Seller's Agent in 2025
Iris Wu
Fathom Realty
(480) 452-7195
1 in this area
1 Total Sale
546 N Drew St W Mesa, AZ 85201
Evergreen Historic District Neighborhood
--
Bed
--
Bath
--
Sq Ft
1957
Built
Highlights
- Ceramic Tile Flooring
- Central Heating and Cooling System
- ENERGY STAR Qualified Equipment for Heating
- Franklin at Brimhall Elementary School Rated A
- Ceiling Fan
About This Home
As of May 2025New 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $745
Year Built
- Built in 1957
Home Design
- Wood Frame Construction
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
Additional Features
- Ceiling Fan
- ENERGY STAR Qualified Equipment for Heating
- Central Heating and Cooling System
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 8
- Assessor Parcel Number 137-29-008
Community Details
Overview
- 2 Units
- Building Dimensions are 90*70
- Bowen Tract Subdivision
Building Details
- Operating Expense $4,729
- Gross Income $35,520
- Net Operating Income $32,327
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2025
Closed on
May 22, 2025
Sold by
La Linda Ln Llc
Bought by
Volgstadt Dwight R and Volgstadt Pamela J
Seller's Agent
Iris Wu
Fathom Realty
Buyer's Agent
Iris Wu
Fathom Realty
List Price
$480,000
Sold Price
$425,000
Premium/Discount to List
-$55,000
-11.46%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,231
Avg. Annual Appreciation
9.08%
Purchase Details
Closed on
Feb 26, 2013
Sold by
Mesa Mrentalproperties Llc
Bought by
La Linda Ln Llc
Purchase Details
Closed on
Jan 14, 2011
Sold by
Valley Rentalproperties Llc
Bought by
Mesa Rental Properties Llc
Purchase Details
Closed on
Dec 2, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Valley Rental Properties Llc
Purchase Details
Closed on
Jul 6, 2010
Sold by
Pattee Nathan
Bought by
Federal Home Loan Mortgage Corp
Purchase Details
Closed on
Aug 24, 2004
Sold by
Aguilar Iram A and Aguilar Edna S
Bought by
Pattee Nathan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
6%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Chicago Title Agency | |
| Cash Sale Deed | $97,000 | Stewart Title & Trust Of Pho | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $51,000 | None Available | |
| Trustee Deed | $63,394 | Accommodation | |
| Warranty Deed | $162,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $205,600 | Unknown | |
| Previous Owner | $128,800 | New Conventional | |
| Previous Owner | $79,346 | FHA | |
| Closed | $25,100 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $425,000 | -9.6% | -- |
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 04/04/2025 04/04/25 | Price Changed | $470,000 | -2.1% | -- |
| 03/18/2025 03/18/25 | For Sale | $480,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $745 | $7,295 | -- | -- |
| 2024 | $751 | $6,947 | -- | -- |
| 2023 | $751 | $26,060 | $5,210 | $20,850 |
| 2022 | $734 | $19,730 | $3,940 | $15,790 |
| 2021 | $742 | $16,770 | $3,350 | $13,420 |
| 2020 | $706 | $14,910 | $2,980 | $11,930 |
| 2019 | $660 | $12,630 | $2,520 | $10,110 |
| 2018 | $633 | $11,400 | $2,280 | $9,120 |
| 2017 | $614 | $9,320 | $1,860 | $7,460 |
| 2016 | $603 | $8,550 | $1,710 | $6,840 |
| 2015 | $567 | $7,250 | $1,450 | $5,800 |
Source: Public Records
Agents Affiliated with this Home
-
Iris Wu
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6837131
APN: 137-29-008
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.
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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