5233 E UNIVERSITY Drive J, Mesa, AZ 85205
$1,275,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,275,000
Last Modified:
1/21/2025
Overview
Description
Listing Details MLS# 5864712
Location, Tax & Legal
- Map Code/Grid
- R41
- House Number
- 5233
- Compass
- E
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85205
- Zip4
- 7303
- Country
- US
- County Code
- Maricopa
- Subdivision
- DREAMLAND VILLA 4
- Assessor Number
- 141-75-096-P
- Tax Year
- 2018
- Unit #
- J
- Assessor's Map #
- 75
- Legal Description (Abbrev)
- DREAMLAND VILLA 4 MCR 92-15 PT TR G DAF COM NE COR TR G TH S ALG E LN SD TR G 99.65F TPOB TH CONT S
- Assessor's Parcel #
- 96
- Assessor Parcel Ltr
- P
- Add'l Parcels
- Yes
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 420214
- Taxes
- 4570
- Legal
- DREAMLAND VILLA 4 MCR 92-15 PT TR G DAF COM NE COR TR G TH S ALG E LN SD TR G 99.65F TPOB TH CONT S
- Marketing Name
- Higley-University Apartme
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irreg
- Year Built
- 1966
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 12
- # of Buildings
- 2
- Zoning
- C-C
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- University and Higley
- Directions
- 202 East to Higley, south to University- through light and immediate left
Status Change Info
- Off Market Date
- 2019-04-22
- Under Contract Date
- 2019-04-04
- Close of Escrow Date
- 2019-04-24
Legal Info
- Township
- 1N
- Range
- 6E
- Section
- 23
- Lot Number
- 141
More Information
Income Expenses
- Gross Annual Sch Inc
- 114540
- Net Operating Income
- 91168
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 791
- Avg SqFt
- 700
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 925
- Avg SqFt
- 800
- # 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
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 700
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2280
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 3600
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 900
- Annual Wtr/Swr Exp
- 4200
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 18250
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 108813
Pmt & Rate Info
- Cap Rate
- 6.66
- Down Payment
- 1369000
- Equity
- 1369000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Barbecue
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Patio/Balcony
- Yes
- Pet Restrictions
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Access Type
- Private Road
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Septic Tank
- Yes
Parking Features
- Carport
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Block; Brick
Const - Finish:
Painted
Roofing:
Composition
Floors:
Concrete; Vinyl; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
Barbecue
Exterior Amenities:
Desert Landscaping; Patio/Balcony; Pet Restrictions; Separate Storage; Security Light(s)
Interior Features:
Unfurnished; Fire/Smoke Alarm(s)
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating:
Heat Pump
Cooling:
Electric; Heat Pump
Water Source:
City Franchise
Sewer:
Septic Tank
Electric:
APS
Gas:
None
Parking Features:
Carport; On Street; 1 Space/Unit
Road Access Type:
Private Road
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Other (See Remarks)
Environmental:
None
Listing Office:
Kasten Long Commercial Group
Last Updated: January - 21 - 2025
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