8232 E UNIVERSITY Drive, Mesa, AZ 85207
$1,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,400,000
Last Modified:
1/12/2026
Overview
Description
Listing Details MLS# 6960530
Location, Tax & Legal
- House Number
- 8232
- Compass
- E
- Street Name
- UNIVERSITY
- St Suffix
- Drive
- City/Town Code
- Mesa
- State/Province
- AZ
- Zip Code
- 85207
- Country
- US
- County Code
- Maricopa
- Subdivision
- PROJECT 4
- Assessor Number
- 218-09-196
- Tax Year
- 2025
- Assessor's Map #
- 9
- Legal Description (Abbrev)
- LOT 2 PROJECT 4 MCR
- Assessor's Parcel #
- 196
- Add'l Parcels
- No
- Tax Municipality
- Mesa
- Census Tract
- 420104
- Taxes
- 843
- Legal
- LOT 2 PROJECT 4 MCR
- Marketing Name
- Balboa Village
Contract Info
- Ownership
- Other (See Remarks)
General Property Description
- Lot Size Dimensions
- 6000
- Year Built
- 2025
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- Residental
- Elementary School District
- Mesa Unified District
- High School District
- Mesa Unified District
Remarks Misc
- Cross Street
- University & Hawes
Status Change Info
- Off Market Date
- 2025-12-23
- Under Contract Date
- 2025-11-26
- Close of Escrow Date
- 2026-01-12
Legal Info
- Township
- 1N
- Range
- 7E
- Section
- 17
- Lot Number
- 2
More Information
Income Expenses
- Gross Annual Sch Inc
- 115200
- Net Operating Income
- 103920
Showing Notification Methods
- Showing Service
- Aligned Showings
3 Bedrooms Units
- # 3 Bedroom Units
- 4
- Avg Rent
- 2400
- Avg SqFt
- 1800
- # Baths
- 12
Sold Info
- Loan Type
- Other
- 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
- Wood Frame
- Yes
Const - Finish
- Board & Batten Siding
- Yes
- Lap Siding
- Yes
- Painted
- Yes
- Stucco
- Yes
Construction Status
- Under Construction
- Yes
Roofing
- Composition
- Yes
- Metal
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Other (See Remarks)
- Yes
Income & Expenses
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 400
- Operating Exp
- 1243
- Other Income
- 0
- Vacancy Allowance
- 0.95
- Adjusted Gross Inc
- 5760
Pmt & Rate Info
- Cap Rate
- 6.93
- Equity
- 1499900
- Down Payment %
- 25
- Monthly Payments
- 5000
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Sidewalk(s)
- Yes
Interior Features
- Vertical Blinds
- Yes
- Mini Blinds
- Yes
- Breakfast Bar
- Yes
Tenant Pays
- Other (See Remarks)
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Free-Standing Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Other (See Remarks)
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Garage
- Yes
- On Street
- Yes
- 1 Space/Unit
- Yes
- Garage Door Opener
- Yes
- Attached Garage
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Other
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Wood Frame
Const - Finish:
Board & Batten Siding; Lap Siding; Painted; Stucco
Construction Status:
Under Construction
Roofing:
Composition; Metal
Floors:
Ceramic Tile; Carpet
Sale Includes:
Land & Building; Personal Property; Other (See Remarks)
Community Features:
Other
Exterior Amenities:
Landscape Water System; Desert Landscaping; Sidewalk(s)
Interior Features:
Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included:
Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling:
Ceiling Fan(s); Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Garage; On Street; 1 Space/Unit; Garage Door Opener; Attached Garage
Road Surface Type:
Asphalt
Owner Pays:
Other
Tenant Pays:
Other (See Remarks)
Source of Fincl Data:
Other (See Remarks)
Lockbox Type:
None
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Balboa Realty, LLC
Last Updated: January - 12 - 2026
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