$1,700,000
Mesa, AZ 85201
MLS# 6219918
Status: Closed
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Property Description
Great investment opportunity! Land consists of 3 parcels. Rezoned, Modern Architectural drawings and plans. City approval within 30 days for 46 apartment units. Bottom units can be converted to businesses with the new zoning. Located in the Downtown City Center Block's Opportunity Zone. High traffic area within walking distance to new ASU campus, public transportation, light rail and services. Ability to start construction in approximately 30 days. Buyer and buyers agent to verify all information. Parcel #s: 138-59-029, 138-59-027, 138-59-026 The plans included are for 2 buildings, 46 units, 2bd 2ba and 1bd 1.5 ba swimming pool, parking and common areas. Expansion approved on the combined parcels for 2 more buildings, 48 units. Listing consists of land and plans only.
Details
Maps
Contract Information
Current Price: $1,700,000
Sold Price: $1,700,000
Status: Closed
List Date: 2021-04-10
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: R39
House Number: 17
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
Lot #: 1
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Country: USA
County Code: Maricopa
Assessor's Map #: 59
Assessor's Parcel #: 26
Add'l Parcels: Yes
Assessor Number: 138-59-026
Legal Description (Abbrev): MESA TR B PT LOT 1 BLK 54 BEG AT PT 150' W OF NE COR LOT 1 RUN TH W 130' TH S TO S LINE SD LOT 1
Subdivision: MESA ARIZONA
Census Tract: 421400
Tax Municipality: Mesa
Tax District: 041010
Taxes: 6182
Tax Year: 2020
Marketing Name: 17-37 W. University
General Property Description
Apx Total Acres: 0.9
Apx Total Acres G/N: G
Price Per Acre: 1666666.67
# Lots in Listing: 3
# Units Allowed: 94
Apx SqFt: 39409
Price Per SqFt: 38.06
Apx SqFt G/N: G
Lot Size Dimensions: 172 X 230
Horses: N
Zoning: T4NF
Remarks & Misc
Cross Street: University and Center
Directions: Go West on University from Center Street to address on left, approximately 1 block Vacant lot
Geo Lat: 33.421951
Geo Lon: -111.832356
Status Change Info
Status Change Date: 2022-01-06
Off Market Date: 2022-01-06
Under Contract Date: 2021-06-08
Close of Escrow Date: 2022-01-05
Sold Price: $1,700,000
Legal Info
Township: 1N
Range: 5E
Section: 22
Lot Number: 1
Pmt & Rate Info
Equity: 1500000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Contact Info
List Agent Home Phn: 602-769-5168
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Existing Land Use: Other (See Rmks)
Zoned Presently: Multi-Family; Commercial
Potential Use: Multi-Family
Parcel Size: .50 - .99 Acres
Proposed Density: 40+ Units P/Acre
Development Status: Raw Land; Plans Included
Land Configuration: Square Rectangular
Roads/Streets: Asphalt; Dedicated Street
Road Responsibility: City Maintained Road
Freeway/Highway: 2.1 - 5 Miles
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: None
Listing Office: DeLex Realty
Last Updated: January - 06 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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