8232 E UNIVERSITY Drive, Mesa, AZ 85207 (MLS# 6967134)

8232 E UNIVERSITY Drive, Mesa, AZ 85207

$1,499,900

Property Type: Multiple Dwellings Status: Active

Current Price: $1,499,900 Last Modified: 6/29/2026

Overview

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!

Listing Details MLS# 6967134

Location, Tax & Legal

House Number: 8232
Compass: E
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85207
Country: US
County Code: Maricopa
Subdivision: PROJECT 4
Assessor Number: 218-09-197
Tax Year: 2025
Assessor's Map #: 9
Legal Description (Abbrev): LOT 2 PROJECT 4 MCR
Assessor's Parcel #: 197
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 420104
Taxes: 843
Legal: LOT 3 PROJECT 4 MCR
Marketing Name: Balboa Village

Contract Info

Ownership: Other (See Remarks)

General Property Description

Lot Size Dimensions: 6000
Year Built: 2025
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: Residental
Elementary School District: Mesa Unified District
High School District: Mesa Unified District

Remarks Misc

Cross Street: University & Hawes

Legal Info

Township: 1N
Range: 7E
Section: 17
Lot Number: 3

Income Expenses

Gross Annual Sch Inc: 104400
Net Operating Income: 103920

More Information

Showing Notification Methods

Showing Service: Aligned Showings

3 Bedrooms Units

# 3 Bedroom Units: 4
Avg Rent: 2250
Avg SqFt: 1800
# Baths: 3

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Board & Batten Siding: Yes
Lap Siding: Yes
Painted: Yes
Stucco: Yes

Construction Status

Under Construction: Yes

Roofing

Composition: Yes
Metal: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Ins Exp: 2080
Annual Maint Exp: 960
Annual Mgmt Exp: 1680
Owner Association: Yes
Annual Ownr Asoc Fee: 4800
Operating Exp: 10363
Other Income: 0
Vacancy Allowance: 0.95
Adjusted Gross Inc: 5220

Pmt & Rate Info

Cap Rate: 6.93
Equity: 1499900
Down Payment %: 25
Monthly Payments: 5000
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Heat Pump: Yes
Zoned: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Sidewalk(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Fire Sprinklers: Yes
Vertical Blinds: Yes
Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
On Street: Yes
1 Space/Unit: Yes
>1 Space Per Unit: Yes
Garage Door Opener: Yes
Attached Garage: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

None: Yes
Other: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds; Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Zoned; Heat Pump Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Garage Door Opener; Attached Garage Road Surface Type: Asphalt Owner Pays: None; Other Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma; Other (See Remarks) Lockbox Type: None New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Balboa Realty, LLC

Last Updated: June - 29 - 2026