$2,700,000
PENDING $1M PRICE DROP

Estimated payment $15,208/month

Total Views 11,573
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Furnished
  • Patio
  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Resident Manager or Management On Site
  • 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

  • Fenced
  • Additional Parcels

Home Design

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

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces
  • Parking Available
  • Paved Parking
  • Additional Parking

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Cable TV Available

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 Sq Ft Lot

Listing Details

  • Cross Street: Main Street and 80th
  • Property Type: Multiple Dwellings
  • Zoning: C-3, R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: DESERT SAGE TR BLKS 5, 6, 7
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Microwave

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit, Paved
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0

Utilities

  • Electric: SRP
  • Cooling: Central Air, Electric, Varies by Unit, Ceiling Fan(s)
  • Heating: Electric, Natural Gas, Varies by Unit, Central, Hot Water
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool, Manager Res/Office

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

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

Multi Family

  • Owner Pays: Water, Sewer, Electricity, Gas, Trash Collection, Cable TV, Landscaping
  • Tenant Pays: None
  • 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: 218.0
  • 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
04/30/2026 04/30/26 Pending -- -- --
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

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 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

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 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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