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543 W 9TH Place Mesa, AZ 85201
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Key Details
Sold Price $750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Indian Arms
MLS Listing ID 6606588
Sold Date 11/16/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,533
Tax Year 2022
Lot Dimensions IRR
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.
Location
State AZ
County Maricopa
Community Indian Arms
Zoning Multi
Interior
Heating Electric
Cooling Electric, Central A/C
Flooring Ceramic Tile, Vinyl
Appliance W/D Hookup
Exterior
Parking Features Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Street Parking
Community Features See Remarks
Roof Type Composition
Total Parking Spaces 2
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-16-056-B
Acceptable Financing CTL, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms CTL, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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