546 N DREW Street Active Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85201
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Bowen Tract
MLS Listing ID 6811062
Maintenance Fees $220
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1957
Annual Tax Amount $745
Tax Year 2024
Lot Dimensions 90*70
Property Description
Priced to Sell! Incredible INVESTOR opportunity to own a fully occupied, cash flow positive duplex. Current CAP rate at 6.7%, Future pro forma to be 7.3 %. Rare find these days for above 6% CAP properties.
Brand new roof to be installed next week with 30 years shingle.
Centrally located in Mesa, near 202, 101 and many attractions. This duplex is poised for continuous appreciation in the growing Mesa area.
This duplex features 2 units, one is 1 bedroom, 1 bath, the other is 3 bedroom, 2 bath. Long term tenants in place with potential for further rent increase to market rents. 1 bedroom was fully renovated with new bathroom, new tiles throughout the unit.
Do not disturb tenants, showing by appointment only. The selling agent is a partial owner of the property
Location
State AZ
County Maricopa
Community Bowen Tract
Zoning R-2
Interior
Heating ENERGY STAR Qualified Equipment,Individual,Central,Electric
Cooling Ceiling Fan(s),ENERGY STAR Qualified Equipment,Electric,Individual,Central A/C
Flooring Ceramic Tile,Wood
Appliance F/S Oven/Range,Microwave,W/D Hookup
Exterior
Parking Features Paved Parking,Add'l Parking Avail,>1 Space Per Unit,Street Parking
Community Features Other
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise,Master Meter
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 137-29-008
Acceptable Financing Conventional,1031 Exchange
Listing Terms Conventional,1031 Exchange