Highlights
- Wood Flooring
- Central Air
- Heating unit installed on the ceiling
- Bush Elementary School Rated A-
- Ceiling Fan
About This Home
As of January 2025LOCATION, LOCATION, LOCATION!! Great Investment Property, Fully Rented, Very Near the Top of the Market Rents with Room to Increase. Three Out of the Four Units Have Been Remodeled with New Flooring, New Kitchen Cabinets & Counter Tops, Vanities & Fixtures! NEW Roof in 2022; New AC Unit for #103 in 9/2021; Great Tenants, Property Management & Rents: #101 (1 Bed/1 Bath; $825); #102 (2/2;$1275); #103 (3/2;$1550); #201 (2/2; $1300); Excellent Value in NE Mesa, Near Restaurants, Shopping, Bus Lines, Fitness Centers & the 202 Red Mountain Freeway. The Three Ground Floor Apartments Have Private Gated Yards and the ONLY Upstairs Unit (#201) Has a HUGE PRIVATE Balcony!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,249
Year Built
- Built in 1985
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Wood
- Ceramic Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- On-Street Parking
Utilities
- Central Air
- Heating unit installed on the ceiling
- Heat Pump System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 12
- Assessor Parcel Number 141-80-391
Community Details
Overview
- 4 Units
- Building Dimensions are 8918
- Loma Vista Subdivision
Building Details
- Operating Expense $15,063
- Gross Income $59,700
- Net Operating Income $46,886
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/14/2025 01/14/25 | Sold | $825,000 | -1.2% | $255 / Sq Ft |
| 12/08/2024 12/08/24 | For Sale | $835,000 | -- | $258 / Sq Ft |
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 | $2,249 | $22,915 | -- | -- |
| 2024 | $2,268 | $21,824 | -- | -- |
| 2023 | $2,268 | $59,850 | $11,970 | $47,880 |
| 2022 | $2,221 | $39,970 | $7,990 | $31,980 |
| 2021 | $2,248 | $36,360 | $7,270 | $29,090 |
| 2020 | $2,219 | $32,150 | $6,430 | $25,720 |
| 2019 | $2,073 | $25,320 | $5,060 | $20,260 |
| 2018 | $1,989 | $23,810 | $4,760 | $19,050 |
| 2017 | $1,930 | $19,800 | $3,960 | $15,840 |
| 2016 | $1,894 | $18,970 | $3,790 | $15,180 |
| 2015 | $1,780 | $17,570 | $3,510 | $14,060 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $618,750 | New Conventional | |
| Previous Owner | $252,000 | Purchase Money Mortgage | |
| Previous Owner | $307,760 | Purchase Money Mortgage | |
| Previous Owner | $224,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $168,000 | Unknown | |
| Previous Owner | $168,000 | Purchase Money Mortgage | |
| Previous Owner | $168,000 | Purchase Money Mortgage | |
| Previous Owner | $242,910 | New Conventional | |
| Previous Owner | $164,000 | Commercial | |
| Previous Owner | $170,246 | New Conventional | |
| Previous Owner | $140,250 | New Conventional |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $825,000 | Security Title Agency | |
| Warranty Deed | $440,000 | Dhi Title Agency | |
| Cash Sale Deed | $138,000 | Grand Canyon Title Agency In | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Landamerica Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title Insurance Corp | |
| Warranty Deed | $384,700 | Lawyers Title Insurance Corp | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Equity Title Agency Inc | |
| Interfamily Deed Transfer | -- | Equity Title Agency Inc | |
| Warranty Deed | $291,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $269,900 | Security Title Agency | |
| Warranty Deed | $205,000 | Grand Canyon Title Agency In | |
| Warranty Deed | $185,000 | Ati Title Agency | |
| Warranty Deed | $165,000 | Equity Title Agency | |
| Warranty Deed | $121,175 | First American Title |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6792394
APN: 141-80-391
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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