Price Reduction
Address
20 W UNIVERSITY Drive # FRNT, Mesa, AZ
Price
$ 375,000
Property Attributes
  • MLS#6675094
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodMESA ARIZONA
  • Zip85201
  • StyleMultiple Dwellings
  • Year Built1953
  • Taxes$ 700
  • Price$ 375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Great Duplex Opportunity in growing area. This property is located almost at the corner of University Drive and Center, near Downtown Mesa, Mesa Amphitheatre, and Convention Center. This investment opportunity holds 2 Units - each are around 860 SF with huge upside potential. The current rents even at current rates are well below the market. Its location makes this a great fix and hold. Units at this size are rare. Large Patios and extra storage space. One of the AC units has just been replaced. The Car Wash next store is also available which makes this an even better opportunity to redevelop or add more units.

Price History
3/28/2024 Listed $399,000
4/30/2024 7% - $375,000

General Features

Sewer Public Sewer
Heating Electric
Cooling Central A/C
Roof Composition
Zoning DB-1
Construction Materials Painted,Block
Year Built 1953
Electric SRP
Tenant Pays Trash Collection,Gas,Electricity,Water,Sewer,Cable TV
Township 1N
Unit Number FRNT
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 0.0
OwnerPays None
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 700.0
Property Type Multiple Dwellings
Attached Garage No
Subdivision Name MESA ARIZONA
Garage Y/N No
Status Active
Directions From Mesa dr,head West on University dr and property will be on the right. From Country Club,head East and property will be on the left.
City Mesa
Buyer Agent Compensation 3.00
Disclosures None
View Y/N No
High School District Mesa Unified District
Open Parking Spaces 4.0
Total Units 2
Lot Size Square Feet 0.0
Carport Y/N No
Street Name UNIVERSITY
Tax Annual Amount 700.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 64
Standard Status Active
Elementary School District Mesa Unified District
Tax Lot 112
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Drive
Electric On Property Y/N No

Exterior Features

Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 4.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions 6,273
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85201

Price
AVG $950K
$380K
Taxes
AVG $1,239
$700
Visits
AVG 157
236
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1953