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Sold on 05/19/2021

408 N Williams --, Mesa, AZ 85203

$620,000

Last sold 05/19/2021 after 72 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 408 N Williams --

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
WI L L I A M S 4 is a 4-unit apartment community located just North University Drive immediately West of Gilbert Road offering convenient access to both Downtown Mesa and Gilbert. Williams 4 is centrally positioned among Mesa's densely saturated economic corridors which include Falcon Field Airport, Downtown Mesa, Fiesta District, Superstition Freeway Corridor and NW Gilbert Corridor. Developed in 1963, the property features two-bedroom, one bath floor plans averaging 800-square-feet. All units include in suite laundry and two of the units have been lightly renovated. Future ownership will have the opportunity to further renovate unit interiors to realize an interior renovation premium as well as implement operational efficiencies such as monthly utility recapture (or RUBS).
Listed by
Listing Agent - Craig A Young
Listing Office - Platinum Living Realty
Source: ARMLS mls logo
MLS#6204855 • last updated 4 years ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Electric, Individual
Heating Individual
MLS # 6204855
Type Multiple Dwellings
Status Closed
Property Tax 1872
Year Built 1963
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Stucco, Stone, Block
Parking Paved, Free, Add'l Parking Avail, 1 Space/Unit
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision KO KO PALMS
Community Features No Pool
Elementary School Hawthorne Elementary School
Elementary School District Mesa Unified District
Middle School Poston Butte High School
High School District Mesa Unified District
High School Mountain View - Waddell
APN 137-37-113
Zoning C-O/Commercial
Directions West On University To Williams Street, Then North To Property
Multifamily Details
Total # of Units 4
Expense: Operating 17466
Financial Data Source Owner
Expense: Maintenance 1800
Vacancy Allowance 0.06
Expense: Insurance 1117
Net Operating Income 33787.5
Gross Income 51253.5
Expense: Other 1160
Expense: Professional Management 3241
Expense: Water/Sewer 5144
Gross Scheduled Income 52440
Expense: Gardener 1200
We are not permitted to show value estimates for this property.
  • May 2021
    mls logo MLS # 6204855
  • May 14, 2021 Sold
    $620,000 (+1.6%)
  • May 6, 2021 Listed
    —
  • Apr 30, 2021 Sold
    $610,000
  • Mar 9, 2021 Listed
    $610,000 (+231.5%)
  • Mar 2013
    mls logo MLS # 4810671
  • Mar 27, 2013 Sold
    $184,000 (-1.6%)
  • Aug 17, 2012 Listed
    $187,000
  • Year Property taxes Tax assessment
  • 2024
    $1,898 -0.8%
    $71,360
  • 2023
    $1,913 +2.1%
    $71,360 +19.69%
  • 2022
    $1,873 -1.2%
    $59,620 +32.31%
  • 2021
    $1,896 +1.3%
    $45,060 +23.05%
  • 2020
    $1,872 +7.0%
    $36,620 +12.99%
  • 2019
    $1,749 +4.2%
    $32,410 +49.98%
  • 2018
    $1,678
    $21,610
  • 408 N Williams --
    $620K
  • East Mesa
    $499K
  • 85203
    $519K +13% y/y
  • Mesa
    $485K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Hawthorne 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
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Poston Junior High School
public Grades 7-8
Mesa Unified School District
5/10
Mountain View High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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