1005-1029 E UNIVERSITY Drive -, Mesa, AZ 85203

$820,000
Property Type: Land Lot Size (sq. ft.): 107,842 Status: Closed
Current Price: $820,000 List Date: 2/29/2020 Last Modified: 3/11/2020

Overview

Description

2.5 Acre Multi-Family Development Infill Opportunity within the Mesa Arizona Opportunity Zone. On hard corner. Property currently has 6 houses and is paved to serve as over flow parking for adjacent church. Close to Shopping, Dining and Entertainment with US 60 & 202 nearby for quick commute anywhere in the Valley. Wonderful School District. Adjacent to the desirable Frasers Subdivision. Fraser Fields is one of Mesa's historic neighborhoods with Ranch-style homes on large lots and close to Down Town Mesa.

Listing Details MLS# 5938461

Location, Tax & Legal

Map Code/Grid
R39
House Number
1005-1029
Compass
E
Street Name
UNIVERSITY
St Suffix
Drive
City/Town Code
Mesa
State/Province
AZ
Zip Code
85203
Zip4
8036
Country
US
County Code
Maricopa
Assessor Number
138-20-021-A
Tax Year
2018
Lot #
-
Assessor's Map #
20
Legal Description (Abbrev)
BEG 1067.87F W OF NE COR SEC TH W 64.925F S 335.4 8F E 64.925F N 335.48F TO POB EX N 36F RD & EX S 6
Assessor's Parcel #
21
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Mesa
Census Tract
421502
Taxes
5162

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
2.5
Apx Total Acres G/N
G
Price Per Acre
400000
# Lots in Listing
10
Apx SqFt
107842
Price Per SqFt
9.27
Apx SqFt G/N
G
Lot Size Dimensions
Assemblage
Zoning
RM-4

Remarks Misc

Cross Street
University and Stapley
Directions
2.5 Acres in the heart of Mesa. Close to down town and 1/2 mile to the light rail station

Status Change Info

Off Market Date
2020-02-29
Under Contract Date
2019-09-11
Close of Escrow Date
2020-03-10

Legal Info

Township
1N
Range
5E
Section
23
Lot Number
-

More Information

Contact Info

List Agent Home Phn
602-451-3684

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Payment Type
Other
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1000000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Existing Land Use

Residential Acreage
Yes
Commercial Acreage
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes

Gas

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

None
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Acreage; Commercial Acreage Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: 1.00 - 2.49 Acres Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: None Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None
IDX
Listing Office: LRA Real Estate Group, LLC
Last Updated: March - 11 - 2020
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.