NOT LISTED FOR SALE

5825 E University Dr Mesa, AZ 85205

Central Mesa East Neighborhood
2 Beds
-- Bath
925 Sq Ft
1983 Built

Last Sold May 19, 2023

Last sale price $5,880,000 $6,357 Per Sq Ft

93 Days on Market

Highlights

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

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,236

Year Built

  • Built in 1983

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

0

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

Range of Values:

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Average Value
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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
05/19/2023 05/19/23 Sold $5,880,000 0.0% $6,357 / Sq Ft
02/18/2023 02/18/23 Price Changed $1,250 0.0% $1 / Sq Ft
01/05/2023 01/05/23 Price Changed $6,550,000 -4.4% $7,081 / Sq Ft
11/14/2022 11/14/22 For Sale $6,850,000 0.0% $7,405 / Sq Ft
09/16/2022 09/16/22 Price Changed $1,250 +4.2% $1 / Sq Ft
09/08/2022 09/08/22 Price Changed $1,200 -4.0% $1 / Sq Ft
08/17/2022 08/17/22 Price Changed $1,250 -7.4% $1 / Sq Ft
08/17/2022 08/17/22 Price Changed $1,350 -3.6% $1 / Sq Ft
08/13/2022 08/13/22 Price Changed $1,400 -- $2 / Sq Ft
06/07/2022 06/07/22 For Rent -- -- --
05/31/2022 05/31/22 For Rent -- -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Bay

    Seller's Agent in 2023

    Paul Bay

    Marcus & Millichap

    (480) 600-2626

    1 in this area

    17 Total Sales

    Paul Bay
    Section Image

  • J

    Buyer's Agent in 2023

    Jake Allen

    Tradelands Realty

    (480) 610-6833

    1 in this area

    46 Total Sales

    Jake Allen
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6489483

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85205 Central Mesa East

5825 E University Dr, Mesa, AZ

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.

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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