$550,000
PENDING

Estimated payment $3,008/month

Total Views 713
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

Fantastic investment opportunity in the heart of Mesa! This well-maintained 4-plex features all 1-bedroom, 1-bath units with tenants currently on month-to-month leases giving a new owner flexibility for future rent adjustments or occupancy. Each unit has tile flooring throughout, no HOA.
New roof was installed in 2022 for added peace of mind. Building also includes a laundry room with hookups only (no washer/dryer installed). Currently rents are below market value, leaving great potential for increased cash flow.
Conveniently located near shopping, dining and freeway access, this property is ideal for investors looking to grow their portfolio.

Listing Agent

Elvia Pantoja

Real Broker License #SA701491000 Listed on: 08/28/2025

Real Broker

Co-Listing Agent

Shauna Slevin

Real Broker License #SA665208000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,099

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport

Additional Features

  • Ceramic Tile Flooring
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 139-26-053-J

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7632

Building Details

  • Operating Expense $1,099
  • Gross Income $31,824
  • Net Operating Income $14,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,099

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Broadway Rd. & Horne Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2024
  • Directions: From Broadway Rd & Horne, go south on Horne. Turn right on Bellview St. property is on the right.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: realbr004
  • Co List Office Phone: 602-345-1771
  • Tax Parcel Letter: J
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: <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: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 7632
  • Additional Parcels: No
  • Parcel #: 139-26-053-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 31824.0
  • Property Net Operating Income: 14500.0
  • Annual Operating Expense: 1099.0

Tax Info

  • Tax Annual Amount: 1099.0
  • Tax Book Number: 139.00
  • Tax Lot: 17

Map

Range of Values:

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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 $1,099 $11,194 -- --
2024 $1,108 $10,661 -- --
2023 $1,108 $37,970 $7,590 $30,380
2022 $1,085 $25,950 $5,190 $20,760
2021 $1,098 $20,710 $4,140 $16,570
2020 $1,084 $18,320 $3,660 $14,660
2019 $1,013 $14,710 $2,940 $11,770
2018 $972 $12,070 $2,410 $9,660
2017 $943 $11,970 $2,390 $9,580
2016 $925 $10,950 $2,190 $8,760
2015 $870 $9,870 $1,970 $7,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Pending -- -- --
08/28/2025 08/28/25 For Sale $550,000 +231.3% --
07/13/2015 07/13/15 Sold $166,000 -1.8% $80 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
01/14/2015 01/14/15 For Sale $169,000 +27.1% $81 / Sq Ft
05/24/2013 05/24/13 Sold $133,000 -1.5% $64 / Sq Ft
05/06/2013 05/06/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $135,000 -- $65 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $162,000 Security Title Agency Inc
Cash Sale Deed $133,000 Chicago Title Agency Inc
Special Warranty Deed -- None Available
Cash Sale Deed $54,000 Chicago Title Agency Inc
Joint Tenancy Deed $224,900 Capital Title Agency Inc
Warranty Deed $210,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Warranty Deed $178,400 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $159,065 FHA
Previous Owner $179,900 Purchase Money Mortgage
Previous Owner $189,000 Purchase Money Mortgage
Previous Owner $189,000 Purchase Money Mortgage
Closed $22,400 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6911930

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-26-053J