8232 E UNIVERSITY Drive, Mesa, AZ 85207

$1,450,000
Property Type: Multiple Dwellings Bedrooms: 12 Baths: 12 Status: Pending
Current Price: $1,450,000 Last Modified: 11/03/2026

Overview

Description

AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, pickle-ball court, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.5m!

Listing Details MLS# 6967134

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
218-09-197
Tax Year
2025

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
2026-11-03
Under Contract Date
2026-11-03

Legal Info

Township
1N
Range
7E
Section
17
Lot Number
3

More Information

3 Bedrooms Units

# 3 Bedroom Units
4
Avg Rent
2250
Avg SqFt
1800
# Baths
3

Structure

Bedrooms Total
12
Bathrooms Total
12

Income Expenses

Gross Annual Sch Inc
104400
Net Operating Income
103920

Showing Notification Methods

Showing Service
Aligned Showings

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: Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Zoned; Heat Pump Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Garage Door Opener; Attached Garage Road Surface Type: Asphalt Owner Pays: None; Other Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma; Other (See Remarks) Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Balboa Realty, LLC
Office Phone: 602-899-6675
Office Email: denverklane@gmail.com
Last Updated: November - 03 - 2026
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