9 E 2nd Ave Mesa, AZ 85210
Downtown Mesa Neighborhood
--
Bed
--
Bath
800
Sq Ft
7,841
Sq Ft Lot
Highlights
- Evaporated cooling system
- Concrete Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
As of June 2017LOCATION, LOCATION, LOCATION! Great Rental Investment property. Property is in the heart of Downtown Mesa! Property is close to light rail, shopping, schools, and the freeway. All 6 units are easy to rent. Please do not disturb tenants. Drive by only. No sign on Property.
Last Agent to Sell the Property
My Home Group Real Estate License #SA553742000 Listed on: 10/05/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,025
Year Built
- Built in 1947
Home Design
- Wood Frame Construction
- Built-Up Roof
Flooring
- Concrete Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Assigned Parking
Schools
- Lowell Elementary School - Mesa
- Kino Junior High School
- Mesa High School
Utilities
- Evaporated cooling system
- Heating Available
- Master Water Meter
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Legal Lot and Block 2 / 19
- Assessor Parcel Number 138-49-003-A
Community Details
Overview
- 2 Buildings
- 6 Units
- Building Dimensions are 7986
- Mesa Subdivision
Building Details
- Operating Expense $21,061
- Net Operating Income $30,504
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2016
Closed on
Jun 6, 2017
Sold by
Macias Olivia and Muro Aurelio
Bought by
1615 West Mountain Road Llc
Seller's Agent
Angela Boyd
My Home Group Real Estate
Buyer's Agent
Chad Cluff
Cluff Real Estate LLC
List Price
$325,000
Sold Price
$235,000
Premium/Discount to List
-$90,000
-27.69%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,178
Avg. Annual Appreciation
11.45%
Purchase Details
Closed on
Feb 8, 2006
Sold by
Espana Management Lp
Bought by
Muro Aurelio and Macias Olivia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 18, 2002
Sold by
Red Arrow Apartments Llc
Bought by
Espana Management Ltd Partnership
Purchase Details
Closed on
Feb 20, 2002
Sold by
Halls Merle L and Halls Marilyn L
Bought by
Red Arrow Apartments Llc
Similar Homes in Mesa, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,000 | First Arizona Title Agency | |
| Warranty Deed | $275,000 | Capital Title Agency Inc | |
| Cash Sale Deed | $115,000 | Lawyers Title Of Arizona Inc | |
| Special Warranty Deed | $76,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $220,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/25/2018 05/25/18 | Rented | $750 | 0.0% | -- |
| 05/17/2018 05/17/18 | For Rent | $750 | 0.0% | -- |
| 06/09/2017 06/09/17 | Sold | $235,000 | -21.7% | $294 / Sq Ft |
| 04/04/2017 04/04/17 | Price Changed | $300,000 | -7.7% | $375 / Sq Ft |
| 10/05/2016 10/05/16 | For Sale | $325,000 | -- | $406 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,295 | $13,188 | -- | -- |
| 2024 | $1,305 | $12,560 | -- | -- |
| 2023 | $1,305 | $46,670 | $9,330 | $37,340 |
| 2022 | $1,278 | $32,070 | $6,410 | $25,660 |
| 2021 | $1,294 | $26,430 | $5,280 | $21,150 |
| 2020 | $1,277 | $24,130 | $4,820 | $19,310 |
| 2019 | $1,193 | $19,550 | $3,910 | $15,640 |
| 2018 | $1,145 | $16,610 | $3,320 | $13,290 |
| 2017 | $1,111 | $16,530 | $3,300 | $13,230 |
| 2016 | $1,090 | $14,170 | $2,830 | $11,340 |
| 2015 | $1,025 | $13,920 | $2,780 | $11,140 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Cluff
Seller's Agent in 2018
Chad Cluff
Cluff Real Estate LLC
(602) 882-0694
3 in this area
45 Total Sales
-
Angela Boyd
Seller's Agent in 2017
Angela Boyd
My Home Group
(480) 209-7130
2 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5506798
APN: 138-49-003A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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