$625,000
$25K PRICE DROP

Estimated payment $3,553/month

Total Views 1,886
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

$25,000 Price Reduction- Now offered at $625,000! Don't miss out on an incredible opportunity to live in the main house consisting of 3 bedrooms/2 bathrooms/2 carport spaces while collecting Airbnb rental income from the attached 1 bedroom/1 bathroom guest house AND long-term rental income from the 2 bedroom/1 bathroom secondary home (separate address for guest house 68 S. Ashland). Both homes have their own private front and backyards, laundry inside, and separately metered for electric, gas, water, trash, and sewer. Total gross income if all units are rented out is about $4600+/month. The main home has been freshly painted and ready for the new owners to start moving in. The roof is about 8 years old while the AC's are 7 years old in the main house and 1 year old in the smaller secondary homeBoth hot water heaters are from 2023. In addition there is a finished basement with extra storage not included in the sq ft. Come take a look!

Listing Agent

Alexandra Pfannenstiel

My Home Group Real Estate License #BR671778000

Co-Listing Agent

Elizabeth Mazur

My Home Group Real Estate License #SA688489000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $762

Year Built

  • Built in 1948

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Lowell Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 138-28-037

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 7498
  • Allen Park Addn. Subdivision

Building Details

  • Operating Expense $3,862
  • Gross Income $54,910
  • Net Operating Income $51,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$762

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: E Main st & S Ashland
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2024
  • Directions: Go south from E Main St onto S ashland and home will be on the right hand side
  • Road Surface Type: Concrete
  • Co List Office Mls Id: myhg58
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: ALLEN PARK ADDN.
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Separate Storage: Yes

Schools

  • Elementary School: Lowell Elementary School
  • High School: Mesa High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Kino Junior High School

Lot Info

  • Lot Size: 7498
  • Additional Parcels: No
  • Parcel #: 138-28-037

Multi Family

  • Owner Pays: Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 54910.0
  • Maintenance Expense: 1100.0
  • Property Net Operating Income: 51048.0
  • Annual Operating Expense: 3862.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 762.0
  • Tax Book Number: 138.00
  • Tax Lot: 3

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 $762 $9,181 -- --
2024 $771 $8,744 -- --
2023 $771 $31,110 $6,220 $24,890
2022 $754 $18,930 $3,780 $15,150
2021 $774 $18,060 $3,610 $14,450
2020 $889 $18,100 $3,620 $14,480
2019 $831 $14,160 $2,830 $11,330
2018 $797 $13,660 $2,730 $10,930
2017 $773 $10,000 $2,000 $8,000
2016 $759 $8,930 $1,780 $7,150
2015 $607 $7,900 $1,580 $6,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Price Changed $625,000 0.0% --
04/11/2025 04/11/25 Price Changed $625,000 -3.8% $255 / Sq Ft
03/12/2025 03/12/25 For Sale $650,000 0.0% --
03/04/2025 03/04/25 For Sale $650,000 +54.8% $265 / Sq Ft
01/22/2021 01/22/21 Sold $420,000 0.0% $171 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $420,000 +223.1% $171 / Sq Ft
04/16/2014 04/16/14 Sold $130,000 +2.4% $56 / Sq Ft
04/02/2014 04/02/14 Price Changed $127,000 0.0% $55 / Sq Ft
04/01/2014 04/01/14 Pending -- -- --
01/29/2014 01/29/14 Pending -- -- --
01/28/2014 01/28/14 For Sale $127,000 0.0% $55 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $127,000 -- $55 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $420,000 Fidelity Natl Ttl Agcy Inc
Interfamily Deed Transfer -- None Available
Special Warranty Deed $130,000 First American Title Ins Co
Grant Deed -- None Available
Quit Claim Deed -- None Available
Corporate Deed -- First American Title
Trustee Deed $260,364 First American Title
Trustee Deed $251,278 Accommodation
Warranty Deed $175,000 First American Title Ins Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,105 Credit Line Revolving
Closed $60,000 Credit Line Revolving
Open $357,000 New Conventional
Previous Owner $144,337 FHA
Previous Owner $208,000 Unknown
Previous Owner $140,000 New Conventional
Closed $35,000 No Value Available
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6835951

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-28-037