x
Address
5233 E University Drive, Unit J Mesa, AZ
Price
$ 1,369,000
Property Attributes
  • MLS#5864712
  • TypeMulti-Family
  • CountyMARICOPA
  • CityMesa
  • NeighborhoodDreamland Villa 4
  • Zip85205
  • Style
  • Year Built1966
  • Taxes4570
  • Price$ 1,369,000
  • Bedrooms16
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage8800
Listing Provided Courtesy Of:
Kasten Long Commercial Group
Property Description

Part of Dreamland Villas, this 12 unit offering provides a mix of spacious 1-bedroom and 2-bedroom rental units in a low density setting with large front and rear entries and covered porches. Each rental unit is individually metered for electricity and has its own reserved covered parking space. Upgraded electrical service panels have been installed at the property. Seven units have been tastefully updated to include new flooring, re-textured walls and ceilings, new counters, GFCI outlets, tiled shower surrounds and tiled kitchen back splashes, premium appliance packages, & upgraded lighting & plumbing fixtures. While rents are higher for the updated units, they are STILL WAY below market and several units are period correct allowing a new owner good upside in finishing upgrades.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/8/2019 Listed $1,369,000

General Features

1 Bedroom Units: Avg Rent 750.00
2 Bedroom Units: Avg Rent 925.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Brick
Listing Status Active
Map Code/Grid R41
Net Income 91168.00
New Financing Other (See Remarks)
Owner Pays Water, Landscaping, Trash, Sewer
Property Type F
Public Remarks Part of Dreamland Villas
School District 004 - Mesa Unified District
Subdivision DREAMLAND VILLA 4
Tenant Pays Electric, Cable TV
Type ER
Unit Number J
Year Built 1966
Zoning C-C

Interior Features

1 Bedroom Units: # 1 Bedroom Units 8
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 700
2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 800
Appliances Included F/S Oven/Range, Microwave, Disposal, Dishwasher, Refrigerator
Cooling Electric Refrigeratd, Heat Pump
Electric APS
Floors Concrete, Vinyl/Composition, Ceramic Tile
Gas None
Heating Electric, Heat Pump
Interior Features Unfurnished, Fire/Smoke Alarm(s)
Total Number of Units 12.00

Exterior Features

Sale Includes Land & Building
Complex Features Barbecue Area(s)
Const - Finish Painted
Covered Parking Spcs 12.00
Exterior Features Desert Landscaping, Security Light(s), Separate Storage, Pet Restrictions, Patio/Balcony
Lot Size Dimensions irreg
Parking 1 Space/Unit, Street Parking, Carport
Roof Comp Shingle
Sewer Septic
Total Parking Spcs 16.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85205

Price
AVG $730K
$1.37M
Taxes
AVG $2,936
$4,570
Visits
AVG 17
45
Year Built
AVG 1982
1966
Walkscore
AVG 37
37