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Sold on 12/19/2020

2928 E Cicero St, Mesa, AZ 85213

$575,000

Last sold 12/19/2020 after 57 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 2928 E Cicero St

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Property description
Welcome to University Villas! This fourplex features large 2 bedroom/2 bath units with maintained landscape, convenient attached storage for tenants and covered parking. All units have W/D hook ups available and three units have been fully renovated approx 5 years ago. Property is currently under-rented and need to be raised to market value. University Villas is located in the rapidly growing city of Mesa, AZ. Growth in Mesa has been steadily increasing and is fueled by major employers such as Boeing, Banner Health & MD Helicopters, and with expansion in the city such as a new light rail system, ASU extension, 250$M sports park and other exiting upcoming opportunities! Drive by only - tenants are unaware of sale. Buyer to verify all MLS information, as facts and figures are approximate.
Listed by
Listing Agent - Carla Magee
Listing Office - Grace CRE
Source: ARMLS mls logo
MLS#6151380 • last updated 5 years ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Electric, Heat Pump
Heating Heat Pump, Electric
MLS # 6151380
Type Multiple Dwellings
Status Closed
Property Tax 2215
Year Built 1986
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Tile
Construction Wood Frame, Painted, Stucco
Parking >1 Space Per Unit, Carport
# of Open Parking Spaces 4
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Sewer-In & Connected, Private Sewer
Location
Community Features No Pool
Elementary School Highland Elementary School
Elementary School District Mesa Unified District
Middle School Poston Junior High School
High School District Mesa Unified District
High School Mountain View High School
APN 140-11-369
Zoning Multi
Directions East On University From Lindsay To Roca, North To Cicero, East To Property. NO SIGN ON PROPERTY
Multifamily Details
Total # of Units 4
Expense: Operating 14555
Financial Data Source Projected Proforma
Expense: Maintenance 3500
Vacancy Allowance 0.05
Expense: Insurance 1500
Net Operating Income 34097
Gross Income 4180
Expense: Trash 1000
Expense: Professional Management 2640
Expense: Water/Sewer 2500
Gross Scheduled Income 4400
Expense: Gardener 1200
We are not permitted to show value estimates for this property.
  • Dec 2020
    mls logo MLS # 6151380
  • Dec 18, 2020 Sold
    $575,000
  • Dec 2, 2020 Pending
    —
  • Dec 2, 2020 Listed
    —
  • Dec 1, 2020 Sold
    $590,000 (+2.6%)
  • Oct 23, 2020 Listed
    $575,000 (+51.7%)
  • Dec 2020
    Public Records
  • Dec 16, 2020 Sold
    $575,000 (-2.5%)
  • May 2005
    Public Records
  • May 5, 2005 Sold
    $379,000
  • Year Property taxes Tax assessment
  • 2024
    $2,246 -0.8%
    $67,750
  • 2023
    $2,264 +2.1%
    $67,750 +10.49%
  • 2022
    $2,217 -1.2%
    $61,320 +32.38%
  • 2021
    $2,244 +1.3%
    $46,320 +23.92%
  • 2020
    $2,215 +7.0%
    $37,380 +6.25%
  • 2019
    $2,070 +4.2%
    $35,180 +36.09%
  • 2018
    $1,986 +3.1%
    $25,850 +10.23%
  • 2017
    $1,927 +1.9%
    $23,450 +18.55%
  • 2016
    $1,891 +6.4%
    $19,780
  • 2015
    $1,778
    —
  • 2928 E Cicero St
    $575K
  • The Groves
    $675K +21% y/y
  • 85213
    $648K 0% y/y
  • Mesa
    $490K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Highland Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Poston Junior High School
public Grades 7-8
Mesa Unified School District
5/10
Mountain View High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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