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503 W University Dr, Mesa AZ 85201 503 W University Dr 2 Unit Apartment Building $499,994 ($249,997/Unit) Mesa, AZ 85201

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Investment Highlights

VALUE ADD

Executive Summary

Investors dream!!! Amazing Duplex, one unit is 1 bed/1 bath and the second unit is 2 bed/1 bath each with their own covered carport. 1 bed is owner occupied and 2 bed is rented far below market at $1250 a month to 7 year long tenants. Brand new $40,000 OWNED solar, new hot water heaters, new sewer lines, etc. Many high ticket upgrades have been done! Perfect for an investor to improve and significantly raise rents, or for an owner occupied. Zoning also allows for many other uses! Great location, close to freeways, shopping, restaurants and entertainment galore. Don't miss out on the opportunity to have instant cash flow with this gem! Drive by only. DO NOT DISTURB TENANTS. Buyer to verify all Facts & Figures.

Property Facts

Price	$499,994	Building Class	C
Price Per Unit	$249,997	Lot Size	0.16 AC
Sale Type	Investment	Building Size	2,638 SF
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built	1959
Property Subtype	Apartment Multifamily Apartments	Parking Ratio	1.41/1,000 SF
Apartment Style	Single-Family Home	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-G - GENERAL COMMERCIAL

Price	$499,994
Price Per Unit	$249,997
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Single-Family Home
Building Class	C
Lot Size	0.16 AC
Building Size	2,638 SF
No. Stories	1
Year Built	1959
Parking Ratio	1.41/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-G - GENERAL COMMERCIAL