$3,150,000
$800K PRICE DROP

8019 E Main St Mesa, AZ 85207

Central Mesa East Neighborhood

Estimated payment $18,126/month

Total Views 6,443
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Resident Manager or Management On Site
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Central Heating and Cooling System

About This Home

GREAT OPPORTUNITY TO OWN THE EAST MESA INN MOTEL -- A TURN-KEY 24-UNIT MOTEL WITH 1700 SQ.FT. OWNER'S RESIDENCE ON SITE! FOUR 9,000 SQ. FT. LOTS. THE 2ND-STORY BUILDING WAS BUILT IN 1998. TEN KITCHENETTES. ALL ROOMS HAVE REFRIGERATORS & MICROWAVES. MANY UPGRADES INCLUDING NEW ASPHALT PARKING LOT (2023). NEW 16' X 30' PATIO AREA AWNING FOR OWNER'S SUMMER ENJOYMENT. GUEST ROOMS HAVE UP-TO-DATE KEYLESS ENTRY (NO LOST KEYS!). LAUNDRY ROOM FOR TENANTS. POTENTIAL FOR ADDITIONAL ROOMS TO BE ADDED. GREAT LOCATION -- BUSINESS IS CONVENIENTLY LOCATED TO SR 60 AND THE 202. NINETY PERCENT+ OCCUPANCY. NEW OWNER HAS ROOM TO INCREASE RATES. THIS IS AN ESTABLISHED MOTEL WITH CONSISTENT RETURNING GUESTS.

Listing Agent

Joseph Dubas

Iannelli and Associates License #SA660602000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,345

Year Built

  • Built in 1945

Lot Details

  • Additional Parcels

Home Design

  • Tile Roof
  • Built-Up Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 7, 8, 9, 10 / 5,6,7
  • Assessor Parcel Number 218-32-007

Community Details

Overview

  • 3 Buildings
  • 24 Units
  • Building Dimensions are 36,000
  • Desert Sage Tr Blks 5, 6, 7 Subdivision

Additional Features

  • Operating Expense $10,345
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,345

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Main Street and 80th
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: C-3, R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: DESERT SAGE TR BLKS 5, 6, 7
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Tile, Built-Up, Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Individual, Central A/C
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Furnished: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 36,000
  • Additional Parcels: Yes
  • Parcel #: 218-32-007

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 24
  • Annual Operating Expense: 10345.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 10345.0
  • Tax Block: 5,6,7
  • Tax Book Number: 218.00
  • Tax Lot: 7, 8, 9, 10

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 $1,820 $19,594 -- --
2024 $1,900 $19,244 -- --
2023 $1,900 $25,177 $9,911 $15,266
2022 $1,909 $27,143 $12,653 $14,490
2021 $1,959 $27,468 $13,014 $14,454
2020 $1,943 $25,722 $11,358 $14,364
2019 $1,801 $24,984 $11,286 $13,698
2018 $1,756 $21,672 $8,262 $13,410
2017 $1,695 $20,484 $7,650 $12,834
2016 $1,653 $16,974 $6,840 $10,134
2015 $1,594 $14,172 $5,680 $8,492
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 Price Changed $3,150,000 -10.0% --
10/22/2024 10/22/24 Price Changed $3,500,000 -11.4% --
02/02/2024 02/02/24 For Sale $3,950,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $600,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $485,000 New Conventional
Closed $450,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6658864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 218-32-007

Arizona Maricopa County Mesa 85207 Central Mesa East

8019 E Main St, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 8019 E Main St, Mesa, AZ 85207 and is currently priced at $3,150,000. This property was built in 1945. 8019 E Main St is a home located in Maricopa County with nearby schools including Jefferson Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Joseph Dubas
Listing Agent
Joseph Dubas
Section Image
Iannelli and Associates
(402) 499-4133