NOT LISTED FOR SALE
-- Beds
-- Baths
3,231 Sq Ft
1.19 Acre Lot

Sale Details

Date Sold: May 19, 2023

Last sale price $5,880,000 $1,820 Per Sq Ft

93 Days on Market

Highlights

  • Floor Furnace
  • Franklin at Brimhall Elementary School Rated A
  • Concrete Flooring

About This Home

As of May 2023

This home is located at 5825 E University Dr, Mesa, AZ 85205 since 15 November 2022. This property was built in 1983. 5825 E University Dr 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.

Last Agent to Sell the Property

Paul Bay

Marcus & Millichap License #SA671037000 Listed on: 11/15/2022

Last Buyer's Agent

Jake Allen

Tradelands Realty License #SA569290000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,236

Year Built

  • Built in 1983

Lot Details

  • 1.19

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 44 Parking Spaces
  • 32 Covered Spaces

Utilities

  • Cooling Available
  • Floor Furnace
  • Wall Furnace
  • Master Water Meter

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 141-49-006-K

Community Details

Overview

  • 7 Buildings
  • 28 Units
  • Building Dimensions are 98,200 sf

Building Details

  • Operating Expense $120,101
  • Gross Income $490,659
  • Net Operating Income $366,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,236

Year Built

Built in 1983

Lot Details

1.19 Acres

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 7
  • Year Built: 1983
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 19491.0
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 32.0
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 44.0
  • General Property Description:Covered Parking Spcs: 32.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 44.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Electric
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 98,200 sf
  • Additional Parcels: Yes
  • Parcel #: 141-49-006-K

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 28
  • Electric Expense: 24460.0
  • Annual Gross Income: 490658.85
  • Insurance Expense: 4390.0
  • Maintenance Expense: 19208.0
  • Property Net Operating Income: 366772.0
  • Annual Operating Expense: 120101.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 10236.0
  • Tax Book Number: 141.00
  • Tax Lot: 0

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2023 05/19/23 Sold $5,880,000 -10.2% $1,820 / Sq Ft
01/05/2023 01/05/23 Price Changed $6,550,000 -4.4% $2,027 / Sq Ft
11/14/2022 11/14/22 For Sale $6,850,000 +185.4% $2,120 / Sq Ft
05/03/2021 05/03/21 Sold $2,400,000 0.0% $743 / Sq Ft View Prior Sale
02/05/2021 02/05/21 Pending -- -- --
02/01/2021 02/01/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $2,400,000 -- $743 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2023 $1,585 $44,260 $8,850 $35,410
2022 $1,585 $32,601 $6,431 $26,170
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6489483

Arizona Regional Multiple Listing Service (ARMLS)

APN: 141-49-006G

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