161 E 2nd Ave Mesa, AZ 85210
Downtown Mesa NeighborhoodEstimated payment $4,314/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
This well-maintained 4-unit property offers a fantastic investment opportunity with strong rental potential in a desirable location. The building features a new roof and fresh exterior paint, both completed in 2020. Tenants will appreciate the two sets of newer front-loading washer and dryer units, providing added convenience. Each unit is thoughtfully designed for comfort and functionality. Don't miss this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,520
Year Built
- Built in 1958
Home Design
- Composition Roof
- Block Exterior
Flooring
- Concrete
- Ceramic Tile
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Schools
- Lowell Elementary School
- Kino Junior High School
- Mesa High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water, sewer
- Tax Lot 6
- Assessor Parcel Number 138-48-021
Community Details
Overview
- 4 Units
- Building Dimensions are 12000
- Mesa Arizona Subdivision
Building Details
- Operating Expense $8,727
- Gross Income $91,200
- Net Operating Income $37,900
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,520 | $15,484 | -- | -- |
| 2024 | $1,532 | $14,747 | -- | -- |
| 2023 | $1,532 | $46,450 | $9,290 | $37,160 |
| 2022 | $1,501 | $31,560 | $6,310 | $25,250 |
| 2021 | $1,519 | $25,950 | $5,190 | $20,760 |
| 2020 | $1,499 | $23,380 | $4,670 | $18,710 |
| 2019 | $1,401 | $19,920 | $3,980 | $15,940 |
| 2018 | $1,344 | $18,670 | $3,730 | $14,940 |
| 2017 | $1,304 | $17,530 | $3,500 | $14,030 |
| 2016 | $1,280 | $15,830 | $3,160 | $12,670 |
| 2015 | $1,203 | $15,070 | $3,010 | $12,060 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | For Sale | $750,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $190,000 | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | Ticor Title Agency Of Az Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $196,000 | Fidelity National Title | |
| Warranty Deed | $155,000 | Lawyers Title Of Arizona Inc | |
| Warranty Deed | $140,000 | Chicago Title Insurance Co | |
| Warranty Deed | $101,945 | First American Title | |
| Warranty Deed | $100,000 | First American Title | |
| Joint Tenancy Deed | -- | Stewart Title & Trust |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $142,500 | New Conventional | |
| Previous Owner | $158,690 | New Conventional | |
| Previous Owner | $170,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $156,800 | Purchase Money Mortgage | |
| Previous Owner | $124,000 | Purchase Money Mortgage | |
| Previous Owner | $10,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6827760
APN: 138-48-021
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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