 1998
Sold by
Brown Dolores Joan
Bought by
Jericho Londa Lee

Purchase Details

Closed on
Mar 25, 1997
Sold by
Doud Robert G and Doud Diane G
Bought by
Jericho Londa Lee and Rasmussen Timothy Nels

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,319
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Hansen Law Office
Warranty Deed -- Hansen Law Office
Warranty Deed $749,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- Chicago Title Agency Inc
Warranty Deed $650,000 Fidelity Natl Ttl Agcy Inc
Interfamily Deed Transfer -- --
Warranty Deed $198,500 First American Title
Warranty Deed $163,000 Chicago Title Insurance Co
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $148,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $547,500 No Value Available
Previous Owner $547,500 New Conventional
Previous Owner $1,136,250 Commercial
Previous Owner $228,000 New Conventional
Previous Owner $148,000 Unknown
Previous Owner $150,000 New Conventional
Previous Owner $146,319 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $845,000 0.0% $261 / Sq Ft
03/18/2025 03/18/25 For Sale $845,000 +12.8% $261 / Sq Ft
11/19/2021 11/19/21 Sold $749,000 0.0% $232 / Sq Ft
09/18/2021 09/18/21 For Sale $749,000 -- $232 / 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 $2,382 $24,270 -- --
2024 $2,402 $23,114 -- --
2023 $2,402 $61,530 $12,300 $49,230
2022 $2,352 $41,100 $8,220 $32,880
2021 $2,381 $37,410 $7,480 $29,930
2020 $2,350 $33,070 $6,610 $26,460
2019 $2,195 $26,570 $5,310 $21,260
2018 $2,107 $25,310 $5,060 $20,250
2017 $2,044 $21,030 $4,200 $16,830
2016 $2,006 $20,200 $4,040 $16,160
2015 $1,886 $18,420 $3,680 $14,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6837107

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-80-388