$1,600,000
SOLD MAY 7, 2024
-- Bed
-- Bath
3,164 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$506 Per Sq Ft

11% Below List Price

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

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

Map

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
05/07/2024 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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Previous Owner $600,000 Commercial
Previous Owner $248,500 Negative Amortization
Previous Owner $193,600 Purchase Money Mortgage
Previous Owner $60 Assumption
Closed $24,200 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $800,000 Premier Title Agency
Warranty Deed $1,100,000 Empire West Title Agency Llc
Warranty Deed -- None Available
Trustee Deed $72,623 None Available
Warranty Deed -- Grand Canyon Title Agency In
Warranty Deed -- Grand Canyon Title Agency In
Interfamily Deed Transfer -- Grand Canyon Title Agency
Quit Claim Deed -- Lawyers Title Of Arizona Inc
Warranty Deed $156,000 Lawyers Title Of Arizona Inc
Quit Claim Deed -- Stewart Title & Trust
Warranty Deed $143,000 Stewart Title & Trust
Quit Claim Deed -- United Title Agency
Joint Tenancy Deed $124,900 United Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6663214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-17-007K