546 N Drew St W Mesa, AZ 85201
Evergreen Historic District NeighborhoodEstimated payment $2,686/month
Total Views
2,259
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
- Central Heating
- ENERGY STAR Qualified Equipment for Heating
About This Home
New roof installed in Feb'25 with lifetime shingles and 5 year warranty. New AC & water heaters, all tile flooring. Fully occupied with long term tenants, cash flow positive, current CAP rate at 6.9%, future pro forma to be 7.5%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. This duplex is poised for continuous appreciation in a growing Mesa area, centrally located near 202, 101 and many nearby attractions. Long term tenants in place with potential to further raise rents to market rents. See P&L details in documents section. Do not disturb tenants, showing by appointments only. The selling agent is a partial owner of the property
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $745
Year Built
- Built in 1957
Home Design
- Wood Frame Construction
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Cooling Available
- Central Heating
Additional Features
- Ceiling Fan
- ENERGY STAR Qualified Equipment for Heating
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 137-29-008
Community Details
Overview
- 2 Units
- Building Dimensions are 90*70
- Bowen Tract Subdivision
Building Details
- Operating Expense $4,729
- Gross Income $35,520
- Net Operating Income $32,327
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $745 | $7,295 | -- | -- |
| 2024 | $751 | $6,947 | -- | -- |
| 2023 | $751 | $26,060 | $5,210 | $20,850 |
| 2022 | $734 | $19,730 | $3,940 | $15,790 |
| 2021 | $742 | $16,770 | $3,350 | $13,420 |
| 2020 | $706 | $14,910 | $2,980 | $11,930 |
| 2019 | $660 | $12,630 | $2,520 | $10,110 |
| 2018 | $633 | $11,400 | $2,280 | $9,120 |
| 2017 | $614 | $9,320 | $1,860 | $7,460 |
| 2016 | $603 | $8,550 | $1,710 | $6,840 |
| 2015 | $567 | $7,250 | $1,450 | $5,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Price Changed | $470,000 | -2.1% | -- |
| 03/18/2025 03/18/25 | For Sale | $480,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $97,000 | Stewart Title & Trust Of Pho | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $51,000 | None Available | |
| Trustee Deed | $63,394 | Accommodation | |
| Warranty Deed | $162,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $205,600 | Unknown | |
| Previous Owner | $128,800 | New Conventional | |
| Previous Owner | $79,346 | FHA | |
| Closed | $25,100 | No Value Available |
Source: Public Records
Similar Homes in Mesa, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6837131
APN: 137-29-008
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.
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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