Sold for $425,000

$425,000

546 N DREW Street, Mesa, AZ 85201

4beds

3baths

1,500sqft

Multi Family

Built in 1957

-- sqft lot

$455,400 Zestimate^®

$283/sqft

$1,821 Estimated rent

Home value

$455,400

$424,000 - $487,000

$1,821/mo

Zestimate^® history

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$1,821/mo

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$1,821/mo

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$2,396/mo

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$2,396/mo

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What's special

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

ENERGY STAR Qualified Equipment, Central, Electric

Cooling

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

Appliances

Included: Dishwasher, Free-Standing Electric Oven
Laundry: W/D Hookup

Features

Flooring: Ceramic Tile, Vinyl

Interior area

Total structure area: 1,500
Total interior livable area: 1,500 sqft

Property

Parking

Total spaces: 8
Parking features: Paved, Free, Add'l Parking Avail, >1 Space Per Unit
Uncovered spaces: 8

Lot

Dimensions: 90*70

Details

Parcel number: 13729008
Zoning: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Painted, Stucco
Roof: Other,See Remarks

Condition

Year built: 1957

Utilities & green energy

Electric: City Electric
Sewer: Public Sewer
Water: City Franchise

Community & neighborhood

Community

Community features: No Pool

Location

Region: Mesa
Subdivision: BOWEN TRACT

Other

Other facts

Listing terms: 1031 Exchange
Ownership: Fee Simple

Price history

Date	Event	Price
5/29/2025	Sold	$425,000-9.6%$283/sqft
Source: ARMLS #6837131 Report a problem
5/4/2025	Pending sale	$470,000$313/sqft
Source: ARMLS #6837131 Report a problem
4/4/2025	Price change	$470,000-2.1%$313/sqft
Source: ARMLS #6837131 Report a problem
3/18/2025	Listed for sale	$480,000$320/sqft
Source: ARMLS #6837131 Report a problem
3/18/2025	Listing removed	$480,000$320/sqft
Source: ARMLS #6811062 Report a problem