NOT LISTED FOR SALE

5233 E University Dr Unit P Mesa, AZ 85205

Central Mesa East Neighborhood
16 Beds
12 Baths
1,500 Sq Ft
1966 Built

Last Sold April 02, 2018

Last sale price $800,000 $533 Per Sq Ft

172 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2018

Dreamland Villa Apartments are in a 55 plus community with out the HOA. All block construction and have central air condtioners. Current rents are 500-550 way below market. Proforma rents are 600-750. Carport parking and super close to freeways. Super nice clean landscaping for lower maintenance and upkeep. Longer term tenants. Seller is motivated and bring your offer's now. All facts and are apporximate buyer verify MLS information.

Last Listed By

Brian Tranetzki

Taylor Street Advisors License #BR581404000 Listed on: 08/29/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,430

Year Built

  • Built in 1966

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 24 Parking Spaces
  • 12 Covered Spaces

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 141-75-096-Q

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are 33759
  • Dreamland Villa 4 Subdivision

Building Details

  • Operating Expense $31,376
  • Gross Income $88,920
  • Net Operating Income $57,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,430

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: Higley and University dr
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 2
  • Year Built: 1966
  • Tax Year: 2016
  • Directions: Head N on Higley make right on University dr building will be on right
  • Road Surface Type: Asphalt
  • Subdivision Name: DREAMLAND VILLA 4
  • Tax Parcel Letter: Q
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Trash Expense: 3000.0
  • Annual Water Sewer Expense: 6000.0

Lot Info

  • Lot Size: 33759
  • Additional Parcels: No
  • Parcel #: 141-75-096-Q

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Electric Expense: 550.0
  • Annual Gross Income: 88920.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 9600.0
  • Property Net Operating Income: 57544.0
  • Annual Operating Expense: 31376.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4430.0
  • Tax Book Number: 141.00
  • Tax Lot: NA

Range of Values:

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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
04/02/2018 04/02/18 Sold $800,000 -1.2% $533 / Sq Ft
02/02/2018 02/02/18 For Sale $810,000 +1.3% $540 / Sq Ft
02/01/2018 02/01/18 Off Market $800,000 -- --
01/17/2018 01/17/18 Price Changed $810,000 -10.0% $540 / Sq Ft
09/02/2017 09/02/17 Price Changed $900,000 -5.3% $600 / Sq Ft
09/02/2017 09/02/17 Price Changed $950,000 +5.6% $633 / Sq Ft
08/28/2017 08/28/17 For Sale $900,000 -- $600 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Tranetzki

    Seller's Agent in 2018

    Brian Tranetzki

    Taylor Street Advisors

    (602) 435-3636

    Section Image
  • Joshua Willets

    Buyer's Agent in 2018

    Joshua Willets

    Grace CRE

    (602) 780-2833

    45 Total Sales

    Joshua Willets
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5653020

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Mesa 85205 Central Mesa East

5233 E University Dr Unit P, Mesa, AZ

Homes for Sale in Mesa, AZ

This home is located at 5233 E University Dr Unit P, Mesa, AZ 85205 since 29 August 2017. This property was built in 1966. 5233 E University Dr Unit P is a home located in Maricopa County with nearby schools including O'Connor 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

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