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Sold on 06/02/2018

551 S Hobson --, Mesa, AZ 85204

$240,000

Last sold 06/02/2018 after 48 Days

  • 6

    bed

  • 4

    bath

Multi-family not for sale
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About 551 S Hobson --

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Property description
100% occupied fourplex with longterm tenants (one 10+ years!) and below market rents, all on month-to month agreements. Irrigated lot with shaded courtyard and coin-op laundry on site. Must be sold with adjacent triplex 549 S Hobson MLS#5752965. Excellent opportunity to own 7 units with residential financing. Owner will not make repairs. Priced accordingly. Roof replaced in 2009. Owner/agent.
Listed by
Listing Agent - Doris Torres
Listing Agent Contact: Kbtracy@cox.net
Listing Office - Superb Realty
Source: ARMLS mls logo
MLS#5752967 • last updated 1 year ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Window/Wall Unit, Heat Pump
Heating Heat Pump, Electric
MLS # 5752967
Type Multiple Dwellings
Status Closed
Property Tax 1033
Year Built 1958
Interior
Flooring Ceramic Tile, Vinyl
Appliances Built-In Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking >1 Space Per Unit, Carport
# of Open Parking Spaces 4
# of Covered Spaces 3
Amenities / Utilities
Water Source Master Meter, Irrigation, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision LYNWOOD TRACT LOTS 25-32
Community Features Other, See Remarks, No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 139-26-002-A
Zoning MULTI
Directions East On Broadway, South On Hobson To Property On Eastside Of Street.
Multifamily Details
Total # of Units 4
Expense: Operating 7751
Financial Data Source Owner
Expense: Maintenance 600
Expense: Insurance 1282
Net Operating Income 18862
Gross Income 25480
Expense: Electric 1020
Expense: Trash 1316
Expense: Water/Sewer 2400
Gross Scheduled Income 24480
We are not permitted to show value estimates for this property.
  • Jun 2018
    mls logo MLS # 5752967
  • Jun 2, 2018 Sold
    $240,000 (-42.2%)
  • Apr 15, 2018 Listed
    $244,900 (-12.5%)
  • Jun 2018
    Public Records
  • Jun 1, 2018 Sold
    $415,000 (+69.5%)
  • May 2005
    Public Records
  • May 17, 2005 Sold
    $280,000 (+47.4%)
  • Nov 2003
    Public Records
  • Nov 10, 2003 Sold
    $189,900
  • Year Property taxes Tax assessment
  • 2024
    $1,204 -0.8%
    $63,430
  • 2023
    $1,214 +2.1%
    $63,430 +23.52%
  • 2022
    $1,189 -1.2%
    $51,350 +48.93%
  • 2021
    $1,203 +1.3%
    $34,480 +23.9%
  • 2020
    $1,188 +7.0%
    $27,830 +9.52%
  • 2019
    $1,110 +4.2%
    $25,410 +24.99%
  • 2018
    $1,065
    $20,330
  • 551 S Hobson --
    $240K
  • Watertower
    $368K -21% y/y
  • 85204
    $400K 0% y/y
  • Mesa
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Lowell 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
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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