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Sold on 04/25/2019

5233 E University Dr #J, Mesa, AZ 85205

  • $1,275,000

    Last sold 04/25/2019 after 111 Days

  • 16

    bed

  • 12

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 5233 E University Dr #J

Property type Multi-family
Neighborhood
Year built 1966
HOA fee $0/month
Property description
Part of Dreamland Villas, this 12 unit offering provides a mix of spacious 1-bedroom and 2-bedroom rental units in a low density setting with large front and rear entries and covered porches. Each rental unit is individually metered for electricity with new service panels and has its own reserved covered parking space. Nine units have been tastefully updated to include new flooring, re-textured walls and ceilings, new counters, GFCI outlets, tiled shower surrounds and tiled kitchen back splashes, premium appliance packages, and upgraded lighting & plumbing fixtures. While rents are higher for the updated units, several are STILL well below market. Three 1-bedroom units remain period correct. Beautifully remodeled property offering Turnkey operation with easy upside in rents.
Listed by
Listing Agent - Scott R Trevey
Listing Office - Kasten Long Commercial Group
Source: ARMLS mls logo
MLS#5864712 • last updated 1 year ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Electric, Heat Pump
Heating Heat Pump, Electric
MLS # 5864712
Type Multiple Dwellings
Status Closed
Property Tax 4570
Year Built 1966
Interior
Flooring Ceramic Tile, Vinyl, Concrete
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave
Exterior
Roof Composition
Construction Painted, Block, Brick
Parking 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 4
# of Covered Spaces 12
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic Tank
Location
Subdivision DREAMLAND VILLA 4
Community Features Barbecue
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 141-75-096-P
Zoning C-C
Directions 202 East To Higley, South To University- Through Light And Immediate Left
Multifamily Details
Total # of Units 12
Expense: Operating 18250
Financial Data Source Owner
Expense: Maintenance 3600
Vacancy Allowance 0.05
Expense: Insurance 2000
Net Operating Income 91168
Gross Income 108813
Expense: Electric 700
Expense: Trash 900
Expense: Water/Sewer 4200
Gross Scheduled Income 114540
Expense: Gardener 2280
We are not permitted to show value estimates for this property.
  • Apr 2019
    mls logo MLS # 5864712
  • Apr 25, 2019 Sold
    $1,275,000
  • Jan 4, 2019 Listed
    $1,369,000 (+71.1%)
  • Apr 2019
    Public Records
  • Apr 24, 2019 Sold
    $1,275,000 (-6.9%)
  • Apr 2018
    Public Records
  • Apr 2, 2018 Sold
    $800,000
  • 5233 E University Dr #J
    $1.27M
  • East Mesa
    $499K
  • 85205
    $400K -2% y/y
  • Mesa
    $497K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
O'Connor 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
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
4/10
Shepherd Junior High School
public Grades 4-8
Mesa Unified School District
7/10
Red Mountain High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 5233 E University Dr #J
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