8232 E UNIVERSITY Drive, Mesa, AZ 85207
$1,499,900
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$1,499,900
Last Modified:
12/23/2025
Description
AMAZING INVESTMENT OPPORTUNITY!! This Brand New 4-Plex is in a brand new community. Close to the 202, this new community offers a beautiful common area, dog park, pickle-ball court, and more! Seller is offering a closing cost incentive as well! These wont last long! Starting at $1.5m!
More Information MLS# 6960530
Contract Info
Ownership: Other (See Remarks)
Current Price: $1,499,900
List Price: $1,499,900
Status: Pending
List Date: 2025-11-26
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 2 PROJECT 4 MCR
Assessor's Parcel #: 196
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420104
Taxes: 843
Legal: LOT 2 PROJECT 4 MCR
Marketing Name: Balboa Village
House Number: 8232
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85207
County Code: Maricopa
Subdivision: PROJECT 4
Assessor Number: 218-09-196
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6000
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 2025
Zoning: Residental
Legal Info
Range: 7E
Section: 17
Township: 1N
Lot Number: 2
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Board & Batten Siding: 1
Lap Siding: 1
Painted: 1
Stucco: 1
Construction Status
Under Construction: 1
Roofing
Composition: 1
Metal: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 400
Operating Exp: 1243
Other Income: 0
Vacancy Allowance: 0.95
Adjusted Gross Inc: 5760
Pmt & Rate Info
Cap Rate: 6.93
Equity: 1499900
Down Payment %: 25
Monthly Payments: 5000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Sidewalk(s): 1
Interior Features
Vertical Blinds: 1
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
On Street: 1
1 Space/Unit: 1
Garage Door Opener: 1
Attached Garage: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Other: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 2400
Avg SqFt: 1800
# Baths: 12
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: University & Hawes
Geo Lat: 33.422586
Geo Lon: -111.65368
Status Change Info
Off Market Date: 2025-12-23
Under Contract Date: 2025-11-26
Income Expenses
Gross Annual Sch Inc: 115200
Net Operating Income: 103920
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Board & Batten Siding; Lap Siding; Painted; Stucco
Construction Status: Under Construction
Roofing: Composition; Metal
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Features: Other
Exterior Amenities: Landscape Water System; Desert Landscaping; Sidewalk(s)
Interior Features: Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Garage; On Street; 1 Space/Unit; Garage Door Opener; Attached Garage
Road Surface Type: Asphalt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Balboa Realty, LLC
Last Updated: December - 23 - 2025
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