NOT LISTED FOR SALE

5925 E University Dr Mesa, AZ 85205

Central Mesa East Neighborhood
28 Beds
-- Bath
-- Sq Ft
1984 Built

Last Sold December 12, 2018

Last sale price $1,600,000

43 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Tennis Courts
  • Franklin at Brimhall Elementary School Rated A
  • Heated Community Pool
  • Cooling Available

About This Home

As of December 2018

22 Units of 55+ apartments. 6 - 2 bedroom/bath units. 16 - 1 bedroom/bath units. $77,000 N.O.I. Hard to find and beautiful brick and block.

Last Agent to Sell the Property

Joe Farnsworth

Farnsworth Investments Inc License #BR006691000 Listed on: 08/16/2018

Co-Listed By

levi Biggs

E & G Real Estate Services License #BR674489000

Last Buyer's Agent

Joe Farnsworth

Farnsworth Investments Inc License #BR006691000 Listed on: 08/16/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,388

Year Built

  • Built in 1984

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet

Parking

  • 1 Parking Space
  • 1 Covered Space
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 141-49-006-E

Community Details

Overview

  • 4 Buildings
  • 22 Units
  • Building Dimensions are 1.41 Acres

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Heated Community Pool

Building Details

  • Operating Expense $56,246
  • Gross Income $161,600
  • Net Operating Income $77,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,388

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University & Recker
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 13832.59
  • Co List Office Mls Id: frnr02
  • Co List Office Phone: 480-830-3993
  • Tax Parcel Letter: E
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Brick Veneer, Block, Brick, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 1.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Shuffle Brd/Lawn Bwl, Tennis Court(s), Exercise Room, Clubhouse, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Community Amenities:Tennis Court(s)2: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:Shuffle BrdLawn Bwl: Yes

Fee Information

  • Trash Expense: 6195.34
  • Annual Water Sewer Expense: 7570.89

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 1.41 Acres
  • Additional Parcels: No
  • Parcel #: 141-49-006-E

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 22
  • Electric Expense: 1015.94
  • Annual Gross Income: 161600.0
  • Insurance Expense: 5348.0
  • Property Net Operating Income: 77475.0
  • Annual Operating Expense: 56245.76

Tax Info

  • Tax Annual Amount: 8388.0
  • Tax Book Number: 141.00
  • Tax Lot: -
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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 List to Sale Price per Sq Ft
12/12/2018 12/12/18 Sold $1,600,000 -11.1% --
09/28/2018 09/28/18 Pending -- -- --
08/16/2018 08/16/18 For Sale $1,800,000 -- --
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
2023 $9,711 $232,430 $46,480 $185,950
2022 $9,711 $171,423 $34,253 $137,170
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joe Farnsworth

    Farnsworth Investments Inc

    Section Image

  • l

    Seller Co-Listing Agent in 2018

    levi Biggs

    E & G Real Estate Services

    (480) 861-0225

    3 in this area

    8 Total Sales

    levi Biggs
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5809367

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

5925 E University Dr, Mesa, AZ

Not Listed for Sale

MultiFamily

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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