Mesa, AZ 85201,546 N DREW Street
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Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
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$ 485,000
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546 N DREW Street Mesa, AZ 85201


UPDATED:

02/21/2025 04:00 PM

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


Arizona Regional MLS (ARMLS)
Listed by Fathom Realty
agent

Jim Bruske

Real Estate Advisor | License ID: SA 534228000

+1(602) 768-3772

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546 N DREW Street