503 W University Dr - Multi-Family FOR SALE


Mesa, AZ 85201- Central Mesa
$499,994 USD
480-490-3269
503 W University Dr, Mesa, AZ for Sale
$499,994 USD
Multi-Family - FOR SALE
1/17
null | Request Cap Rate

503 W University Dr
Mesa, AZ 85201
Central Mesa


HIGHLIGHTS

  • VALUE ADD

OVERVIEW

Investors dream!!! Amazing Duplex, one unit is 1 bed/1 bath and the second unit is 2 bed/1 bath each with their own covered carport. 1 bed is owner occupied and 2 bed is rented far below market at $1250 a month to 7 year long tenants. Brand new $40,000 OWNED solar, new hot water heaters, new sewer lines, etc. Many high ticket upgrades have been done! Perfect for an investor to improve and significantly raise rents, or for an owner occupied. Zoning also allows for many other uses! Great location, close to freeways, shopping, restaurants and entertainment galore. Don't miss out on the opportunity to have instant cash flow with this gem! Drive by only. DO NOT DISTURB TENANTS. Buyer to verify all Facts & Figures.

FOR SALE DETAILS

PRICE

$499,994 USD

PRICE/SF

$353 USD /SF

# OF UNITS

2

PRICE/UNIT

$249,997

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

503 W University Dr, Mesa AZ 85201

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-G

APN/PARCEL ID

135-59-009

ASK ABOUT THIS PROPERTY

Hannah HammondReal Estate at The FirmMore Info
480-490-3269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Hannah HammondReal Estate at The FirmMore Info
480-490-3269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.