$1,499,900
NEW CONSTRUCTION

8232 E University Dr Mesa, AZ 85207

Estimated payment $8,124/month

Total Views 12,691
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 8 Car Attached Garage
  • Cooling Available
  • Ceramic Tile Flooring
  • Franklin at Brimhall Elementary School Rated A
  • Breakfast Bar
  • Zoned Heating

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: 01/12/2026

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

Lot Details

  • Desert Landscape

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Vertical Blinds
  • Ceramic Tile Flooring
  • Breakfast Bar

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 8 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • On-Street Parking

Utilities

  • Cooling Available
  • Zoned Heating
  • Heat Pump System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 218-09-197

Community Details

Overview

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

Building Details

  • Operating Expense $10,363
  • Gross Income $5,220
  • 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 Sq Ft Lot

Listing Details

  • Cross Street: University & Hawes
  • Property Type: Multiple Dwellings
  • Zoning: Residental
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 2025
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1680.0
  • Co List Office Mls Id: balb001
  • Co List Office Phone: 602-899-6675
  • Subdivision Name: PROJECT 4
  • Garage Yn: Yes
  • New Construction: No
  • Const - Finish:Const - Finish: Painted, Stucco, Board & Batten Siding, Lap Siding
  • Cooling:Cooling: Electric, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Land & Building, Personal Property, Other (See Remarks)
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Electric Oven
  • Interior Features:Interior Features: Fire Sprinklers, Fire/Smoke Alarm(s), Mini Blinds, Breakfast Bar, Vertical Blinds

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco, Board & Batten Siding, Lap Siding
  • Property Condition: Under Construction
  • Roof: Composition, Metal
  • Exterior Amenities: Sidewalk(s), Landscape Water System, Desert Landscaping

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: 1 Space/Unit, On Street, >1 Space Per Unit, Garage Door Opener, Attached Garage
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Garage, 1 Space/Unit, On Street, >1 Space Per Unit, Garage Door Opener, Attached Garage

Utilities

  • Electric: SRP
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Zoned
  • Security: Fire Sprinklers
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6000
  • Additional Parcels: No
  • Parcel #: 218-09-197

Multi Family

  • Owner Pays: None, Other
  • Tenant Pays: Water, Sewer, Electricity, Trash Collection, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 5220.0
  • Insurance Expense: 2080.0
  • Maintenance Expense: 960.0
  • Property Net Operating Income: 103920.0
  • Annual Operating Expense: 10363.0
  • Vacancy Allowance Rate: 0.95

Tax Info

  • Tax Annual Amount: 843.0
  • Tax Book Number: 218.0
  • Tax Lot: 3

Map

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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
05/15/2026 05/15/26 Sold $1,350,000 0.0% -- View Prior Sale
03/27/2026 03/27/26 Sold $1,350,000 -3.6% -- View Prior Sale
01/12/2026 01/12/26 Sold $1,400,000 -6.7% -- View Prior Sale
01/12/2026 01/12/26 Pending -- -- --
01/12/2026 01/12/26 For Sale $1,499,900 0.0% --
12/01/2025 12/01/25 Pending -- -- --
11/26/2025 11/26/25 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: 6967134

Arizona Regional Multiple Listing Service (ARMLS)
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