• $470,000

546 N DREW Street, Mesa, AZ 85201

Listing Courtesy of Fathom Realty

Description

New roof installed in Feb'25 with lifetime shingles and 5 year warranty. New AC & water heaters, all tile flooring. Fully occupied with long term tenants, cash flow positive, current CAP rate at 6.9%, future pro forma to be 7.5%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. This duplex is poised for continuous appreciation in a growing Mesa area, centrally located near 202, 101 and many nearby attractions. Long term tenants in place with potential to further raise rents to market rents. See P&L details in documents section. Do not disturb tenants, showing by appointments only. The selling agent is a partial owner of the property

Details

Status:Active
Type:Multiple Dwellings
Built Year:1957
Property ID:6837131

Property Location

546 N DREW Street, Mesa, AZ 85201
Tour Type
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Fred Rea, RealtorĀ®
  • Fred Rea, RealtorĀ®