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546 N DREW Street, Mesa, AZ 85201,Mesa,Maricopa,Multiple Dwellings
Multiple Dwellings
Active
546 N DREW Street, Mesa, AZ 85201
546 N DREW Street, Mesa, AZ 85201,Mesa,Maricopa,Multiple Dwellings
Description
Incredible INVESTOR opportunity to own a fully occupied, cash flow positive duplex. Current Cap rate at 6.5%, Future Performa to be 7%
Centrally located in Mesa, near 202, 101 and many attractions such as Downtown Mesa, Mesa Amphitheatre, and Convention Center. 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, 1 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. Owner agent
disclosure: The selling agent is a partial owner of the property.
Details
Year Built
1957
1957
Additional details
- AdditionalParcelsYN:
- CommunityFeatures: Other
- ConstructionMaterials: Painted,Stucco,Frame - Wood
- Cooling: Ceiling Fan(s),ENERGY STAR Qualified Equipment,Electric,Individual,Central A/C
- CoveredSpaces: 0
- CurrentFinancing: Not Applicable
- Disclosures: Seller Prop Disc Stm
- DocumentsCount: 0
- Electric: City Electric,Individual Meter
- ElementarySchoolDistrict: Mesa Unified District
- FinancialDataSource: Owner
- Flooring: Ceramic Tile,Wood
- GrossIncome: 35148
- GrossScheduledIncome: 35148
- Heating: ENERGY STAR Qualified Equipment,Individual,Central,Electric
- InsuranceExpense: 1292
- ListAgentKey: 20240916194847975856000000
- ListAgentMlsId: hw114
- ListOfficeKey: 20130611200357611179000000
- ListOfficeMlsId: frph01
- ListingContractDate: 2025-01-26
- ListingKey: 20250125180155754331000000
- ListingTerms: Conventional,1031 Exchange
- LotSizeArea: 0
- LotSizeDimensions: 90*70
- LotSizeSquareFeet: 0
- MaintenanceExpense: 220
- MlsStatus: Active
- ModificationTimestamp: 2025-01-26T22:48:22.000Z
- NetOperatingIncome: 30415.59
- NumberOfUnitsTotal: 2
- OpenParkingSpaces: 8
- OperatingExpense: 4729
- OriginalEntryTimestamp: 2025-01-26T22:39:53.000Z
- OriginatingSystemID: M00000048
- OriginatingSystemKey: 20250125180155754331000000
- OriginatingSystemName: Arizona Regional Multiple Listing Service (ARMLS)
- OwnerPays: Trash Collection,Water,Sewer
- ParcelNumber: 137-29-008
- ParkingFeatures: Paved Parking,Add'l Parking Avail,>1 Space Per Unit,Street Parking
- ParkingTotal: 8
- PhotosChangeTimestamp: 2025-01-26T21:39:54.000Z
- PhotosCount: 9
- PostalCity: Mesa
- PostalCodePlus4: 5014
- PublicSurveyRange: 5E
- PublicSurveySection: 15
- RoadSurfaceType: Concrete
- Roof: Composition
- Sewer: Public Sewer
- SourceSystemID: M00000048
- SourceSystemKey: 20250125180155754331000000
- SourceSystemName: Arizona Regional Multiple Listing Service (ARMLS)
- StateOrProvince: AZ
- StatusChangeTimestamp: 2025-01-26T21:39:53.000Z
- StreetDirPrefix: N
- StreetName: DREW
- StreetNumber: 546
- StreetSuffix: Street
- TaxBookNumber: 137.00
- TaxLegalDescription: LOT 8 BOWEN TRACT MCR 006304
- TaxLot: 8
- TaxYear: 2024
- TenantPays: Electricity
- Township: 1N
- VacancyAllowanceRate: 0
- VideosCount: 0
- WaterSewerExpense: 2472
- WaterSource: City Franchise,Master Meter
- Zoning: R-3
- ListAgentFirstName: Han
- ListAgentLastName: Wu
- ListAgentPreferredPhone: 480-452-7195
- ListOfficeEmail: bobettesanchez@FathomRealty.com
- ListOfficeName: Fathom Realty
- ListOfficePhone: 928-830-2900
- ListOfficeURL: http://www.fathomrealty.com
- ContractStatusChangeDate: 2025-01-26
- TaxAnnualAmount: 745
- InternetConsumerCommentYN:
- InternetAutomatedValuationDisplayYN:
- CapRate: 6.47
- StreetNumberNumeric: 546
- ListAgentFullName: Han Wu
- InternetAddressDisplayYN: 1
- NumberOfBuildings: 1
- InternetEntireListingDisplayYN: 1
Address
- Address DREW
- City Mesa
- State/county Maricopa
- Zip/Postal Code 85201
- Area BOWEN TRACT
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