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Sold on 04/30/2016

2713 N Salem --, Mesa, AZ 85215

$280,000

Last sold 04/30/2016 after 103 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 2713 N Salem --

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
Top-Notch NE Mesa location near Red Mountain and the 202. Attractive curved street with owner-occupied houses on the same block. Situated on a nice corner lot. Built in 1985 with a desirable mix of all 2 bedroom units, with 3 of the 4 units having 2 full bathrooms. A/C units, separate electric. 3 units on the main level, one unit on 2nd floor. Rents are well-below market, offering an excellent value-add opportunity. Expenses are projected at 30% of the effective gross income. No vacancy factor as all tenants have occupied for several years. Self-managed by local owner. Buyer to complete and rely on own due diligence efforts, including operational costs.
Listed by
Listing Agent - James C Stephens
Listing Office - Platinum Living Realty
Source: ARMLS mls logo
MLS#5385059 • last updated 5 years ago
Movoto checked ARMLS for data 13 minutes ago
Overview
Cooling/AC Electric, Individual, 2 Or More Units
Heating Individual, 2 Or More Units, Electric
MLS # 5385059
Type Multiple Dwellings
Status Closed
Property Tax 1851
Year Built 1985
Interior
Flooring Carpet, Vinyl
Appliances Built-In Range, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Free, 1 Space/Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-80-386
Zoning RM-3
Directions McDowell, Turn Onto Salem. 1 Block West Of Recker.
Multifamily Details
Total # of Units 4
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Net Operating Income 17766
Gross Income 25380
Expense: Other 7614
Gross Scheduled Income 25380
We are not permitted to show value estimates for this property.
  • Oct 2020
    mls logo MLS # 5385059
  • Oct 15, 2020 Sold
    $280,000
  • Apr 2016
    Public Records
  • Apr 29, 2016 Sold
    $280,000 (+40.0%)
  • Sep 2013
    mls logo MLS # 4977484
  • Sep 11, 2013 Sold
    $200,000 (-9.1%)
  • Aug 2, 2013 Listed
    $220,000
  • Year Property taxes Tax assessment
  • 2024
    $2,338 -0.8%
    $63,020 -4.66%
  • 2023
    $2,357 +2.1%
    $66,100 +9.22%
  • 2022
    $2,308 -1.2%
    $60,520 +49.62%
  • 2021
    $2,336 +1.3%
    $40,450 +10.43%
  • 2020
    $2,306 +7.0%
    $36,630 +13.06%
  • 2019
    $2,155 +4.2%
    $32,400 +23.66%
  • 2018
    $2,068 +3.1%
    $26,200 +4.8%
  • 2017
    $2,006 +1.9%
    $25,000 +20.13%
  • 2016
    $1,969 +6.4%
    $20,810
  • 2015
    $1,851
    —
  • 2713 N Salem --
    $280K
  • Falcon Field
    $486K +16% y/y
  • 85215
    $550K +2% y/y
  • Mesa
    $485K -1% y/y
No chart available
Statistics calculated by Movoto

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7/10
Bush Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Shepherd Junior High School
public Grades 4-8
Mesa Unified School District
7/10
Red Mountain High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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