5825 E University Drive, Mesa, AZ 85205 (MLS# 6489483)
5825 E University Drive, Mesa, AZ 85205 - MLS #6489483
Ask a QuestionProperty Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Concrete
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Built-In Range
Heating: Wall Furnace
Cooling: Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Contract Info
Current Price: $5,880,000
Sold Price: $5,880,000
Status: Closed
List Date: 2022-11-14
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R41
House Number: 5825
Compass: E
Street Name: University
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
County Code: Maricopa
Assessor Number: 141-49-006-K
Tax Year: 2022
General Property Description
Lot Size Dimensions: 98,200 sf
Year Built: 1983
Uncvrd Parking Spcs: 12
Total # of Units: 28
# of Buildings: 7
Zoning: R-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Geo Lat: 33.42223
Geo Lon: -111.704602
Status Change Info
Off Market Date: 2023-05-30
Under Contract Date: 2023-02-15
Close of Escrow Date: 2023-05-19
Sold Price: $5,880,000
Income Expenses
Gross Annual Sch Inc: 486684
Net Operating Income: 366772
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 1332
Avg SqFt: 645
# Baths: 14
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 1582
Avg SqFt: 925
# Baths: 14
Sold Info
Loan Type: Other
Loan Years: 5
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %