543 W 9th Place, Mesa, AZ 85201

$750,000
Sold Price
$750,000
List Price
$725,000
Closing Date
Nov 16, 2023
Days on Market
7
Status
CLOSED
MLS#
6606588
City
Mesa
Subdivision
Indian Arms
Year Built
1963

Property Description

Fantastic fourplex in quiet northwest Mesa location. All units are 2/1 with close to 900 square feet and outdoor patio areas. Washer/Dryer hookups in each unit. Large bedrooms with huge closets and extra storage. Long term leases in place with room to grow, but property is already performing at a 6.2% cap rate - a rarity in today's market. By far the best deal on the market today. Property has been professionally managed, improved, and stabilized over the last 3 years of ownership. This plug and play deal will not last long. Main sewer line for unit B just replaced. Unit B currently vacant. Unit D up for renewal in October.

Additional Information

School District
Mesa Unified District
Construction
Painted, Block
Electric
SRP
Flooring
Ceramic Tile, Vinyl
New Financing
CTL, Conventional, 1031 Exchange, FHA, VA Loan
Parking Features
Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Street Parking
Roofing
Composition
Sewer
Public Sewer
Subdivision
Indian Arms
Taxes
$1,533
Tax Year
2022
Tenant Pays
Electricity
Units
4
Water
City Franchise
Zoning
Multi

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ATLAS AZ, LLC. Selling Office: RETSY.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.