434 W UNIVERSITY Drive, Mesa, AZ 85201
$750,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$750,000
Last Modified:
11/30/2022
Overview
Description
Listing Details MLS# 6422852
Location, Tax & Legal
- Map Code/Grid
- Q38
- House Number
- 434
- Compass
- W
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85201
- Zip4
- 5721
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 135-25-049-A
- Tax Year
- 2021
- Assessor's Map #
- 25
- Legal Description (Abbrev)
- BEG AT PT 333' W & 33' N OF SE COR SE4 TH N 150' TH W 68' TO PT TH S 150' TH E 68' TO POB EX S 3' .2
- Assessor's Parcel #
- 49
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 421102
- Taxes
- 1306
- Legal
- BEG AT PT 333' W & 33' N OF SE COR SE4 TH N 150' TH W 68' TO PT TH S 150' TH E 68' TO POB EX S 3' .2
- Marketing Name
- University 4
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 10019
- Year Built
- 1958
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- RM-4
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- University Drive and Country Club Drive
Status Change Info
- Off Market Date
- 2022-11-22
- Under Contract Date
- 2022-10-13
- Close of Escrow Date
- 2022-11-29
Legal Info
- Township
- 1N
- Range
- 5E
- Section
- 16
More Information
Income Expenses
- Gross Annual Sch Inc
- 59640
- Net Operating Income
- 51614
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 1190
- Avg SqFt
- 600
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 3
- Avg Rent
- 1400
- Avg SqFt
- 850
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Ins Exp
- 900
- Annual Landscape Exp
- 720
- Annual Maint Exp
- 600
- Annual Wtr/Swr Exp
- 1800
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 5326
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 59640
Pmt & Rate Info
- Cap Rate
- 6.26
- Equity
- 825000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Separate Storage
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Block
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping; Separate Storage
Appliances Included:
Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating:
Individual
Cooling:
Ceiling Fan(s); Electric; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
Carport; >1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
None
New Financing:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Orion Investment Real Estate
Last Updated: November - 30 - 2022
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