Estimated payment $4,821/month
Highlights
- Wood Flooring
- Cooling Available
- Heating Available
- Bush Elementary School Rated A-
- Ceiling Fan
About This Home
Fully occupied, highly sought after area in Mesa. Close to 202 freeway and new retail shops. This property boasts (3) two bed two bath (1) two bed one bath. EACH UNIT has its own washer and dryers, balcony or court yard and are all individually metered for both water & power which TENANT PAYS. There are 4 covered parking spots with 4 additional parking spots included. Check out rent rolls and lease expirations where you can ADD REVENUE in the documents tab. All units are in good condition and 1 was recently updated. Strong rental history and great cash flow opportunity with Tenants paying all expenses except property taxes and insurance. Cap rate 6.28
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,382
Year Built
- Built in 1985
Home Design
- Wood Frame Construction
- Composition Roof
Interior Spaces
- Ceiling Fan
Flooring
- Wood
- Carpet
- Ceramic Tile
Parking
- 8 Parking Spaces
- Carport
Schools
- Bush Elementary
- Red Mountain High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 141-80-388
Community Details
Overview
- 4 Units
- Building Dimensions are 0
- Loma Vista Subdivision
Building Details
- Operating Expense $2,382
- Gross Income $55,320
- Net Operating Income $53,040
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 | $2,382 | $24,270 | -- | -- |
| 2024 | $2,402 | $23,114 | -- | -- |
| 2023 | $2,402 | $61,530 | $12,300 | $49,230 |
| 2022 | $2,352 | $41,100 | $8,220 | $32,880 |
| 2021 | $2,381 | $37,410 | $7,480 | $29,930 |
| 2020 | $2,350 | $33,070 | $6,610 | $26,460 |
| 2019 | $2,195 | $26,570 | $5,310 | $21,260 |
| 2018 | $2,107 | $25,310 | $5,060 | $20,250 |
| 2017 | $2,044 | $21,030 | $4,200 | $16,830 |
| 2016 | $2,006 | $20,200 | $4,040 | $16,160 |
| 2015 | $1,886 | $18,420 | $3,680 | $14,740 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | For Sale | $845,000 | +12.8% | -- |
| 11/19/2021 11/19/21 | Sold | $749,000 | 0.0% | $232 / Sq Ft |
| 09/18/2021 09/18/21 | For Sale | $749,000 | -- | $232 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Hansen Law Office | |
| Warranty Deed | -- | Hansen Law Office | |
| Warranty Deed | $749,000 | Chicago Title Agency Inc | |
| Interfamily Deed Transfer | -- | Chicago Title Agency Inc | |
| Warranty Deed | $650,000 | Fidelity Natl Ttl Agcy Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $198,500 | First American Title | |
| Warranty Deed | $163,000 | Chicago Title Insurance Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $148,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $547,500 | No Value Available | |
| Previous Owner | $547,500 | New Conventional | |
| Previous Owner | $1,136,250 | Commercial | |
| Previous Owner | $228,000 | New Conventional | |
| Previous Owner | $148,000 | Unknown | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $146,319 | FHA |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6837107
APN: 141-80-388
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
- 2711 N Olympic Cir
- 5826 E Nathan St
- 2563 N Doral Cir
- 6117 E Nance St
- 5839 E Norwood St
- 6138 E Nance St
- 5735 E Mcdowell Rd Unit 213
- 5735 E Mcdowell Rd Unit 413
- 5735 E Mcdowell Rd Unit 387
- 5735 E Mcdowell Rd Unit 197
- 5735 E Mcdowell Rd Unit 147
- 5735 E Mcdowell Rd Unit 447
- 5735 E Mcdowell Rd Unit 208
- 2714 N 63rd St
- 2535 N Pinnule Cir
- 5620 E Player Place
- 2444 N Ashton Place
- 2336 N Salem St
- 6338 E Camelot Dr
- 2656 N 56th St Unit D183