505 N Williams Mesa, AZ 85203
Mesa Patios NeighborhoodEstimated payment $8,629/month
Highlights
- Cooling Available
- Carpet
- Heating Available
- Franklin at Brimhall Elementary School Rated A
About This Home
We are pleased to announce Eight on Williams in Mesa. This property is excellent unit mix all two bedroom one bath units. Property has had some recent capital expenders. Newer roof on back building, newer paint and landscaping. Some units have granite counter tops updated kitchens flooring and bathrooms. Garden building in back have private yards. All units have covered parking. Some units have washer/dryer hookups as well. Great opportunity for value you add. Current rents are below market at $1175 Average. Market rents are $1350 to $1450 Projected proforma on property. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of the sale. No showings without accepted contract.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,815
Year Built
- Built in 1963
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
Flooring
- Carpet
Parking
- 8 Parking Spaces
- Carport
Schools
- Field Elementary School
- Poston Junior High School
- Mountain View High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 49
- Assessor Parcel Number 137-37-049
Community Details
Overview
- 4 Buildings
- 8 Units
- Building Dimensions are IRR
- Ko Ko Palms 2 Subdivision
Building Details
- Operating Expense $21,575
- Gross Income $100,320
- Net Operating Income $78,990
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 | $1,815 | $18,494 | -- | -- |
| 2024 | $1,830 | $17,613 | -- | -- |
| 2023 | $1,830 | $59,560 | $11,910 | $47,650 |
| 2022 | $1,792 | $45,020 | $9,000 | $36,020 |
| 2021 | $1,814 | $36,610 | $7,320 | $29,290 |
| 2020 | $1,791 | $32,400 | $6,480 | $25,920 |
| 2019 | $1,673 | $21,580 | $4,310 | $17,270 |
| 2018 | $1,606 | $18,800 | $3,760 | $15,040 |
| 2017 | $1,558 | $17,330 | $3,460 | $13,870 |
| 2016 | $1,529 | $16,620 | $3,320 | $13,300 |
| 2015 | $1,437 | $17,680 | $3,530 | $14,150 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2025 03/22/25 | For Sale | $1,519,000 | +13.4% | -- |
| 08/05/2021 08/05/21 | Sold | $1,340,000 | -0.7% | $1,489 / Sq Ft |
| 07/16/2021 07/16/21 | For Sale | $1,350,000 | 0.0% | $1,500 / Sq Ft |
| 07/16/2021 07/16/21 | Price Changed | $1,350,000 | 0.0% | $1,500 / Sq Ft |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- |
| 04/26/2021 04/26/21 | Price Changed | $1,350,000 | +3.8% | $1,500 / Sq Ft |
| 04/07/2021 04/07/21 | For Sale | $1,300,000 | -- | $1,444 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,340,000 | Fidelity Natl Ttl Agcy Inc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $640,000 | Capital Title Agency Inc | |
| Cash Sale Deed | $150,000 | Capital Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $930,000 | Commercial | |
| Previous Owner | $449,250 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6839777
APN: 137-37-049
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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