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$1,800,000
Mesa, AZ 85201
MLS# 6606724
1 / 5
Property Description
Multi-family opportunity located within a highly sought after Opportunity Zone of Downtown Mesa. Recently rezoned RM-4 and approved for 27 townhomes, a large amount of work has been completed with architect and city. 601-615 West University is an 1.33 acre lot located on hard corner of N. Hosick and N. Date with frontage along University. Located just a block north of Downtown Mesa and the Light Rail, and close to the freeways, ASU campus, shops, and schools. Project sight on 5 combined parcels: 135-58-144, 135-58-140, 135-58-143, 135-58-074, 135-58-081. House on land is unoccupied and is able to be viewed.
Details
Maps
Contract Information
Current Price: $1,800,000
List Price: $1,800,000
Status: Active
List Date: 2023-09-18
For Sale or Lease?: Sale
Type: ER
Subagents: Y
Sub Agent $/%: %
Comp to Subagent: 3
Buyer/Broker: N
Variable Commission: N
Location, Tax & Legal
House Number: 601
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
Lot #: 8,1
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5610
Country: USA
County Code: Maricopa
Assessor's Map #: 58
Assessor's Parcel #: 144
Add'l Parcels: Yes
Assessor Number: 135-58-144
Legal Description (Abbrev): W 66.05' OF E 91.05' OF E2 NE4 NW4 NE4 EX S 476' & EX N 36' RD .23 AC
Census Tract: 421302
Tax Municipality: Mesa
Taxes: 1695
Tax Year: 2022
General Property Description
Apx Total Acres: 1.33
Apx Total Acres G/N: G
Price Per Acre: 1353383.46
# Lots in Listing: 5
Apx SqFt: 9605
Price Per SqFt: 187.4
Apx SqFt G/N: G
Lot Size Dimensions: approx. 208x208
Horses: N
Zoning: RM-4
Flood Zone: No
Elementary School: Emerson Elementary School
Jr. High School: Carson Junior High School
High School: Westwood High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Country Club and University
Directions: West of Country Club at University. On south side of road between entire length between North Date and North Hosick.
Geo Lat: 33.422019
Geo Lon: -111.844303
Status Change Info
Status Change Date: 2023-09-18
Legal Info
Township: 1N
Range: 5E
Section: 21
Lot Number: 8,1
Pmt & Rate Info
Equity: 1800000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Contact Info
List Agent Home Phn: 623-466-9392
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family; Commercial; Retail
Parcel Size: 1.00 - 2.49 Acres
Current Density: 26 - 30 Units P/Acre
Development Status: Plans Available
Land Configuration: Square Rectangular
Roads/Streets: Asphalt
Road Responsibility: City Maintained Road
Existing Structures: Residence
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Lockbox Type: Supra (ARMLS)
Fencing: Block
Listing Office: West USA Realty
Last Updated: January - 23 - 2024
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