$800,000
SOLD MAR 31, 2025
-- Bed
-- Bath
2,944 Sq Ft
9,932 Sq Ft Lot

Recently Sold

$272 Per Sq Ft

4% Below List Price

29 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of March 2025

Positioned with great access to the US-60 freeway, this fully-occupied, cash-flowing fourplex was thoroughly remodeled in 2022! The property's renovation and subsequent updates have included unit interiors, multiple HVAC units, and exterior paint to properly position these units for long-term success. Enjoy existing professional management and tenants already in place at solid rental rates. Property is occupied; please do not disturb the tenants.

Last Agent to Sell the Property

Jesse Lowery

HomeSmart License #SA691644000

HomeSmart

Last Buyer's Agent

Jay Macklin

Platinum Living Realty License #BR571106000

Platinum Living Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,074

Year Built

  • Built in 1973

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • Carport

Schools

  • Holmes Elementary School
  • Kino Junior High School
  • Mesa High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 139-20-120

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are -
  • Evelyn Tract Subdivision

Building Details

  • Operating Expense $1,074
  • Gross Income $63,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,074

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Stapley & 8th Ave
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2024
  • Directions: Traveling north on Stapley Drive through the light at Southern, continue for approximately 0.6 miles. The property will be on your left (the west side of the street).
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: EVELYN TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, 2 or More Units
  • Heating: Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Drapes2: Yes

Schools

  • Elementary School: Holmes 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: -
  • Additional Parcels: No
  • Parcel #: 139-20-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 63720.0
  • Annual Operating Expense: 1073.56

Tax Info

  • Tax Annual Amount: 1073.56
  • Tax Book Number: 139.00
  • Tax Lot: 1

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $800,000 -3.6% $272 / Sq Ft
02/23/2025 02/23/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $830,000 +50.1% $282 / Sq Ft
10/28/2021 10/28/21 Sold $553,000 +5.3% $188 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $525,000 +277.7% $178 / Sq Ft
01/02/2013 01/02/13 Sold $139,000 -0.6% $47 / Sq Ft
11/29/2012 11/29/12 Pending -- -- --
11/26/2012 11/26/12 For Sale $139,900 -- $48 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,074 $10,938 -- --
2024 $1,082 $10,417 -- --
2023 $1,082 $52,010 $10,400 $41,610
2022 $1,060 $36,030 $7,200 $28,830
2021 $1,073 $29,220 $5,840 $23,380
2020 $1,059 $26,100 $5,220 $20,880
2019 $989 $19,900 $3,980 $15,920
2018 $950 $17,780 $3,550 $14,230
2017 $921 $16,200 $3,240 $12,960
2016 $904 $15,420 $3,080 $12,340
2015 $850 $13,950 $2,790 $11,160
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $227,500 Construction
Previous Owner $85,120 Unknown
Previous Owner $195,000 Fannie Mae Freddie Mac
Previous Owner $201,000 New Conventional
Previous Owner $140,650 Unknown
Previous Owner $62,650 New Conventional
Previous Owner $60,400 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $800,000 Navi Title Agency
Warranty Deed $553,000 First American Title Ins Co
Warranty Deed -- None Available
Cash Sale Deed $139,000 First Arizona Title Agency
Trustee Deed $106,400 None Available
Warranty Deed -- Accommodation
Special Warranty Deed -- None Available
Warranty Deed -- Accommodation
Interfamily Deed Transfer -- First American Title Ins Co
Warranty Deed $260,000 First American Title Ins Co
Warranty Deed $295,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency
Interfamily Deed Transfer -- Capital Title Agency
Warranty Deed $78,333 Ati Title Agency
Warranty Deed $78,333 Ati Title Agency
Interfamily Deed Transfer -- United Title Agency
Interfamily Deed Transfer -- United Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6809085

Arizona Regional Multiple Listing Service (ARMLS)

APN: 139-20-120