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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

453 W UNIVERSITY Drive
Mesa, Arizona AZ 85201-5709
Sold For: $499,000
Listing ID 6476476
Status Closed
Year Built 1960

Property Description:

Fully occupied completely renovated duplex!! Almost 1,500 sqft total, one 2 bed 1 bath and one 1 bed 1 bath. Monthly gross rent is $3,000, with room for rent bumps at the end of the leases. Will sell this property individually or along with 13 other units owned by the seller (several small multi-family and SFR)

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: BOND ACRES
Year Built: 1960
Zoning: Duplex

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 700
2 Bedroom Units # Baths: 1
2 Bedroom Units Avg SqFt: 784
Cooling: 2 or More Units, Central A/C, Electric
Cooling: yes
Heating: Heat Pump, Electric
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: Heading East on university Dr, Property is on the right
Elementary School District: Mesa Unified District
General Property Description Elementary School District2: Mesa Unified District
General Property Description High School District: Mesa Unified District
High School District: Mesa Unified District
Postal City: Mesa
Township: 1N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Block
Covered Spaces: 2
Electric: City Electric
General Property Description # of Buildings: 1
General Property Description Lot Size Dimensions: TBD
General Property Description Total # of Units: 2
General Property Description Uncvrd Parking Spcs: 2
Lot Size Dimensions: TBD
Number Of Buildings: 1
Number Of Units Total: 2
Open Parking Spaces: 2
Parking Features: >1 Space Per Unit
Parking Total: 4
Road Surface Type: Concrete
Roof: Composition
Sewer: Public Sewer

Additional

Buyer Agency Compensation: 2.50
Mls Status: Closed
Public Survey Range: 5E
Public Survey Section: 21

Financial

1 Bedroom Units Avg Rent: 1400
2 Bedroom Units Avg Rent: 1600
Cap Rate: 6.22
Disclosures: None
Gross Income: 34920
Gross Scheduled Income: 36000
Insurance Expense: 1016
Listing Terms: Conventional, 1031 Exchange, FHA, VA Loan, Trade
Net Operating Income: 31027
Operating Expense: 3893
Owner Pays: None
Professional Management Expense: 2160
Tax Annual Amount: 717
Tax Block: 1
Tax Book Number: 135.00
Tax Lot: 7
Tax Year: 2021
Tenant Pays: Trash Collection, Electricity, Water, Sewer, Cable TV, Landscaping

Zoning Info


Contact - Listing ID 6476476

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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