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960 E UNIVERSITY Drive Mesa, AZ 85203
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Key Details
Sold Price $1,120,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Compton Estates Lot 1-12 Tr A
MLS Listing ID 6131862
Sold Date 10/23/20
Maintenance Fees $3,065
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $4,014
Tax Year 2019
Lot Dimensions 142.17x 175.58
Property Description
This is your chance to own 9 large 2 bed 2 bath units in Mesa with great visibility on University.Located on a large corner lot with covered parking and a common court yard. This property was bought in 1996 and the former owner took great pride in his property. Most of the units have been remodeled with new flooring,Cabinets,fixtures, paint,Tubs, appliances, raised panels doors Ect. This property also features a large laundry room with lockable storage areas for the tenants and leased coin operated washers and dryers for tenant convenience as well as added income for the owner. With most of the tenants being log term and month to month you have options and a lot of room to raise the rent to today's market. A second parcel 137-06-044 is included in sale. Click on the MORE INFO TAB! The current rents range from $775.00-$975.00. These large 2 bed 2 bath units could easily rent between $1000.00-$1100.00 in today's market. Owner pays water,sewer,trash. Tenant pays for electric,cable.
Buyer to verify all Information as facts and figures are approximate.
Drive by only do not disturb tenants.
See attachment's below for some unit pictures, floor plans and financial information
Location
State AZ
County Maricopa
Community Compton Estates Lot 1-12 Tr A
Zoning Multi
Direction From Stapley and University turn West to Temple st . The property is on the North East corner.
Interior
Heating Central, Heat Pump, Electric
Cooling Central A/C, Electric, Ceiling Fan(s)
Appliance FS OvenRange, Refrigerator, Microwave
Exterior
Garage Common
Community Features Other, See Remarks, No Pool
Waterfront No
Roof Type Composition
Parking Type Common
Total Parking Spaces 11
Building
Sewer Public Sewer
Water City Franchise
Schools
Elementary Schools Edison Elementary School
Middle Schools Kino Junior High School
High Schools Westwood High School
School District Mesa Unified District
Others
Senior Community No
Tax ID 137-06-106
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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Bought with Petersen Realty
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