5925 E UNIVERSITY Drive, Mesa, AZ 85205
$1,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,600,000
Last Modified:
1/13/2025
Overview
Description
Listing Details MLS# 5809367
Location, Tax & Legal
- Map Code/Grid
- R41
- House Number
- 5925
- Compass
- E
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85205
- Zip4
- 7452
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 141-49-006-E
- Tax Year
- 2017
- Assessor's Map #
- 49
- Legal Description (Abbrev)
- PT E2 NE4 DAF W 273.25F OF E 528.25F OF N 296F EX N 70F RD
- Assessor's Parcel #
- 6
- Assessor Parcel Ltr
- E
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 420214
- Taxes
- 8388
- Legal
- PT E2 NE4 DAF W 273.25F OF E 528.25F OF N 296F EX N 70F RD
- Marketing Name
- -
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 1.41 Acres
- Year Built
- 1984
- Total # of Units
- 22
- # of Buildings
- 4
- Zoning
- R-4
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- University & Recker
- Directions
- Us 60 Exit on Power, go north to University, west to property
Status Change Info
- Off Market Date
- 2018-09-28
- Under Contract Date
- 2018-09-28
- Close of Escrow Date
- 2018-12-12
Legal Info
- Township
- 1N
- Range
- 6E
- Section
- 23
- Lot Number
- -
More Information
1 Bedroom Units
- # 1 Bedroom Units
- 16
- Avg Rent
- 625
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 6
- Avg Rent
- 675
- # Baths
- 2
Income Expenses
- Gross Annual Sch Inc
- 161600
- Net Operating Income
- 77475
Contact Info
- List Agent Home Phn
- 480-924-4171
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- 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
- Wood Frame
- Yes
- Brick
- Yes
Const - Finish
- Brick Veneer
- Yes
Roofing
- Composition
- Yes
Floors
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 1015.94
- Annual Gas Exp
- 0
- Annual Ins Exp
- 5348
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 7320
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 13832.59
- Annual Trash Exp
- 6195.34
- Annual Wtr/Swr Exp
- 7570.89
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 875
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 5700
- Operating Exp
- 56245.76
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 161600
Pmt & Rate Info
- Cap Rate
- 4.31
- Down Payment
- 0
- Equity
- 1799000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Clubhouse
- Yes
- Exercise Room
- Yes
- Tennis Court(s)
- Yes
- Shuffle Brd/Lawn Bwl
- Yes
Heating
- Individual
- Yes
Cooling
- Individual
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Unknown
- Yes
Water Source
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- 1 Space/Unit
- Yes
Electric
- City Electric
- Yes
Gas
- City Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- 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
- 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
- Other (See Remarks)
- 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; Wood Frame; Brick
Const - Finish:
Brick Veneer
Roofing:
Composition
Floors:
Carpet
Sale Includes:
Land & Building
Community Features:
Pool; Clubhouse; Exercise Room; Tennis Court(s); Shuffle Brd/Lawn Bwl
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher
Heating:
Individual
Cooling:
Individual
Water Source:
Individual Meter
Sewer:
Sewer - Public
Electric:
City Electric
Gas:
City Gas; Individual Meter
Parking Features:
Carport; 1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Unknown
Existing 1st Loan:
Treat as Free&Clear
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:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Farnsworth Investments Inc
Last Updated: January - 13 - 2025
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