NOT LISTED FOR SALE
1 Bed
1 Bath
-- Sq Ft
1950 Built

Sale Details

Date Sold: August 22, 2022

Last sale price $950,000

222 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of August 2022

Now Updated! Fantastic Opportunity to Own 8 Units in East Mesa. This is Cash Flowing Asset with the Opportunity to Renovate One Down unit and Raise Rents. This property consists of two 1 bedroom units and Six Studio units. This is a stable apartment with tons of upside. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Kelly Rojas

My Home Group Real Estate License #SA660297000 Listed on: 11/26/2021

Last Buyer's Agent

Adam Dresher

Joseph Bernard Investment RE License #SA684630000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Master Meter

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 6 / 17
  • Assessor Parcel Number 141-58-168

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 60x160
  • Desert Wells Amd Subdivision

Building Details

  • Operating Expense $19,067
  • Gross Income $72,926
  • Net Operating Income $53,858

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,450

Year Built

Built in 1950

Listing Details

  • Cross Street: Power and Main
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: LC
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Subdivision Name: DESERT WELLS AMD
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: SRP, Master Meter
  • Cooling: Window/Wall Unit
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Electric Master Meter: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Other

Fee Information

  • Annual Water Sewer Expense: 4530.41

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 60x160
  • Additional Parcels: No
  • Parcel #: 141-58-168

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 8
  • Electric Expense: 8413.6
  • Annual Gross Income: 72925.8
  • Insurance Expense: 3323.0
  • Maintenance Expense: 450.0
  • Property Net Operating Income: 53858.0
  • Annual Operating Expense: 19067.01
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1450.0
  • Tax Block: 17
  • Tax Book Number: 141.00
  • Tax Lot: 6

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Aug 22, 2022
Sold by
Bought by
Seller's Agent
Kelly Rojas
My Home Group Real Estate
Buyer's Agent
Adam Dresher
Joseph Bernard Investment RE
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
0.053%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
0.0379%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2005
Sold by
Bought by

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
0.0635%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
0.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 24, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1976
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$950,000 American Title Services
$250,000 Great Amer Title Agency Inc
-- The Talon Group
-- --
$237,500 Ticor Title Agency Of Az Inc
-- Capital Title Agency Inc
$163,000 Capital Title Agency Inc
-- Security Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $665,000
Previous Owner $330,000
Previous Owner $280,000
Previous Owner $300,000
Previous Owner $35,000
Previous Owner $190,000
Previous Owner $750,000
Previous Owner $300,000
Previous Owner $88,000
Previous Owner $220,500
Previous Owner $146,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2022 08/22/22 Sold $950,000 -2.6% --
06/30/2022 06/30/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $975,000 +2.6% --
05/04/2022 05/04/22 Off Market $950,000 -- --
02/17/2022 02/17/22 For Sale $975,000 0.0% --
02/07/2022 02/07/22 Pending -- -- --
01/15/2022 01/15/22 Price Changed $975,000 -2.5% --
11/20/2021 11/20/21 For Sale $1,000,000 0.0% --
03/28/2018 03/28/18 Rented $625 0.0% --
03/27/2018 03/27/18 Off Market $625 -- --
03/15/2018 03/15/18 For Rent $625 0.0% --
12/20/2017 12/20/17 Rented $625 0.0% --
12/17/2017 12/17/17 Under Contract -- -- --
10/23/2017 10/23/17 For Rent $625 0.0% --
09/09/2017 09/09/17 Off Market $625 -- --
08/31/2017 08/31/17 Sold $385,000 0.0% -- View Prior Sale
08/21/2017 08/21/17 Price Changed $625 0.0% $2 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
08/16/2017 08/16/17 For Rent $595 0.0% --
08/16/2017 08/16/17 For Sale $399,900 +3.9% --
03/31/2017 03/31/17 Sold $385,000 0.0% -- View Prior Sale
03/13/2017 03/13/17 Price Changed $385,000 0.0% --
03/12/2017 03/12/17 Pending -- -- --
12/22/2016 12/22/16 Price Changed $385,000 -1.3% --
11/28/2016 11/28/16 Price Changed $390,000 -2.3% --
09/21/2016 09/21/16 Price Changed $399,000 -2.7% --
08/23/2016 08/23/16 Price Changed $410,000 -2.4% --
08/09/2016 08/09/16 Price Changed $420,000 -1.2% --
07/14/2016 07/14/16 For Sale $425,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,478 $14,978
2024 $1,482 $14,265
2023 $1,482 $52,460 $10,490 $41,970
2022 $1,452 $38,560 $7,710 $30,850
2021 $1,469 $32,510 $6,500 $26,010
2020 $1,450 $29,200 $5,840 $23,360
2019 $1,355 $24,760 $4,950 $19,810
2018 $1,300 $21,760 $4,350 $17,410
2017 $1,262 $20,510 $4,100 $16,410
2016 $1,238 $17,150 $3,430 $13,720
2015 $1,164 $15,070 $3,010 $12,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6323917

Arizona Regional Multiple Listing Service (ARMLS)
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