$2,700,000
$1M PRICE DROP

Estimated payment $14,830/month

Total Views 9,393
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Resident Manager or Management On Site
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.

Listing Agent

Joseph Dubas

Iannelli and Associates License #SA660602000 Listed on: 02/02/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,711

Year Built

  • Built in 1945

Lot Details

  • Additional Parcels

Home Design

  • Tile Roof
  • Built-Up Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 7, 8, 9, 10 / 5,6,7
  • Assessor Parcel Number 218-32-007

Community Details

Overview

  • 3 Buildings
  • 24 Units
  • Building Dimensions are 36,000
  • Desert Sage Tr Blks 5, 6, 7 Subdivision

Additional Features

  • Operating Expense $9,711
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,711

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Main Street and 80th
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: C-3, R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2025
  • Subdivision Name: DESERT SAGE TR BLKS 5, 6, 7
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Tile, Built-Up, Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Central, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 36,000
  • Additional Parcels: Yes
  • Parcel #: 218-32-007

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 24
  • Annual Operating Expense: 9711.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 9711.0
  • Tax Block: 5,6,7
  • Tax Book Number: 218.00
  • Tax Lot: 7, 8, 9, 10

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,767 $19,594 -- --
2024 $1,900 $19,244 -- --
2023 $1,900 $25,177 $9,911 $15,266
2022 $1,909 $27,143 $12,653 $14,490
2021 $1,959 $27,468 $13,014 $14,454
2020 $1,943 $25,722 $11,358 $14,364
2019 $1,801 $24,984 $11,286 $13,698
2018 $1,756 $21,672 $8,262 $13,410
2017 $1,695 $20,484 $7,650 $12,834
2016 $1,653 $16,974 $6,840 $10,134
2015 $1,594 $14,172 $5,680 $8,492
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2026 01/05/26 Price Changed $2,700,000 0.0% --
01/05/2026 01/05/26 For Sale $2,700,000 -9.8% --
09/22/2025 09/22/25 Off Market $2,995,000 -- --
06/25/2025 06/25/25 Price Changed $2,995,000 0.0% --
06/25/2025 06/25/25 For Sale $2,995,000 -4.9% --
06/12/2025 06/12/25 Off Market $3,150,000 -- --
01/22/2025 01/22/25 Price Changed $3,150,000 -10.0% --
10/22/2024 10/22/24 Price Changed $3,500,000 -11.4% --
02/02/2024 02/02/24 For Sale $3,950,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,300,000 Greystone Title
Special Warranty Deed $600,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $450,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6658864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-32-007

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