Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
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$ 485,000
Est. payment | /mo

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$ 485,000
Est. payment | /mo
Save

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

Arizona Regional MLS (ARMLS)
Listed by Fathom Realty

Learn More About LPT Realty

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546 N DREW Street