AZ > Mesa > Bowen Tract
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
William Hoppel III
William Hoppel III

Agent | Lic# SA669933000

+1(480) 678-9028

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$ 425,000

$ 470,000 9.6%

Est. payment | /mo

$ 425,000

$ 470,000 9.6%

Est. payment | /mo

Key Details

Sold Price $425,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Bowen Tract

MLS Listing ID 6837131

Sold Date 05/29/25

Maintenance Fees $220

Year Built 1957

Annual Tax Amount $745

Tax Year 2024

Lot Dimensions 90*70

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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

Location

State AZ

County Maricopa

Community Bowen Tract

Area Maricopa

Zoning R-2

Interior

Heating ENERGY STAR Qualified Equipment, Central, Electric

Cooling Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric

Flooring Ceramic Tile

Appliance Dishwasher, Free-Standing Electric Oven, W/D Hookup

Exterior

Parking Features Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Community Features No Pool

Roof Type Other,See Remarks

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 137-29-008

Acceptable Financing 1031 Exchange

Disclosures None

Listing Terms 1031 Exchange

Financing Cash

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Fathom Realty
Bought with Fathom Realty

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William Hoppel III
William Hoppel III

Agent | Lic# SA669933000

+1(480) 678-9028

6991 E Camelback Road Suite D300, Scottsdale, AZ, 85251

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546 N DREW Street