546 N Drew Street, Mesa, AZ 85201
- $425,000
- Sold Price
- $425,000
- List Price
- $470,000
- Closing Date
- May 29, 2025
- Days on Market
- 47
- Status
- CLOSED
- MLS#
- 6837131
- City
- Mesa
- Subdivision
- Bowen Tract
- Year Built
- 1957
Property Description
New roof installed in Feb'25 with lifetime shingles and 5 year warranty. New AC & water heaters, all tile flooring. Fully occupied with long term tenants, cash flow positive, current CAP rate at 6.9%, future pro forma to be 7.5%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. This duplex is poised for continuous appreciation in a growing Mesa area, centrally located near 202, 101 and many nearby attractions. Long term tenants in place with potential to further raise rents to market rents. See P&L details in documents section. Do not disturb tenants, showing by appointments only. The selling agent is a partial owner of the property
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Additional Information
- School District
- Mesa Unified District
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric
- Electric
- City Electric
- Flooring
- Ceramic Tile, Vinyl
- Heating
- ENERGY STAR Qualified Equipment, Central, Electric
- New Financing
- 1031 Exchange
- Parking Features
- Paved, Free, Add'l Parking Avail, >1 Space Per Unit
- Roofing
- Other, See Remarks
- Sewer
- Public Sewer
- Subdivision
- Bowen Tract
- Taxes
- $745
- Tax Year
- 2024
- Units
- 2
- Water
- City Franchise
- Zoning
- R-2
Courtesy of Fathom Realty. 877-661-1977 Selling Office: Fathom Realty.
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