546 N DREW Street, Mesa, AZ 85201

$470,000

bedrooms

bathrooms

square feet

Acreage

0.0

Open Houses

year built

1957

Full Baths

Half Baths

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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%. This duplex features 2 units, one is 1 bedroom, 1 bath. the other is 3 bedrooms, 2 baths. 3 bedrooms unit has a huge 1,200 sqft back yard with 2 sheds. 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
Subdivision	Bowen Tract
County	Maricopa
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 6837131

Listing agent: Han Wu

Listing broker: Fathom Realty (480) 443-8500

Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, April 7 2025 at 12:16 a.m. EDT

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