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    507 E University Drive

    Mesa, AZ 85203
    • $1,280,000
    • STATUS: Active
    • MLS #: 6226814
    $1,280,000
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,547
      SQFT
    • $134
      $/SQFT
    Type:
    Commercial
    Built:
    1971
    County:
    Area:

    School Ratings & Info

    Description

    Incredible investment property inside an Opportunity Zone and steps away from Mesa's Site 17, a 27 acre redevelopment site . Property has 7 suites with long term tenants, one with 20+ years. Master metered utilities that are split amongst all the tenants.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2021-07-24T00:13:37.233.
    www.yournextvalleyhome.com/homes/116463587
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    507 E University Drive Mesa, AZ 85203

    • Price: $1,280,000
    • Status: Active
    • MLS #: 6226814
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    9,547
    SQFT
    $134
    $/SQFT
    1971
    Built
    County:
    Maricopa
    Area:
    Mesa
    Property Description
    Incredible investment property inside an Opportunity Zone and steps away from Mesa's Site 17, a 27 acre redevelopment site . Property has 7 suites with long term tenants, one with 20+ years. Master metered utilities that are split amongst all the tenants.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Exterior Features Building SignCorner LotMonument SignSecurity Light(S)Storage Yard Fencing Block Parking FreePaved ParkingPublic Parking Roads AsphaltSidewalk(S) Roofing Rolled Stories 1 Story Total Parking Spaces 40.00 Uncovered Parking Spaces 40.00

    Interior Features

    Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/C Flooring Ceramic TileConcreteVinyl/Composition Heating Electric Interior Features Finished

    Property Features

    Adjusted Gross Inc 105840.00 Annual Elec Exp 13000.00 Annual Gas Exp 0.00 Annual Ins Exp 2000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2500.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Commercial Cross Street Mesa Drive & University Current Use RetailService Business Electric Master MeterSrp Gas None Gross Annual Sch Inc 108000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 0 Net Operating Income 86320.00 Operating Exp 19520.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 2020.00 Vacancy Allowance 0.02 Water City Franchise Zoning Rm-4

    Listing courtesy of Cluff Real Estate Llc.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2021-07-24T00:13:37.233.
     
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    My Home Group
    8360 E Raintree Drive, Suite 205
    Scottsdale AZ, 85260