546 N DREW Street Active Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85201
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
New Roof, New AC, 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.
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