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546 N DREW Street, Mesa, AZ 85201,Mesa,Maricopa,Multiple Dwellings

  • $470,000
546 N DREW Street, Mesa, AZ 85201
Multiple Dwellings Closed

546 N DREW Street, Mesa, AZ 85201,Mesa,Maricopa,Multiple Dwellings

546 N DREW Street, Mesa, AZ 85201
  • $470,000

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

Details

Year Built
1957
Updated on May 29, 2025 at 4:03 pm

Additional details

  • AdditionalParcelsYN:
  • BuyerAgentKey: 20240916194847975856000000
  • BuyerAgentMlsId: hw114
  • BuyerAgentPreferredPhone: 480-452-7195
  • BuyerOfficeEmail: bobettesanchez@FathomRealty.com
  • BuyerOfficeKey: 20130611200357611179000000
  • BuyerOfficeMlsId: frph01
  • BuyerOfficeName: Fathom Realty
  • BuyerOfficePhone: 928-830-2900
  • CloseDate: 2025-05-29
  • ClosePrice: 425000
  • CommunityFeatures: No Pool
  • ConstructionMaterials: Wood Frame,Painted,Stucco
  • Cooling: Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment,Electric
  • CoveredSpaces: 0
  • Disclosures: None
  • DocumentsChangeTimestamp: 2025-04-04T19:29:25Z
  • DocumentsCount: 3
  • Electric: City Electric
  • ElementarySchoolDistrict: Mesa Unified District
  • FinancialDataSource: Owner
  • Flooring: Ceramic Tile,Vinyl
  • GrossIncome: 35520
  • GrossScheduledIncome: 35520
  • Heating: ENERGY STAR Qualified Equipment,Central,Electric
  • InsuranceExpense: 1292
  • ListAgentKey: 20240916194847975856000000
  • ListAgentMlsId: hw114
  • ListOfficeKey: 20130611200357611179000000
  • ListOfficeMlsId: frph01
  • ListingContractDate: 2025-03-18
  • ListingKey: 20250318191441105910000000
  • ListingTerms: 1031 Exchange
  • LotSizeArea: 0
  • LotSizeDimensions: 90*70
  • LotSizeSquareFeet: 0
  • MaintenanceExpense: 220
  • MlsStatus: Closed
  • ModificationTimestamp: 2025-05-29T14:50:00Z
  • NetOperatingIncome: 32327.23
  • NumberOfUnitsTotal: 2
  • OffMarketDate: 2025-05-04
  • OpenParkingSpaces: 8
  • OperatingExpense: 4729
  • OriginalEntryTimestamp: 2025-03-18T21:45:23Z
  • OriginatingSystemID: M00000048
  • OriginatingSystemKey: 20250318191441105910000000
  • OriginatingSystemName: Arizona Regional Multiple Listing Service (ARMLS)
  • OwnerPays: Trash Collection,Water,Sewer,Landscaping
  • ParcelNumber: 137-29-008
  • ParkingFeatures: Paved,Free,Add'l Parking Avail,>1 Space Per Unit
  • ParkingTotal: 8
  • PhotosChangeTimestamp: 2025-04-07T00:21:21Z
  • PhotosCount: 21
  • PostalCity: Mesa
  • PostalCodePlus4: 5014
  • PriceChangeTimestamp: 2025-04-04T19:25:53Z
  • PublicSurveyRange: 5E
  • PublicSurveySection: 15
  • PurchaseContractDate: 2025-05-04
  • RoadSurfaceType: Concrete
  • Roof: Other,See Remarks
  • Sewer: Public Sewer
  • SourceSystemID: M00000048
  • SourceSystemKey: 20250318191441105910000000
  • SourceSystemName: Arizona Regional Multiple Listing Service (ARMLS)
  • StateOrProvince: AZ
  • StatusChangeTimestamp: 2025-05-29T14:49:42Z
  • StreetDirPrefix: N
  • StreetName: DREW
  • StreetNumber: 546
  • StreetSuffix: Street
  • TaxBookNumber: 137.00
  • TaxLegalDescription: LOT 8 BOWEN TRACT MCR 006304
  • TaxLot: 8
  • TaxYear: 2024
  • Township: 1N
  • VacancyAllowanceRate: 0
  • VideosCount: 0
  • WaterSewerExpense: 2472
  • WaterSource: City Franchise
  • Zoning: R-2
  • 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: 2025-05-29
  • TaxAnnualAmount: 745
  • InternetConsumerCommentYN:
  • InternetAutomatedValuationDisplayYN:
  • CapRate: 6.88
  • StreetNumberNumeric: 546
  • ListAgentFullName: Han Wu
  • InternetAddressDisplayYN: 1
  • BuyerAgentFullName: Han Wu
  • NumberOfBuildings: 1
  • InternetEntireListingDisplayYN: 1

Address

  • Address DREW
  • City Mesa
  • State/county Maricopa
  • Zip/Postal Code 85201
  • Area BOWEN TRACT

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