$470,000

Estimated payment $2,494/month

Total Views 4,385
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Central Air
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • ENERGY STAR Qualified Equipment for Heating

About This Home

Excellent investment opportunity in a popular senior retirement community. Phoenix is a top choice for baby boomers, the nation's largest demographic, driving long-term demand in 55+ communities. This well-maintained duplex offers a solid 7.2% CAP rate with future rent growth and value-add potential. Each spacious unit features 2 beds, 2 baths, 954 sq ft, carport parking, and private front & back patios. Major upgrades include a new roof (2022), new AC and water heaters (2024), and new flooring (2024 & 2026). Residents may opt in to enjoy the community's amenities and activities. No HOA for owner. Don't miss this turnkey asset with upside in a high-demand rental market and upside in a desirable Mesa location!

Listing Agent

Iris Wu

Fathom Realty License #SA714665000 Listed on: 02/25/2026

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $961

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Paved Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for water, sewer, trash collection
  • Tax Lot 18
  • Assessor Parcel Number 141-49-059

Community Details

Overview

  • 2 Units
  • Building Dimensions are 90' * 94'
  • Dreamland Villa 14 Subdivision

Building Details

  • Operating Expense $6,408
  • Gross Income $38,304
  • Net Operating Income $34,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$961

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1971
  • Tax Year: 2025
  • Road Surface Type: Concrete
  • Subdivision Name: DREAMLAND VILLA 14
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, W/D Hookup, Free-Standing Electric Oven

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Block, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Carport, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 8.0

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric, ENERGY STAR Qualified Equipment, Ceiling Fan(s)
  • Heating: Electric, Heat Pump, ENERGY STAR Qualified Equipment
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Water Sewer Expense: 1620.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 90' * 94'
  • Additional Parcels: No
  • Parcel #: 141-49-059

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection
  • Tenant Pays: Electricity
  • Number Of Units Total: 2
  • Annual Gross Income: 38304.0
  • Insurance Expense: 1162.0
  • Maintenance Expense: 2665.0
  • Property Net Operating Income: 34018.0
  • Annual Operating Expense: 6408.04

Tax Info

  • Tax Annual Amount: 961.04
  • Tax Lot: 18

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $951 $10,100 -- --
2024 $962 $9,619 -- --
2023 $962 $30,850 $6,170 $24,680
2022 $942 $22,980 $4,590 $18,390
2021 $939 $20,730 $4,140 $16,590
2020 $930 $19,220 $3,840 $15,380
2019 $869 $15,330 $3,060 $12,270
2018 $848 $14,930 $2,980 $11,950
2017 $823 $13,450 $2,690 $10,760
2016 $802 $11,650 $2,330 $9,320
2015 $751 $9,820 $1,960 $7,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2026 02/25/26 For Sale $470,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $210,000 Premier Title Agency
Quit Claim Deed -- Accommodation
Warranty Deed -- Fidelity Title
Warranty Deed $205,000 Fidelity National Title
Joint Tenancy Deed $90,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $164,000 Purchase Money Mortgage
Previous Owner $63,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6989333

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-49-059

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