$340,000
SOLD AUG 15, 2025
-- Bed
-- Bath
1,736 Sq Ft
1957 Built

Recently Sold

$196 Per Sq Ft

28% Below List Price

66 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • 2-minute walk to Eagles Park
  • Franklin at Brimhall Elementary School Rated A
  • Heat Pump System

About This Home

As of August 2025

BRING US AN OFFER!! Great investment property with 2 rental units. Listed as a triplex, but a studio on site was added to a one bedroom one bathroom unit creating a larger 2 bedroom 2 bathroom unit with large yard. Great location near public transportation and schools. New Roof IN 2021. Near downtown Mesa - EACH UNIT RENTS FOR $1575. VERY FEW REPAIRS EVER NEEDED ON THIS PROPERTY. TRULLY A CASH FLOWING PROPERTY!! BRING US AN OFFER!!

Last Agent to Sell the Property

Brickman Allen

Tradelands Realty License #SA586174000 Listed on: 05/20/2025

Co-Listed By

Jake Allen

Tradelands Realty License #SA569290000

Last Buyer's Agent

Jonathan Gray

West USA Realty License #SA626550000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $824

Year Built

  • Built in 1957

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Lowell Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 035
  • Assessor Parcel Number 138-29-035-F

Community Details

Overview

  • 2 Units
  • Building Dimensions are 108 x 60

Building Details

  • Operating Expense $8,649
  • Gross Income $37,800
  • Net Operating Income $29,151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$824

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Broadway and Stapley
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2024
  • Directions: West to Horne, North to 3rd Ave, West to property on North side of road.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: trdl01
  • Co List Office Phone: 480-610-6833
  • Tax Parcel Letter: F
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Free-Standing Range, Disposal, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: 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: 2.0
  • Parking Features: Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Lowell Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 108 x 60
  • Additional Parcels: No
  • Parcel #: 138-29-035-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 37800.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 29151.0
  • Annual Operating Expense: 8649.0

Tax Info

  • Tax Annual Amount: 824.0
  • Tax Book Number: 138.00
  • Tax Lot: 035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2025
Closed on
Aug 12, 2025
Sold by
Ferguson Wade Clarke and Ferguson Lanell T
Bought by
Gray Investments Llc
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Jonathan Gray
West USA Realty
List Price
$475,000
Sold Price
$340,000
Premium/Discount to List
-$135,000
-28.42%
Views
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
87.99%

Purchase Details

Closed on
Jan 30, 2003
Sold by
Ferguson Sybil
Bought by
Ferguson Sybil and Ferguson Roger
Source: Public Records

Range of Values:

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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 $340,000 Wfg National Title Insurance C
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2025 08/15/25 Sold $340,000 -5.5% $196 / Sq Ft
07/25/2025 07/25/25 Pending -- -- --
07/23/2025 07/23/25 Price Changed $359,900 -2.7% $207 / Sq Ft
07/18/2025 07/18/25 Price Changed $369,900 -3.9% $213 / Sq Ft
07/17/2025 07/17/25 Price Changed $384,900 -3.8% $222 / Sq Ft
06/18/2025 06/18/25 Price Changed $399,900 -9.1% $230 / Sq Ft
06/07/2025 06/07/25 Price Changed $439,900 -2.2% $253 / Sq Ft
06/03/2025 06/03/25 Price Changed $449,900 -2.2% $259 / Sq Ft
05/24/2025 05/24/25 Price Changed $459,900 -3.2% $265 / Sq Ft
05/20/2025 05/20/25 For Sale $475,000 -- $274 / 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 $824 $8,391 -- --
2024 $830 $7,991 -- --
2023 $830 $27,470 $5,490 $21,980
2022 $813 $20,770 $4,150 $16,620
2021 $823 $20,170 $4,030 $16,140
2020 $812 $18,410 $3,680 $14,730
2019 $759 $13,500 $2,700 $10,800
2018 $728 $12,030 $2,400 $9,630
2017 $707 $9,810 $1,960 $7,850
2016 $694 $8,870 $1,770 $7,100
2015 $652 $7,880 $1,570 $6,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6868946

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-035F