- $485k Price
546 N Drew Street
New Roof, New AC, Incredible INVESTOR opportunity to own a fully occupied, cash flow positive duplex. Current CAP rate at 6.7%, Future pro forma to be 7.3 %. Rare find these days for above 6% CAP properties. Centrally located in Mesa, near 202, 101 and many attractions. This duplex is poised for continuous appreciation in the growing Mesa area. This duplex features 2 units, one is 1 bedroom, 1 bath, the other is 3 bedroom, 2 bath. Long term tenants in place with potential for further rent increase to market rents. 1 bedroom was fully renovated with new bathroom, new tiles throughout the unit. Do not disturb tenants, showing by appointment only. The selling agent is a partial owner of the property
Essential Information
- MLS® #6811062
- Price$485,000
- Bathrooms0.00
- Acres0.00
- Year Built1957
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address546 N Drew Street
- SubdivisionBOWEN TRACT
- CityMesa
- CountyMaricopa
- StateAZ
- Zip Code85201
Amenities
- AmenitiesOther
- Parking Spaces8
Parking
Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Street Parking
Interior
Appliances
F/S Oven/Range, Microwave, W/D Hookup
Heating
ENERGY STAR Qualified Equipment, Individual, Central, Electric
Cooling
Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric, Individual, Central A/C
Exterior
- RoofComposition
- ConstructionPainted, Stucco, Frame - Wood
School Information
- DistrictMesa Unified District
Additional Information
- ZoningR-2
Listing Details
- OfficeFathom Realty
Price Change History for 546 N Drew Street, Mesa, AZ (MLS® #6811062)
| Date | Details | Change |
|---|---|---|
| Status Changed from Pending to Active | – | |
| Price Increased from $470,000 to $485,000 | ||
| Status Changed from Active to Pending | – |
Fathom Realty.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on February 25th, 2025 at 6:30am MST.