$1,000,000
SOLD OCT 2, 2020

1609 W University Dr Mesa, AZ 85201

West Main Neighborhood
-- Bed
-- Bath
3,754 Sq Ft
0.39 Acres

Recently Sold

$266 Per Sq Ft

1% Above List Price

65 Days on Market

Highlights

  • 0.39 Acre Lot
  • Ceramic Tile Flooring
  • Heating Available
  • Franklin at Brimhall Elementary School Rated A
  • Central Air

About This Home

As of December 2023

Since 1970, Carpet, Vinyl and Installation Services being Sold from this Location. Investors, Realtors and Homeowners have been coming to this Location for AFFORDABLE flooring and installation services. Unique Presentation. Overhead is OBVIOUSLY low and Profits High. $1.5m Gross Sales and$470K in Net Profits in 2019. TWO Employees on Salary. Enough Left Over to Raise a Family, Pay Off a Mortgage, Purchase A LOT of Toys and Build a Retirement Nest Egg. This is what EVERY Entrepreneur is Looking for. 3,672sf Building. 16,911sf HARD Corner Lot with a Stop Light. 2 Miles from the 101 Freeway. Central Mesa...508,000 People. Price Includes: Land, Building, FF&E (2-Fork Lifts, Racks, Truck, Storage Container), Inventory, Name, Goodwill. May Carry with 50% Down.

Last Agent to Sell the Property

Jon Beydler

Citypoint Arizona LLC License #BR543141000

Co-Listed By

Cheryl Beydler

Valley of the Sun Real Estate License #SA554311000

Last Buyer's Agent

Jon Beydler

Valley of the Sun Real Estate License #BR543141000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,940

Year Built

  • Built in 1960

Lot Details

  • 0.39 Acre Lot
  • Property fronts an alley
  • Property is zoned Commercial

Home Design

  • 3,754 Sq Ft Home
  • Built-Up Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Public Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating Available
  • 220 Volts

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 135-64-116

Community Details

Building Details

  • Operating Expense $863,940
  • Gross Income $1,500,888
  • Net Operating Income $401,000

Additional Features

  • Casa Mesa Amended Lot 192 299 & Tr B Subdivision
  • Showroom

Property Details

Property Type

Other

Est. Annual Taxes

$5,940

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: University & Longmore
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2019
  • Directions: 101 Freeway to University Drive East to Longmore Street (Stop Light). Property on SWC of the Intersection.
  • Lot Size Acres: 0.39
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: vlly01
  • Co List Office Phone: 480-600-6001
  • Subdivision Name: CASA MESA AMENDED LOT 192-299 & TR B
  • Structure Type: Commercial, Office, Distribution/Warehse
  • Railroad Available: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Living Area: 3754.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: 220 Volts, SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Green Building Features: Showroom
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Showroom: Yes

Lot Info

  • Lot Size Sq Ft: 16911.0
  • Parcel #: 135-64-116
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 1500888.0
  • Property Net Operating Income: 401000.0
  • Annual Operating Expense: 863940.0

Tax Info

  • Tax Annual Amount: 5940.0
  • Tax Book Number: 135.00
  • Tax Lot: A
  • Tax Map Number: 64.00

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $980,000 -19.0% $261 / Sq Ft
12/23/2023 12/23/23 Price Changed $1,210,000 0.0% $322 / Sq Ft
12/16/2023 12/16/23 Price Changed $1,210,000 0.0% $322 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
11/04/2023 11/04/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $1,210,000 +21.0% $322 / Sq Ft
10/02/2020 10/02/20 Sold $1,000,000 +1.0% $266 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $990,000 -- $264 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,909 $58,370 -- --
2024 $6,137 $57,328 -- --
2023 $6,137 $71,162 $36,788 $34,374
2022 $6,187 $74,270 $42,665 $31,605
2021 $6,442 $71,226 $39,528 $31,698
2020 $6,358 $69,750 $38,358 $31,392
2019 $5,940 $64,026 $34,290 $29,736
2018 $5,701 $58,770 $30,186 $28,584
2017 $5,531 $56,700 $27,954 $28,746
2016 $5,428 $50,202 $24,300 $25,902
2015 $5,244 $42,883 $22,496 $20,387
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $464,000 New Conventional
Closed $339,200 Future Advance Clause Open End Mortgage
Closed $500,000 Commercial
Previous Owner $150,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,000,000 Driggs Title Agency Inc
Special Warranty Deed $400,000 Driggs Title Agency Inc
Interfamily Deed Transfer -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6068956

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-64-116

Arizona Maricopa County Mesa 85201 West Main

1609 W University Dr, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 1609 W University Dr, Mesa, AZ 85201 and is currently priced at $1,000,000, approximately $266 per square foot. This property was built in 1960. 1609 W University Dr is a home located in Maricopa County with nearby schools including Webster Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393