8246 E UNIVERSITY Drive, Mesa, AZ 85207
$1,499,890
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,499,890
Last Modified:
6/18/2025
Description
AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex qualifies for an FHA loan, and is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, ramada/tot lot area, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.35m!
More Information MLS# 6871664
Contract Info
Current Price: $1,499,890
List Price: $1,499,890
Status: Active
List Date: 2025-05-27
Ownership: Other (See Remarks)
Location Tax Legal
House Number: 8246
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85207
County Code: Maricopa
Subdivision: Project 4
Assessor Number: 218-09-005
Tax Year: 2022
General Property Description
Lot Size Dimensions: 6000
Year Built: 2023
Total # of Units: 4
# of Buildings: 1
Zoning: Residental
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Cross Street: University & Hawes
Geo Lat: 33.422537
Geo Lon: -111.653323
Legal Info
Township: 1N
Range: 7E
Section: 17
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 115200
Net Operating Income: 103920
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 4
Avg Rent: 2400
Avg SqFt: 1520
# Baths: 8
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 2400
Avg SqFt: 1520
# Baths: 8
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Other
Sale Includes: Other (See Remarks)
Community Features: Other
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Electric
Water Source: Private
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage; On Street
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
New Financing: FHA; Conventional
Environmental: None
Listing Office: Balboa Realty, LLC
Last Updated: June - 18 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.