NOT LISTED FOR SALE

Estimated Value: $730,000 - $818,000

-- Bed
-- Bath
3,164 Sq Ft
$249/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $1,600,000 $506 Per Sq Ft

Current estimated payment $4,516/month

54 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of May 2024

Sale includes Parcel 135-17-007-K and 135-17-007-L which holds the same mailing address. One single level building with 4 units, each with a small backyards and a 2 story building with 4 units. Single level building all have interior laundry rooms with the 2 story building with laundry in individual storage room adjacent to front door. Stone countertops, newer cabinets with a mixture of tile and carpet for flooring makes turnover economical and quick. Great location near schools, bus stops, shopping and entertainment make finding tenants easy. Single level roof replaced 2018 and 2 story roof replaced 2020

Last Agent to Sell the Property

Brickman Allen

Tradelands Realty License #SA586174000 Listed on: 02/13/2024

Co-Listed By

Jake Allen

Tradelands Realty License #SA569290000

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,493

Year Built

  • Built in 1983

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot MB
  • Assessor Parcel Number 135-17-007-K

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $39,838
  • Gross Income $132,768
  • Net Operating Income $92,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,493

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Country Club & Rio Solado
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2023
  • Directions: West on Rio Salado to Date St. Property on North East Corner of Date and Rio Salado
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7966.07
  • Co List Office Mls Id: trdl01
  • Co List Office Phone: 480-610-6833
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Electric
  • 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
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7894.22

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 135-17-007-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 8
  • Annual Gross Income: 132767.76
  • Maintenance Expense: 20954.75
  • Property Net Operating Income: 92929.72
  • Annual Operating Expense: 39838.04

Tax Info

  • Tax Annual Amount: 1493.0
  • Tax Book Number: 135.00
  • Tax Lot: MB

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
May 13, 2024
Sold by
Wicked Stache Llc
Bought by
Nielsen Chad and Nielsen Natalie
Seller's Agent
Brickman Allen
Tradelands Realty
Buyer's Agent
Melissa Pimentel
Call Realty, Inc.
List Price
$1,800,000
Sold Price
$1,600,000
Premium/Discount to List
-$200,000
-11.11%
Views
26
Current Estimated Value
$788,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$811,472
Avg. Annual Appreciation
-47.26%
Original Mortgage
$600,000
Outstanding Balance
$594,200
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$187,240

Purchase Details

Closed on
Nov 21, 2020
Sold by
Buko Holdings Llc
Bought by
Wicked Stache Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2019
Sold by
Reltso Llc
Bought by
Buko Holdings Llc

Purchase Details

Closed on
Mar 9, 2011
Sold by
Duckett Bruce A
Bought by
Reltso Llc

Purchase Details

Closed on
May 30, 2008
Sold by
Duckett Bruce A
Bought by
M&D Partnership Llc

Purchase Details

Closed on
Sep 8, 2005
Sold by
Duckett Bruce A
Bought by
M&D Partnership Llc

Purchase Details

Closed on
Feb 25, 2004
Sold by
Duckett Emily
Bought by
Duckett Bruce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2000
Sold by
Richards William
Bought by
Duckett Bruce A and Duckett Emily

Purchase Details

Closed on
Jan 3, 2000
Sold by
Dougherty Stephen R and Dougherty Erna K
Bought by
Duckett Bruce A and Duckett Emily

Purchase Details

Closed on
Sep 16, 1996
Sold by
Arizonas #1 Home Team
Bought by
Kupfer David and Kupfer Nicolette

Purchase Details

Closed on
Sep 9, 1996
Sold by
Kupfer David and Kupfer Nicolette
Bought by
Dougherty Stephen R and Dougherty Erna K

Purchase Details

Closed on
Aug 31, 1995
Sold by
Kupfer David and Kupfer Nicolette
Bought by
Arizonas #1 Home Team

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60
Interest Rate
7.88%
Mortgage Type
Assumption
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 Buyer Sale Price Title Company
Nielsen Chad $800,000 Premier Title Agency
Wicked Stache Llc $1,100,000 Empire West Title Agency Llc
Buko Holdings Llc -- None Available
Reltso Llc $72,623 None Available
M&D Partnership Llc -- Grand Canyon Title Agency In
M&D Partnership Llc -- Grand Canyon Title Agency In
Duckett Bruce A -- Grand Canyon Title Agency
Duckett Bruce A -- Lawyers Title Of Arizona Inc
Duckett Bruce A $156,000 Lawyers Title Of Arizona Inc
Kupfer David -- Stewart Title & Trust
Dougherty Stephen R $143,000 Stewart Title & Trust
Arizonas #1 Home Team -- United Title Agency
Kupfer David $124,900 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielsen Chad $600,000
Previous Owner Wicked Stache Llc $600,000
Previous Owner Duckett Bruce A $248,500
Previous Owner Duckett Bruce A $193,600
Previous Owner Kupfer David $60
Closed Duckett Bruce A $24,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $1,600,000 -11.1% $506 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $1,800,000 0.0% $569 / Sq Ft
07/02/2020 07/02/20 Rented $925 -2.6% --
06/29/2020 06/29/20 For Rent $950 -- --
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 $1,481 $15,089 -- --
2024 $1,493 $14,370 -- --
2023 $1,493 $53,950 $10,790 $43,160
2022 $1,462 $35,810 $7,160 $28,650
2021 $1,480 $30,060 $6,010 $24,050
2020 $1,461 $26,950 $5,390 $21,560
2019 $1,365 $22,980 $4,590 $18,390
2018 $1,310 $18,770 $3,750 $15,020
2017 $1,271 $17,530 $3,500 $14,030
2016 $1,247 $16,820 $3,360 $13,460
2015 $1,172 $14,460 $2,890 $11,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6663214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-007K