Price Reduction
Address
434 W University Drive Mesa, AZ
Price
$ 610,000
Property Attributes
  • MLS#6312023
  • TypePending
  • CountyMARICOPA
  • CityMesa
  • Zip85201
  • Style
  • Year Built1958
  • Taxes$ 1306
  • Price$ 610,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2450
Listing Provided Courtesy Of:
Orion Investment Real Estate
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Great value add opportunity located in the heart of Mesa. The property is 3 1bed/1bath units and 1 2bed/1bath units, all units have room for ample rent growth even before upgrading units. Can reach full rental potential by doing upgrades to interior of units. Rapidly gentrifying area with large number of employers in the direct area. Close to Sloan Park, Mesa Country Club, Downtown Mesa, and easy access to freeways.

Price History
10/25/2021 Listed $650,000
11/2/2021 4% - $630,000
11/16/2021 4% - $610,000

General Features

1 Bedroom Units: Avg Rent 725.00
2 Bedroom Units: Avg Rent 850.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Ceiling Fan(s), Electric, Individual
Electric SRP
Features No Pool
Gas Y/N None
Heating Electric, Individual
Map Code/Grid Q38
Net Income 27500.00
New Financing 1031 Exchange, Conventional, CTL, VA
Owner Pays Sewer, Trash Collection, Water
Parking 1 Space/Unit, Carport, Street Parking
Property Type F
Public Remarks Great value add opportunity located in the heart of Mesa. The property is 3 1bed/1bath units and 1 2bed/1bath units
Roof Comp Shingle
School District 004 - Mesa Unified District
Sewer Sewer - Public
Status Pending
Tenant Pays Cable TV, Electric
Water City Franchise, Master Meter
Year Built 1958
Zoning RM-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 550
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 800
Appliances Included BI Oven/Range, Disposal, Microwave, Refrigerator
Floors Ceramic Tile
Total Number of Units 4.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 4.00
Lot Size Dimensions 10019
Total Parking Spcs 6.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 85201

Price
AVG $480K
$610K
Taxes
AVG $815
$1,306
Visits
AVG 95
9
Year Built
AVG 1982
1958

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