546 N Drew Street Mesa, AZ 85201
Listing Courtesy of: Arizona Regional MLS / Fathom Realty

  546 N Drew Street Mesa, AZ 85201

Active (17 Days)

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 6.7%, future pro forma to be 7.3%. Rare find these days for above 6.5% CAP properties. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 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

MLS #:
6837131
Taxes
$745
Type
Multifamily
Year Built
1957
County
Maricopa County

Listed By

Han Wu, Fathom Realty
Source
Arizona Regional MLS
Last checked Apr 4 2025 at 5:55 PM GMT+0000
Bathroom Details
Heating and Cooling
  • Electric
  • Central
  • Energy Star Qualified Equipment
  • Ceiling Fan(s)
  • Central Air
Flooring
  • Vinyl
  • Ceramic Tile
Exterior Features
  • Stucco
  • Painted
  • Wood Frame
  • Roof: Other
  • Roof: See Remarks
Utility Information
  • Sewer: Public Sewer
Parking
  • >1 Space Per Unit
  • Free
  • Add'L Parking Avail
  • Paved
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/4/25 10:55.