NOT LISTED FOR SALE

936 W Rio Salado Pkwy Mesa, AZ 85201

West Enders Neighborhood

Estimated Value: $806,000 - $1,094,000

-- Bed
6 Baths
5,400 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $1,010,000 $187 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,072/month

21 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Carpet
  • Franklin at Brimhall Elementary School Rated A
  • Heating unit installed on the ceiling

About This Home

As of August 2024

Performing 4plex with 7.8% CAP Rate in the heart of Mesa close to schools, shopping and more. Lovingly updated with quartz look counters, white shaker cabinets and wood look flooring, these freshly painted units have plenty of parking and backyards.
The dwelling mix includes 4 updated units with: 1/1, 2/1, 3/1, 4/2.5 which are fully tenanted. Artificial turf for easy maintenance. Newer roofs and AC units.
Drive by only, do not disturb tenants.

Last Agent to Sell the Property

Jennifer Nelson

AZ Brokerage Holdings, LLC License #SA676506000 Listed on: 05/20/2024

Co-Listed By

Brittany Sauncy

AZ Brokerage Holdings, LLC License #SA687035000

Last Buyer's Agent

James Wexler

Jason Mitchell Real Estate License #BR558910000

Jason Mitchell Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,679

Year Built

  • Built in 1961

Lot Details

  • 0.33

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 9 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tenant pays for trash collection, electricity, water, sewer, cable TV
  • Assessor Parcel Number 135-22-056-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are 40x103

Building Details

  • Operating Expense $1,679
  • Gross Income $84,000
  • Net Operating Income $82,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,679

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Rio Salado and Alma School
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: reax16
  • Co List Office Phone: 602-861-3300
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Appliances: BI Oven/Range, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Electric, Ceiling Fan(s)
  • Heating: Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 40x103
  • Additional Parcels: No
  • Parcel #: 135-22-056-B

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 84000.0
  • Property Net Operating Income: 82321.0
  • Annual Operating Expense: 1679.0

Tax Info

  • Tax Annual Amount: 1679.0
  • Tax Book Number: 135.00
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Aug 2, 2024
Sold by
Claye William B
Bought by
Salloum Youssef and Wexler Edward James
Seller's Agent
Jennifer Nelson
AZ Brokerage Holdings, LLC
Buyer's Agent
James Wexler
Jason Mitchell Real Estate
List Price
$1,050,000
Sold Price
$1,010,000
Premium/Discount to List
-$40,000
-3.81%
Views
9
Current Estimated Value
$937,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,423
Avg. Annual Appreciation
-5.29%
Original Mortgage
$707,000
Outstanding Balance
$699,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$238,577

Purchase Details

Closed on
Feb 2, 2023
Sold by
Claye William B and Claye Queen
Bought by
Claye William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,036,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2018
Closed on
Oct 3, 2018
Sold by
Ppp Investments Llc
Bought by
Claye William B
Seller's Agent
Peter Burch
ML CO Realty
Buyer's Agent
Christopher Bittle
My Home Group Real Estate
List Price
$425,000
Sold Price
$419,000
Premium/Discount to List
-$6,000
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.84%
Original Mortgage
$411,410
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2018
Sold by
Calder Family Llc
Bought by
Ppp Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
4.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 20, 2006
Sold by
Calder Don Leo and Calder Marilyn P C
Bought by
Calder Family Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Salloum Youssef $1,010,000 First American Title Insurance
Claye William B -- Fidelity National Title
Claye William B $419,000 First Arizona Title Agency L
Ppp Investments Llc $305,000 Commonwealth Land Title Insu
Calder Family Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salloum Youssef $707,000
Previous Owner Claye William B $1,036,000
Previous Owner Claye William B $411,410
Previous Owner Ppp Investments Llc $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2024 08/02/24 Sold $1,010,000 -3.8% $187 / Sq Ft
05/20/2024 05/20/24 For Sale $1,050,000 +150.6% $194 / Sq Ft
10/05/2018 10/05/18 Sold $419,000 -0.2% $78 / Sq Ft View Prior Sale
09/04/2018 09/04/18 Price Changed $419,900 -1.2% $78 / Sq Ft
08/08/2018 08/08/18 For Sale $425,000 -- $79 / Sq Ft
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 $1,674 $16,966 -- --
2024 $1,679 $16,158 -- --
2023 $1,679 $63,880 $12,770 $51,110
2022 $1,644 $42,500 $8,500 $34,000
2021 $1,664 $36,020 $7,200 $28,820
2020 $1,643 $31,650 $6,330 $25,320
2019 $1,535 $26,550 $5,310 $21,240
2018 $1,473 $21,650 $4,330 $17,320
2017 $1,429 $21,930 $4,380 $17,550
2016 $1,402 $21,170 $4,230 $16,940
2015 $1,318 $17,880 $3,570 $14,310
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jennifer Nelson

    Realty Executives

  • B

    Seller Co-Listing Agent in 2024

    Brittany Sauncy

    Realty Executives

  • James Wexler

    Buyer's Agent in 2024

    James Wexler

    Jason Mitchell Real Estate

    (480) 289-6818

    1 in this area

    379 Total Sales

    James Wexler
    Section Image

  • P

    Seller's Agent in 2018

    Peter Burch

    ML CO Realty

    (602) 614-5574

    10 Total Sales

    Peter Burch
    Section Image

  • C

    Buyer's Agent in 2018

    Christopher Bittle

    My Home Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6705805

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-22-056B

Arizona Maricopa County Mesa 85201 West Enders

936 W Rio Salado Pkwy, Mesa, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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