$140,000
SOLD APR 22, 2013

740 E 3rd Ave Unit 111 Mesa, AZ 85204

Temple Neighborhood
-- Bed
-- Bath
750 Sq Ft
1985 Built

Recently Sold

$187 Per Sq Ft

6% Below List Price

156 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 3-minute walk to Eagles Park
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2013

Good Cash Flow, 100% Occupied, Easykeeper
This property includes unit numbers 111, 112, 211 & 212. All large 2 bedroom units. Close to Schools and downtown Mesa. All facts and figures approximate, buyer to verify to their satisfaction. This is not a Short Sale or REO

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 11/02/2012

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Tammy Medigovich

Good Oak Real Estate License #BR625515000

Good Oak Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $865

Year Built

  • Built in 1985

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Assessor Parcel Number 138-29-036-M

Community Details

Overview

  • 4 Units
  • Fourplex Subdivision

Building Details

  • Operating Expense $6,565
  • Gross Income $21,600
  • Net Operating Income $15,035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$865

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Horne & 3rd Ave.
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2012
  • Directions: Northwest Corner
  • Road Surface Type: Asphalt
  • Subdivision Name: FOURPLEX
  • Tax Parcel Letter: M
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Additional Parcels: No
  • Parcel #: 138-29-036-M

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 21600.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 15035.0
  • Annual Operating Expense: 6565.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 865.0
  • Tax Book Number: 138.00
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2014 05/01/14 Rented $525 -4.5% --
04/29/2014 04/29/14 Under Contract -- -- --
04/04/2014 04/04/14 For Rent $550 0.0% --
04/22/2013 04/22/13 Sold $140,000 -6.4% $187 / Sq Ft
04/05/2013 04/05/13 Pending -- -- --
10/31/2012 10/31/12 For Sale $149,500 -- $199 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2014

    Valerie Tourangeau

    Keller Williams Realty East Valley

    Section Image

  • N

    Buyer's Agent in 2014

    Nathaniel Bichler

    Keller Williams Realty East Valley

    Section Image
  • Steve Fowler

    Seller's Agent in 2013

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    65 Total Sales

    Steve Fowler
    Section Image
  • Tammy Medigovich

    Buyer's Agent in 2013

    Tammy Medigovich

    Good Oak Real Estate

    (480) 223-2429

    80 Total Sales

    Tammy Medigovich
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4843757

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85204 Temple

740 E 3rd Ave Unit 111, Mesa, AZ

This home is located at 740 E 3rd Ave Unit 111, Mesa, AZ 85204 and is currently priced at $140,000, approximately $186 per square foot. This property was built in 1985. 740 E 3rd Ave Unit 111 is a home located in Maricopa County with nearby schools including Lowell Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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