$1,499,900
PENDING NEW CONSTRUCTION

8232 E University Dr Mesa, AZ 85207

Estimated payment $7,905/month

Total Views 37
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A
  • Board and Batten Siding
  • Under Construction

About This Home

AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, pickle-ball court, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.5m!

Listing Agent

Denver Lane

Balboa Realty, LLC License #BR643200000 Listed on: 11/26/2025

Co-Listing Agent

Jarom Homer

Balboa Realty, LLC License #BR553604000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $843

Year Built

  • Built in 2025 | Under Construction

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Board and Batten Siding
  • Lap Siding
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Automatic Garage Door Opener
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 218-09-196

Community Details

Overview

  • 4 Units
  • Building Dimensions are 6000
  • Project 4 Subdivision

Building Details

  • Operating Expense $1,243
  • Gross Income $5,760
  • Net Operating Income $103,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$843

Year Built

Built in 2025 | Under Construction

Lot Details

0

Listing Details

  • Cross Street: University & Hawes
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: Residental
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2025
  • Tax Year: 2025
  • Co List Office Mls Id: balb001
  • Co List Office Phone: 602-899-6675
  • Subdivision Name: PROJECT 4
  • Garage Yn: Yes
  • New Construction: No
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Const - Finish Board Batten Siding: Yes
  • Const - Finish Lap Siding: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Lap Siding, Board & Batten Siding, Wood Frame, Painted, Stucco
  • Property Condition: Under Construction
  • Roof: Composition, Metal
  • Construction Status:Under Construction: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Garage Door Opener, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Garage: Yes
  • Parking Features Street Parking: Yes
  • Parking Features Auto Door Opener: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6000
  • Additional Parcels: No
  • Parcel #: 218-09-196

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 4
  • Annual Gross Income: 5760.0
  • Property Net Operating Income: 103920.0
  • Annual Operating Expense: 1243.0
  • Vacancy Allowance Rate: 0.95

Tax Info

  • Tax Annual Amount: 843.0
  • Tax Book Number: 218.00
  • Tax Lot: 2

Map

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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 Prior Sale
01/02/2026 01/02/26 Off Market $1,440,000 -- --
12/30/2025 12/30/25 Sold $1,440,000 -4.0% -- View Prior Sale
12/05/2025 12/05/25 Pending -- -- --
11/26/2025 11/26/25 For Sale $1,499,900 0.0% --
06/18/2025 06/18/25 Price Changed $1,499,890 0.0% --
05/27/2025 05/27/25 For Sale $1,499,990 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6960530

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Mesa 85207

8232 E University Dr, Mesa, AZ

Pending

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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Denver Lane
Listing Agent
Denver Lane
Section Image
Balboa Realty, LLC
(602) 960-2621