$850,000
Mesa, AZ 85205
MLS# 6958810
1 / 41
Property Description
Welcome to this excellent investment opportunity, a charming multi-unit residential building, ideally situated in a sought-after location that combines convenience with comfort. This single-story block construction property features four well-appointed units, perfectly designed for modern living. Comprising of two 2-bedroom, 1-bath units and two cozy 1-bedroom, 1-bath units, offering diverse living options that cater to a variety of lifestyles. Each unit comes with their own private patio, one covered parking space and are individually metered for electricity, allowing residents to manage their utility expenses with ease. Your tenants will benefit from it's location which provides easy access to local amenities, shopping, dining, and transportation.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2025-12-17
Location, Tax & Legal
Unit #: 105-108
Building Number: 105-108
Assessor's Map #: 49
Legal Description (Abbrev): TH PT E2 NE4 SEC 23 DAF COM NW COR E2 NE4 SD SEC TH E 29.31F S 89.85F S 104.56F TO TPOB TH CONT S 10
Assessor's Parcel #: 6
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 420214
Taxes: 985
Legal: TH PT E2 NE4 SEC 23 DAF COM NW COR E2 NE4 SD SEC TH E 29.31F S 89.85F S 104.56F TO TPOB TH CONT S 10
Marketing Name: 4-PLEX
House Number: 5825
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Zip4: 7440
County Code: Maricopa
Assessor Number: 141-49-006-J
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 131 X 103
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Mendoza Elementary School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Year Built: 1983
Zoning: M-M
Legal Info
Range: 6E
Section: 23
Township: 1N
Project Type
Four Plex: 1
Construction
Slump Block: 1
Const - Finish
Brick Veneer: 1
Stone: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3985
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 58140
Total Monthly Rental Income: 61200
Pmt & Rate Info
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Add'l Parking Avail: 1
Assigned: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1100
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1375
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 58th St and University
Directions: East on University, South on 58th St, 2nd property on the left.
Geo Lat: 33.422215
Geo Lon: -111.705839
Income Expenses
Gross Annual Sch Inc: 61200
Property Features
Project Type: Four Plex
Construction: Slump Block
Const - Finish: Brick Veneer; Stone
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Central
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail; Assigned
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Engel & Voelkers Scottsdale
Last Updated: December - 17 - 2025
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