NOT LISTED FOR SALE

Estimated Value: $473,264 - $767,000

Studio
-- Bath
3,528 Sq Ft
$174/Sq Ft Est. Value

Sale Details

Date Sold: June 8, 2018

Last sale price $283,000 $80 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $3,449 / mo

8 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • 1-minute walk to Eagles Park
  • Franklin at Brimhall Elementary School Rated A
  • Individual Controls for Heating

About This Home

As of June 2018

Great opportunity to purchase 4 Plex in the heart of Mesa. High occupancy; great cash flow and appreciation opportunity!
Same floor plan in 4 units = ease of maintenance and repair. 2 Bed / 1 Bath units. Upgraded with tile & wood laminate floors and granite counter tops in 2010. Efficient and durable block construction. Facilities for coin laundry in building! (complex also has laundry room) Separately metered for electric; City of Mesa water. Covered parking for tenants.
Across the street from new Eagles Park and Community Center and steps to Lowell Elementary School. Walk to light rail! Close to Benedictine College, NAU East Valley, and employment/shopping/entertainment opportunities in downtown Mesa.

Last Agent to Sell the Property

Jacob Beeson

Beehive Property Management, LLC License #BR522792000 Listed on: 04/13/2018

Last Buyer's Agent

Jacob Beeson

Beehive Property Management, LLC License #BR522792000 Listed on: 04/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,144

Year Built

  • Built in 1983

Lot Details

  • 6,795

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

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

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 138-29-053-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 104.75 x 65
  • Malibu Manor Subdivision

Building Details

  • Operating Expense $14,398
  • Gross Income $24,409
  • Net Operating Income $11,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,144

Year Built

Built in 1983

Lot Details

6,795 Sq Ft Lot

Listing Details

  • Cross Street: HORNE & MAIN ST;
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2099.5
  • Subdivision Name: Malibu Manor
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Stucco, Block, Slump Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, City Electric, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1647.0

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: 104.75 x 65
  • Additional Parcels: No
  • Parcel #: 138-29-053-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 907.33
  • Annual Gross Income: 24409.08
  • Insurance Expense: 1000.0
  • Maintenance Expense: 7459.54
  • Property Net Operating Income: 11160.41
  • Annual Operating Expense: 14397.57
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1144.2
  • Tax Book Number: 138.00
  • Tax Lot: 0

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
Apr 13, 2018
Closed on
May 15, 2018
Sold by
Bought by
Seller's Agent
Jacob Beeson
Beehive Property Management, LLC
Buyer's Agent
Jacob Beeson
Beehive Property Management, LLC
List Price
$279,900
Sold Price
$283,000
Premium/Discount to List
$3,100
1.11%
Current Estimated Value
$614,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,316
Avg. Annual Appreciation
10.02%
Original Mortgage
$198,100
Interest Rate
0.0475%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 16, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2010
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
$62,400
Interest Rate
0.0478%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 7, 2010
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
$62,400
Interest Rate
0.0478%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 9, 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
$268,000
Interest Rate
0.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 14, 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
$174,000
Interest Rate
0.0537%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2002
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
$157,600
Interest Rate
0.0586%
Mortgage Type
New Conventional
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
$283,000 Grand Canyon Title Agency
$99,500 Security Title Agency
-- Security Title Agency
-- Security Title Agency
$83,201 Title Management Agency Of A
$83,201 Title Management Agency Of A
$335,000 Capital Title Agency Inc
$232,000 Land Title Agency Of Az Inc
$197,000 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 $2,800,000
Closed $198,100
Previous Owner $62,400
Previous Owner $268,000
Previous Owner $174,000
Previous Owner $157,600
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
06/08/2018 06/08/18 Sold $283,000 +1.1% $80 / Sq Ft
05/17/2018 05/17/18 Price Changed $279,900 0.0% $79 / Sq Ft
05/10/2018 05/10/18 For Sale $279,900 0.0% $79 / Sq Ft
05/10/2018 05/10/18 Price Changed $279,900 0.0% $79 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $279,900 -- $79 / Sq Ft
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 $1,340 $13,584
2024 $1,344 $12,937
2023 $1,344 $31,280 $5,800 $25,480
2022 $1,316 $34,170 $6,830 $27,340
2021 $1,332 $28,980 $5,790 $23,190
2020 $1,315 $26,450 $5,290 $21,160
2019 $1,229 $21,430 $4,280 $17,150
2018 $1,179 $21,700 $4,340 $17,360
2017 $1,144 $19,120 $3,820 $15,300
2016 $1,123 $18,100 $3,620 $14,480
2015 $1,055 $13,280 $2,650 $10,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5752934

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-29-053A

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