AZ > Mesa > Bowen Tract
Mesa, AZ 85201,546 N DREW Street
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Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
Mesa, AZ 85201,546 N DREW Street
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Laura Holl

Laura Holl

+1(602) 486-9607
$ 470,000
Est. payment /mo
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Price Dropped by $10K

546 N DREW Street Mesa, AZ 85201

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Bowen Tract

MLS Listing ID 6837131

Maintenance Fees $220

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1957

Annual Tax Amount $745

Tax Year 2024

Lot Dimensions 90*70

Property 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%. Rare find these days for above 6.5% CAP properties. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 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

Location

State AZ

County Maricopa

Community Bowen Tract

Zoning R-2

Interior

Heating ENERGY STAR Qualified Equipment, Central, Electric

Cooling Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric

Flooring Ceramic Tile, Vinyl

Appliance Dishwasher, Free-Standing Electric Oven, W/D Hookup

Exterior

Parking Features Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Community Features No Pool

Roof Type Other,See Remarks

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Mesa Unified District

Others

Senior Community No

Tax ID 137-29-008

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Fathom Realty
agent

Laura Holl

Agent | License ID: SA701723000

+1(602) 486-9607

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546 N DREW Street