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8232 E University Dr, Mesa, AZ 85207

  • $1,499,900

  • 12

    bed

  • 8

    bath

Multi-family pending
24 homes bought nearby with Movoto recently

About 8232 E University Dr

Property type Multi-family
Neighborhood
Year built 2025
HOA fee $0/month
Property description
NEWLY BUILT investment 4-plex located in the NEW Community of Balboa Village in East Mesa, it offers 3 beds & 2 baths + powder room. The inviting interior features tons of natural light, 10' & 9' tall ceilings, a neutral palette, wood-look tile flooring downstairs, & plush carpet upstairs. You'll love the seamlessly flowing open layout! The impressive kitchen boasts SS appliances, granite counters, subway tile backsplash, recessed lighting, shaker cabinetry w/crown molding, and an island w/breakfast bar. The main bedroom is downstairs, featuring its own outdoor access & an ensuite with dual sinks & a walk-in closet. The large secondary bedrooms are upstairs, along with a shared full bathroom. PLUS! This gem comes with an attached 1-car garage w/driveway for additional parking!
Listed by
Listing Agent - Denver Lane
Listing Office - Balboa Realty, LLC
Source: ARMLS mls logo
MLS#7053038 • last updated 5 days ago
Movoto checked ARMLS for data 5 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Zoned, Heat Pump
MLS # 7053038
Type Multiple Dwellings
Status Pending
Property Tax 843
Condition Under Construction
Year Built 2025
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
Exterior
Roof Composition, Metal
Construction Lap Siding, Board & Batten Siding, Wood Frame, Painted, Stucco
Parking Attached Garage, Garage Door Opener, >1 Space Per Unit, 1 Space/Unit, On Street
# of Open Parking Spaces 4
# of Covered Spaces 4
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Fire Sprinklers
Location
Subdivision PROJECT 4
Community Features Other
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 218-09-200
Zoning Residental
Multifamily Details
Total # of Units 4
Expense: Operating 10363
Financial Data Source Other (See Remarks), Projected Proforma
Expense: Maintenance 960
Vacancy Allowance 0.95
Expense: Insurance 2080
Net Operating Income 103920
Gross Income 5220
Expense: Professional Management 1680
Gross Scheduled Income 104400
Lot/ Land Details
Road Surface Asphalt
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2/10
Salk 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
5/10
Fremont Junior High School
public Grades 7-8
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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19/100
Walk
77/100
Family
67/100
Dining
88/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Mesa
  • 85207
  • 8232 E University Dr

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