Homes for sale - 546 N DREW Street, Mesa, AZ 85201

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Susan Bermudez

susan@azrealestategal.com +1(480) 631-9498

$ 470,000

Est. payment | -/mo

Save

$ 470,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision Bowen Tract

MLS Listing ID 6837131

Maintenance Fees $220

Year Built 1957

Annual Tax Amount $745

Tax Year 2024

Lot Dimensions 90*70

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

New roof installed in Feb'25 with lifetime shingles and 5 year warranty. New AC & water heaters, all tile flooring. Fully occupied with long term tenants, cash flow positive, current CAP rate at 6.9%, future pro forma to be 7.5%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. This duplex is poised for continuous appreciation in a growing Mesa area, centrally located near 202, 101 and many nearby attractions. Long term tenants in place with potential to further raise rents to market rents. See P&L details in documents section. Do not disturb tenants, showing by appointments 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, Central, Electric

Cooling Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric

Flooring Ceramic Tile, Vinyl

Appliance Dishwasher, Free-Standing Electric Oven, W/D Hookup

Exterior

Parking Features Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Community Features No Pool

Roof Type Other,See Remarks

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 137-29-008

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Listed by Fathom Realty

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+1(480) 631-9498

susan@azrealestategal.com

25 S Arizona Pl #210 Chandler, AZ 85225

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