$1,499,990

8246 E University Dr Mesa, AZ 85207

Estimated payment $8,524/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex qualifies for an FHA loan, and is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, ramada/tot lot area, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.35m!

Listing Agent

Denver Lane

Balboa Realty, LLC License #BR643200000 Listed on: 05/27/2025

Co-Listing Agent

Jarom Homer

Balboa Realty, LLC License #BR553604000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,533

Year Built

  • Built in 2023

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 20 Parking Spaces
  • 20 Covered Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available
  • Private Water Source

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 218-09-005

Community Details

Overview

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

Building Details

  • Gross Income $5,760
  • Net Operating Income $103,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,533

Year Built

Built in 2023

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: 2023
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: balb001
  • Co List Office Phone: 602-899-6675
  • Subdivision Name: Project 4
  • Garage Yn: Yes
  • Construction:Wood Frame: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • 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: Wood Frame, Painted, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: On Street
  • Attached Garage: No
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features:Garage: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 6000
  • Additional Parcels: No
  • Parcel #: 218-09-005

Multi Family

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

Tax Info

  • Tax Book Number: 218.00
  • Tax Lot: 5

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,533 $63,510 $63,510 --
2022 $1,533 $38,100 $38,100 $0
2021 $1,552 $35,655 $35,655 $0
2020 $1,532 $36,825 $36,825 $0
2019 $1,431 $35,370 $35,370 $0
2018 $1,374 $33,045 $33,045 $0
2017 $1,333 $30,885 $30,885 $0
2016 $1,308 $31,860 $31,860 $0
2015 $1,312 $26,336 $26,336 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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: 6871664

Arizona Regional Multiple Listing Service (ARMLS)