5825 E University Drive, Mesa, AZ 85205 (MLS# 6489483)

Current Price: $5,880,000 Sold Price: $5,880,000 Status: Closed List Date: 2022-11-14 Ownership: Fee Simple

Map Code/Grid: R41 House Number: 5825 Compass: E Street Name: University St Suffix: Drive City/Town Code: Mesa State/Province: AZ Zip Code: 85205 Country: USA County Code: Maricopa Assessor Number: 141-49-006-K Tax Year: 2022

Lot Size Dimensions: 98,200 sf Year Built: 1983 Uncvrd Parking Spcs: 12 Total # of Units: 28 # of Buildings: 7 Zoning: R-3 Elementary School District: Mesa Unified District High School District: Mesa Unified District

Geo Lat: 33.42223 Geo Lon: -111.704602

Status Change Date: 2023-05-30 Off Market Date: 2023-05-30 Under Contract Date: 2023-02-15 Close of Escrow Date: 2023-05-19 Sold Price: $5,880,000

Gross Annual Sch Inc: 486684 Net Operating Income: 366772

# 1 Bedroom Units: 14 Avg Rent: 1332 Avg SqFt: 645 # Baths: 14

# 2 Bedroom Units: 14 Avg Rent: 1582 Avg SqFt: 925 # Baths: 14

Loan Type: Other Loan Years: 5 Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession $/%: %

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Concrete Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony Appliances Included: BI Oven/Range Heating: Wall Furnace Cooling: Electric; Individual Water: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking: >1 Space Per Unit Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electric Source of Fincl Data: Provided by Owner; Projected Proforma Showing Notification Methods: Text Lockbox Type: None New Financing: Conventional; No Carry; 1031 Exchange Environmental: None