$949,900

Estimated payment $5,436/month

Total Views 802
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Carpet

About This Home

VA ASSUMABLE LOAN AT 4.25% Beautifully Remodeled Multi-Family Tri-Plex Investment Property in East Mesa! This fully occupied property has been updated to enhance both value and appeal. Each of the three spacious 3-bedroom, 2-bath units features modern upgrades, including stainless steel appliances, individual laundry rooms, and private fenced backyards. Additional amenities include attached storage rooms, individually metered water and electric, and two assigned covered parking spaces per unit. Conveniently located within walking distance to public transportation, with easy access to shopping, dining, and major freeways. A prime investment opportunity with strong rental income. Recent upgrades include, paint, flooring, ceiling fans, kitchen lighting & backsplash, closets, baseboards ect! Also a new shower in unit 2 and backyard in unit 3 was redone with turf

Listing Agent

Mike Ratzken

Two Brothers Realty & Co License #BR636869000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Assigned Parking

Schools

  • Mendoza Elementary School
  • Shepherd Junior High School
  • Red Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 141-84-317

Community Details

Overview

  • 3 Units
  • Building Dimensions are 89x110
  • Manor View Subdivision

Building Details

  • Operating Expense $7,024
  • Gross Income $69,848
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,624

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Brown Rd and Recker Rd
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2024
  • Directions: East on Brown Road to 61st Pl; North to Glencove St; East to property on north side of street.
  • Road Surface Type: Asphalt
  • Subdivision Name: MANOR VIEW
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved, Assigned, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Mendoza Elementary School
  • High School: Red Mountain High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Shepherd Junior High School

Lot Info

  • Lot Size: 89x110
  • Additional Parcels: No
  • Parcel #: 141-84-317

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 69847.8
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3600.0
  • Property Net Operating Income: 65000.0
  • Annual Operating Expense: 7024.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1624.0
  • Tax Book Number: 141.00
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,624 $16,545 -- --
2024 $1,637 $15,758 -- --
2023 $1,637 $54,410 $10,880 $43,530
2022 $1,604 $39,470 $7,890 $31,580
2021 $1,623 $35,420 $7,080 $28,340
2020 $1,602 $32,310 $6,460 $25,850
2019 $1,497 $28,580 $5,710 $22,870
2018 $1,437 $26,300 $5,260 $21,040
2017 $1,394 $17,710 $3,540 $14,170
2016 $1,368 $17,270 $3,450 $13,820
2015 $1,286 $16,450 $3,290 $13,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $949,900 +13.8% --
06/06/2022 06/06/22 Sold $835,000 +1.8% $259 / Sq Ft
06/01/2022 06/01/22 For Sale $820,000 0.0% $255 / Sq Ft
06/01/2022 06/01/22 Price Changed $820,000 0.0% $255 / Sq Ft
04/28/2022 04/28/22 For Sale $820,000 +272.7% $255 / Sq Ft
07/07/2015 07/07/15 Sold $220,000 +2.4% $68 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $214,900 -- $67 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $835,000 Old Republic Title
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- Dhi Title Agency
Special Warranty Deed $220,000 Lawyers Title Of Arizona Inc
Trustee Deed $445,857 None Available
Warranty Deed $415,000 Guaranty Title Agency
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $265,000 Equity Title Agency Inc
Warranty Deed $121,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $835,000 VA
Previous Owner $180,000 Future Advance Clause Open End Mortgage
Previous Owner $180,000 New Conventional
Previous Owner $332,000 New Conventional
Previous Owner $185,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $26,384 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6844178

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-84-317