Movoto Real Estate
Sold on 10/24/2020

960 E University Dr, Mesa, AZ 85203

  • $1,120,000

    Last sold 10/24/2020 after 40 Days

  • 4

    bed

  • 2

    bath

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

About 960 E University Dr

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
This is your chance to own 9 large 2 bed 2 bath units in Mesa with great visibility on University.Located on a large corner lot with covered parking and a common court yard. This property was bought in 1996 and the former owner took great pride in his property. Most of the units have been remodeled with new flooring,Cabinets,fixtures, paint,Tubs, appliances, raised panels doors Ect. This property also features a large laundry room with lockable storage areas for the tenants and leased coin operated washers and dryers for tenant convenience as well as added income for the owner. With most of the tenants being log term and month to month you have options and a lot of room to raise the rent to today's market. A second parcel 137-06-044 is included in sale. Click on the MORE INFO TAB! The current rents range from $775.00-$975.00. These large 2 bed 2 bath units could easily rent between $1000.00-$1100.00 in today's market. Owner pays water,sewer,trash. Tenant pays for electric,cable. Buyer to verify all Information as facts and figures are approximate. Drive by only do not disturb tenants. See attachment's below for some unit pictures, floor plans and financial information
Listed by
Listing Agent - Robert Towne
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6131862 • last updated 1 year ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Central, Heat Pump, Electric
MLS # 6131862
Type Multiple Dwellings
Status Closed
Property Tax 4014
Year Built 1961
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Refrigerator, Microwave
Exterior
Roof Composition
Construction Brick Veneer, Painted, Block, Brick
Parking Assigned, >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 2
# of Covered Spaces 9
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision COMPTON ESTATES LOT 1-12 TR A
Community Features Other, See Remarks, No Pool
Elementary School Edison Elementary School
Elementary School District Mesa Unified District
Middle School Kino Junior High School
High School District Mesa Unified District
High School Westwood High School
APN 137-06-106
Zoning Multi
Directions From Stapley And University Turn West To Temple St . The Property Is On The North East Corner.
Multifamily Details
Total # of Units 9
Expense: Operating 25218
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 3065
Vacancy Allowance 2
Expense: Insurance 3200
Net Operating Income 93500
Gross Income 113775
Expense: Electric 1392
Expense: Professional Management 5500
Expense: Water/Sewer 6047
Gross Scheduled Income 113400
Expense: Gardener 2000
We are not permitted to show value estimates for this property.
  • Oct 2020
    Public Records
  • Oct 23, 2020 Sold
    $1,120,000
  • Oct 2020
    mls logo MLS # 6131862
  • Oct 23, 2020 Sold
    $1,120,000 (-17.0%)
  • Sep 14, 2020 Listed
    $1,350,000
  • 960 E University Dr
    $1.12M
  • East Mesa
    $499K
  • 85203
    $531K +18% y/y
  • Mesa
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 960 E University Dr
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