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    960 E University Drive

    Mesa, AZ 85203
    • $1,350,000
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 6131862
    New On Site 6 Days Ago
    UPDATED: 64 min ago
    $1,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    This is your chance to own 9 large 2 bed 2 bath units in Mesa with great visibility on University.Located on a large corner lot with covered parking and a common court yard. This property was bought in 1996 and the former owner took great pride in his property. Most of the units have been remodeled with new flooring,Cabinets,fixtures, paint,Tubs, appliances, raised panels doors Ect. This property also features a large laundry room with lockable storage areas for the tenants and leased coin operated washers and dryers for tenant convenience as well as added income for the owner. With most of the tenants being log term and month to month you have options and a lot of room to raise the rent to today's market. A second parcel 137-06-044 is included in sale. Click on the MORE INFO TAB!The current rents range from $775.00-$975.00. These large 2 bed 2 bath units could easily rent between $1000.00-$1100.00 in today's market. Owner pays water,sewer,trash. Tenant pays for electric,cable. Buyer to verify all Information as facts and figures are approximate. Drive by only do not disturb tenants. See attachment's below for some unit pictures, floor plans and financial information

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-21T11:11:54.163.
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    960 E University Drive Mesa, AZ 85203

    • Price: $1,350,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 6131862
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1961
    Built
    Neighborhood:
    Compton Estates Lot 1-12 Tr A
    County:
    Maricopa
    Area:
    Mesa
    Elementary School:
    Edison Elementary School
    Middle School:
    Kino Junior High School
    High School:
    Westwood High School
    School District:
    004 - Mesa Unified District
    Property Description
    This is your chance to own 9 large 2 bed 2 bath units in Mesa with great visibility on University.Located on a large corner lot with covered parking and a common court yard. This property was bought in 1996 and the former owner took great pride in his property. Most of the units have been remodeled with new flooring,Cabinets,fixtures, paint,Tubs, appliances, raised panels doors Ect. This property also features a large laundry room with lockable storage areas for the tenants and leased coin operated washers and dryers for tenant convenience as well as added income for the owner. With most of the tenants being log term and month to month you have options and a lot of room to raise the rent to today's market. A second parcel 137-06-044 is included in sale. Click on the MORE INFO TAB!The current rents range from $775.00-$975.00. These large 2 bed 2 bath units could easily rent between $1000.00-$1100.00 in today's market. Owner pays water,sewer,trash. Tenant pays for electric,cable. Buyer to verify all Information as facts and figures are approximate. Drive by only do not disturb tenants. See attachment's below for some unit pictures, floor plans and financial information
    Exterior Features

    Construction BlockBrick Construction Finish Brick Trim/VeneerPainted Covered Parking Spaces 9.00 Exterior Amenities Desert LandscapingOther (See Remarks)Separate Storage Lot Size Dimensions 142.17X 175.58 Parking >1 Space Per UnitAssignedCarportStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 926 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeMicrowaveRefrigerator Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/Composition Heating Ceiling Fan(S)CentralElectricHeat Pump Interior Amenities Fire/Smoke Alarm(S)Mini BlindsVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 866.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 113775.00 Annual Elec Exp 1392.00 Annual Gas Exp 0.00 Annual Ins Exp 3200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 2000.00 Annual Maint Exp 3065.00 Annual Mgmt Exp 5500.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 6047.00 Community Amenities No PoolOther (See Remarks) Cross Street Stapley And University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 113400.00 Hoa YN No Net Operating Income 93500.00 New Financing 1031 ExchangeConventional Operating Exp 25218.00 Other Income 375.00 Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Estate Sale Tax Municipality Mesa Taxes 4014.00 Tenant Pays Cable TvElectric Vacancy Allowance 2.00 Water City Franchise Zoning Multi

    Listing courtesy of S.J. Fowler Real Estate, Inc..


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-21T11:11:54.163.
     
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