5825 E UNIVERSITY Drive, Mesa, AZ 85205
$2,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,400,000
Last Modified:
5/03/2021
Overview
Description
Listing Details MLS# 6185528
Location, Tax & Legal
- Map Code/Grid
- R41
- House Number
- 5825
- Compass
- E
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85205
- Zip4
- 7449
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 141-49-006-Q
- Tax Year
- 2020
- Building Number
- B
- Assessor's Map #
- 49
- Legal Description (Abbrev)
- PT E2 NE4 OF SEC 23 COM NE COR OF SD SEC TH W 1019.50F TH S 70F TH E 115.88F POB TH E 115.15F TH S 1
- Assessor's Parcel #
- 6
- Assessor Parcel Ltr
- Q
- Add'l Parcels
- Yes
- Tax Municipality
- Mesa
- Census Tract
- 420214
- Taxes
- 7169
- Tax District
- 04
- Legal
- PT E2 NE4 OF SEC 23 COM NE COR OF SD SEC TH W 1019.50F TH S 70F TH E 115.88F POB TH E 115.15F TH S 1
- Marketing Name
- Sun Court
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- IRR
- Year Built
- 1984
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 16
- # of Buildings
- 4
- Zoning
- R3
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- University & Higley
- Directions
- East to Property. Driveway B
Status Change Info
- Off Market Date
- 2021-04-15
- Under Contract Date
- 2021-02-05
- Close of Escrow Date
- 2021-05-03
Legal Info
- Township
- 1N
- Range
- 6E
- Section
- 23
More Information
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 762
- Avg SqFt
- 645
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 8
- Avg Rent
- 925
- Avg SqFt
- 925
- # Baths
- Yes
Income Expenses
- Gross Annual Sch Inc
- 159300
- Net Operating Income
- 129645
Sold Info
- Loan Type
- Conventional
- Loan Years
- 10
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Brick Veneer
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 480
- Annual Gas Exp
- 0
- Annual Ins Exp
- 2560
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 600
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 6000
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1296
- Annual Wtr/Swr Exp
- 7200
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Operating Exp
- 25305
- Other Income
- 0
- Vacancy Allowance
- 0.02
- Adjusted Gross Inc
- 156114
- Total Monthly Rental Income
- 13500
Pmt & Rate Info
- Cap Rate
- 5.4
- Down Payment
- 0
- Equity
- 2400000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Golf
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Appliances Included
- Disposal
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
Special
- Unincorporated Area
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- 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
- 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:
13 - 24 Units
Construction:
Block; Brick
Const - Finish:
Painted; Brick Veneer
Roofing:
Composition
Floors:
Concrete; Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool; Golf
Exterior Amenities:
Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony
Interior Features:
Unfurnished
Appliances Included:
Built-In Range; Refrigerator; Disposal
Heating:
Individual
Cooling:
Electric; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
Carport; >1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Gas
Source of Fincl Data:
Owner; Projected Proforma
Special:
Unincorporated Area
Showing Notification Methods:
Phone Call
Lockbox Type:
None
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 Othr Ln Trm:
Not Applicable
New Financing:
Conventional
Environmental:
None
Documents
Operating Memo ›
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: May - 03 - 2021
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