NOT LISTED FOR SALE

6140 E Greenway St Mesa, AZ 85205

Central Mesa East Neighborhood

Estimated Value: $823,832 - $1,380,000

Studio
-- Bath
4,312 Sq Ft
$240/Sq Ft Est. Value

Last Sold November 17, 2015

Last sale price $399,900 $93 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $5,622/month

62 Days on Market

Highlights

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

About This Home

As of November 2015

Desirable 3 bedroom/2 bath Fourplex in a prime Northeast Mesa area! Units are approximately 1078 sq feet. Tenants pay 100% of utility bills including WATER (which saves at least $3,000/year in expenses). Extremely limited availability for this type of property. Rents are below market at under $.70/sf offering an excellent value-add opportunity. Seller has not increased rent in years and self-manages from out-of-state. Buyer understands expenses are in part estimated, and may not be exact. Buyer to rely on own due diligence efforts.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 07/30/2015

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Denise Hurd

RE/MAX Alliance Group License #SA044656000

RE/MAX Alliance Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,227

Year Built

  • Built in 1986

Lot Details

  • 10,280

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, water, sewer, cable TV
  • Tax Lot 22
  • Assessor Parcel Number 141-84-333

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10,795 sq ft/.24 acres
  • Manor View Lot 1 38 Subdivision

Building Details

  • Operating Expense $9,837
  • Gross Income $34,533
  • Net Operating Income $26,933

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,227

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Recker and Brown
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2410.0
  • Subdivision Name: MANOR VIEW LOT 1-38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Paved Parking, Free, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: 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:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 10,795 sq ft/.24 acres
  • Additional Parcels: No
  • Parcel #: 141-84-333

Multi Family

  • Owner Pays: None
  • Tenant Pays: Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 34532.5
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 26933.0
  • Annual Operating Expense: 9837.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2227.0
  • Tax Book Number: 141.00
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2016
Sold by
Arc Az Holdings Llc
Bought by
Greenway Street Property Llc
Current Estimated Value
$1,033,208

Purchase Details

Listed on
Jul 30, 2015
Closed on
Oct 8, 2015
Sold by
Macalalad Perla
Bought by
Arc Az Holdings Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Denise Hurd
RE/MAX Alliance Group
List Price
$399,000
Sold Price
$399,900
Premium/Discount to List
$900
0.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%

Purchase Details

Closed on
Nov 5, 2003
Sold by
Mcentire Kim W
Bought by
Macalalad Ben and Macalalad Perla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,400
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2003
Sold by
Mcentire Heidi L
Bought by
Mcentire Kim W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2003
Sold by
Millett Donald G
Bought by
Mcentire Kim W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Greenway Street Property Llc -- None Available
Arc Az Holdings Llc $399,900 American Title Svc Agency Ll
Macalalad Ben $350,500 Equity Title Agency Inc
Mcentire Kim W -- Lawyers Title Insurance Corp
Mcentire Kim W $332,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macalalad Ben $280,400
Previous Owner Mcentire Kim W $300,000
Previous Owner Mcentire Kim W $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2015 11/17/15 Sold $399,900 +0.2% $93 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $399,000 -- $93 / 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 $2,626 $26,613 -- --
2024 $2,634 $25,346 -- --
2023 $2,634 $75,630 $15,120 $60,510
2022 $2,579 $53,700 $10,740 $42,960
2021 $2,611 $46,700 $9,340 $37,360
2020 $2,577 $41,680 $8,330 $33,350
2019 $2,407 $36,570 $7,310 $29,260
2018 $2,311 $33,710 $6,740 $26,970
2017 $2,242 $23,460 $4,690 $18,770
2016 $2,200 $23,080 $4,610 $18,470
2015 $2,068 $22,480 $4,490 $17,990
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    50 Total Sales

    James Stephens
    Section Image
  • Denise Hurd

    Buyer's Agent in 2015

    Denise Hurd

    RE/MAX

    (480) 980-4400

    25 Total Sales

    Denise Hurd
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5317722

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-333

Arizona Maricopa County Mesa 85205 Central Mesa East

6140 E Greenway St, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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