$932,700
SOLD MAY 27, 2025
-- Bed
-- Bath
3,220 Sq Ft
1986 Built

Recently Sold

$290 Per Sq Ft

2% Below List Price

24 Days on Market

Highlights

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

About This Home

As of May 2025

VA ASSUMABLE LOAN AT 4.25% Beautifully Remodeled Multi-Family Tri-Plex Investment Property in East Mesa! This fully occupied property has been updated to enhance both value and appeal. Each of the three spacious 3-bedroom, 2-bath units features modern upgrades, including stainless steel appliances, individual laundry rooms, and private fenced backyards. Additional amenities include attached storage rooms, individually metered water and electric, and two assigned covered parking spaces per unit. Conveniently located within walking distance to public transportation, with easy access to shopping, dining, and major freeways. A prime investment opportunity with strong rental income. Recent upgrades include, paint, flooring, ceiling fans, kitchen lighting & backsplash, closets, baseboards ect! Also a new shower in unit 2 and backyard in unit 3 was redone with turf

Last Agent to Sell the Property

Mike Ratzken

Two Brothers Realty & Co License #BR636869000 Listed on: 04/01/2025

Last Buyer's Agent

Michael Fingleton

HomeSmart License #SA681548000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Mendoza Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for landscaping
  • Tax Lot 6
  • Assessor Parcel Number 141-84-317

Community Details

Overview

  • 3 Units
  • Building Dimensions are 89x110
  • Manor View Subdivision

Building Details

  • Operating Expense $7,024
  • Gross Income $69,848
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,624

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Brown Rd and Recker Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: MANOR VIEW
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved, Assigned, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

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

Lot Info

  • Lot Size: 89x110
  • Additional Parcels: No
  • Parcel #: 141-84-317

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 69847.8
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 65000.0
  • Annual Operating Expense: 7024.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1624.0
  • Tax Book Number: 141.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
May 23, 2022
Sold by
Alonso Steven V and Revoca Angela
Bought by
Browning Shani
Seller's Agent
Glenn Loper
HomeSmart
Buyer's Agent
Mike Ratzken
Two Brothers Realty & Co
List Price
$820,000
Sold Price
$835,000
Premium/Discount to List
$15,000
1.83%
Current Estimated Value
$917,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,725
Avg. Annual Appreciation
2.75%
Original Mortgage
$835,000
Outstanding Balance
$797,744
Interest Rate
5.25%
Mortgage Type
VA
Estimated Equity
$119,981

Purchase Details

Closed on
Jul 7, 2020
Sold by
Roberts Jon T
Bought by
Alonso Steven V and Pope Angela S

Purchase Details

Closed on
Sep 29, 2015
Sold by
Pope Angela S
Bought by
Alonso Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
May 5, 2015
Closed on
Jul 6, 2015
Sold by
Fannie Mae
Bought by
Roberts Jon T and Alonso Steven
Seller's Agent
Doug Hill
Coldwell Banker Realty
Buyer's Agent
Glenn Loper
HomeSmart
List Price
$214,900
Sold Price
$220,000
Premium/Discount to List
$5,100
2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.72%
Original Mortgage
$180,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2015
Sold by
Miranda Imelda V and Miranda Joe O
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 21, 2005
Sold by
Fitzgerald James P and Fitzgerald Catherine D
Bought by
Miranda Joe O and Miranda Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2004
Sold by
Fitzgerald James P
Bought by
Fitzgerald James P and Fitzgerald Catherine D

Purchase Details

Closed on
Apr 21, 2004
Sold by
Bowden John M and Bowden Mary Sue
Bought by
Fitzgerald James P

Purchase Details

Closed on
Nov 21, 1994
Sold by
Swenson James E and Swenson Averill Lee
Bought by
Bowden John and Bowden Mary Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,384
Interest Rate
9.25%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $835,000 Old Republic Title
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- Dhi Title Agency
Special Warranty Deed $220,000 Lawyers Title Of Arizona Inc
Trustee Deed $445,857 None Available
Warranty Deed $415,000 Guaranty Title Agency
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $265,000 Equity Title Agency Inc
Warranty Deed $121,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $835,000 VA
Previous Owner $180,000 Future Advance Clause Open End Mortgage
Previous Owner $180,000 New Conventional
Previous Owner $332,000 New Conventional
Previous Owner $185,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $26,384 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2025 05/27/25 Sold $932,700 -1.8% $290 / Sq Ft
04/01/2025 04/01/25 For Sale $949,900 +13.8% $295 / Sq Ft
06/06/2022 06/06/22 Sold $835,000 +1.8% $259 / Sq Ft View Prior Sale
06/01/2022 06/01/22 For Sale $820,000 0.0% $255 / Sq Ft
06/01/2022 06/01/22 Price Changed $820,000 0.0% $255 / Sq Ft
04/28/2022 04/28/22 For Sale $820,000 +272.7% $255 / Sq Ft
07/07/2015 07/07/15 Sold $220,000 +2.4% $68 / Sq Ft View Prior Sale
05/27/2015 05/27/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $214,900 -- $67 / 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 $1,632 $16,545 -- --
2024 $1,637 $15,758 -- --
2023 $1,637 $54,410 $10,880 $43,530
2022 $1,604 $39,470 $7,890 $31,580
2021 $1,623 $35,420 $7,080 $28,340
2020 $1,602 $32,310 $6,460 $25,850
2019 $1,497 $28,580 $5,710 $22,870
2018 $1,437 $26,300 $5,260 $21,040
2017 $1,394 $17,710 $3,540 $14,170
2016 $1,368 $17,270 $3,450 $13,820
2015 $1,286 $16,450 $3,290 $13,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6844178

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-317