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Deanne Olivas
Your Home Matters!
Keller Williams Realty
East Valley Luxre Group

2077 East Warner Road

Tempe, AZ 85284

(480) 452-5567
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Listing 7 out of 1,542
Sold for $685,000 Sold

410 Drew Street
Mesa, AZ 85201

4 units | Multi Family Home - MLS# 5881771
Property Photo


Sold for $685,000 on Apr 30, 2019


6.2% CAP rate on ACTUAL INCOME & EXPENSES. Extra clean contemporary building with good upside on easy-to-rent units and low expenses. The property consists of 4 separately condo-mapped Town Home units within a 2-story rental building. Constructed in 2002, the building offers 3-bed / 2-bath floor plans of approximately 1060 SF added to over-sized 2-car enclosed garages of another 400 SF. The property was built using upgraded construction components with 2X6 studs, insulated garages, and 12 seer AC units. Amenities include vaulted ceilings, ceiling fans in every room, dual pane windows, full-size washers & dryers, and CAT5 cabling for all media. Operating expenses at the property are very low since TENANTS PAY 100% of their water, sewer, trash, and electric.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $697,500
  • County/Area: Maricopa County
  • Zip Code: 85201
  • Year Built: 2002
  • Subdivision/Neighborhood: Towne's West Lots 1-7 & Tract B Amd
  • School District: 004 - Mesa Unified District
  • Units: 4 units
  • # of Parking Spaces: 12
  • Zoning: C-TC
  • 3-Bed Units: 4 Of This Type, $1315.00 Avg Rent, 1433 Avg SqFt, 2 Baths
  • Appliances Included: F/S Oven/Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, W/D Hookup
  • Complex Features: No Pool
  • Const - Finish: Painted, Stucco
  • Construction: Frame - Wood, Frame - Metal
  • Cooling: Central A/C, Electric Refrigeratd
  • Covered Parking Spcs: 8.00
  • Electric: City Electric
  • Exterior Features: Cable TV Available, Security Light(S)
  • Floors: Concrete, Carpet, Ceramic Tile, Vinyl/Composition, Wood
  • Heating: Electric, Heat Pump, Individual
  • High School Dist #: 004 - Mesa Unified District
  • Interior Features: Unfurnished, Vertical Blinds, Fire/Smoke Alarm(S), Mini Blinds
  • Lot Dimensions: irreg
  • Marketing Name: Drew Street Town Homes
  • Net Income: 43223.00
  • Owner Pays: Landscaping
  • Parking: Garage, Paved Parking, >1 Space Per Unit
  • Property Description: Four Plex
  • Roads/Streets: Asphalt/Blacktop, Concrete, Curb(s) & Gutter(s)
  • Roofing: All Tile, Built-Up, Partial Tile
  • Sale Includes: Land & Building
  • Sewer: Sewer - Public
  • Tenant Pays: Water, Sewer, Electric, Trash, Cable TV, Other (See Remarks)
  • Water: City Franchise
  • Sold Price: 685000.00
  • Sold Date: 2019-04-30
Courtesy of Kasten Long Commercial Group

Deanne Olivas   |   480-452-5567   |  Contact Me
2077 East Warner Road   |   Tempe, AZ 85284
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