543 W 9TH Place, Mesa, AZ 85201
$750,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$750,000
Last Modified:
1/07/2025
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.
More Information MLS# 6606588
Contract Info
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2023-09-18
Ownership: Fee Simple
Location Tax Legal
House Number: 543
Compass: W
Street Name: 9TH
St Suffix: Place
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 4040
Country: US
County Code: Maricopa
Subdivision: INDIAN ARMS
Assessor Number: 135-16-056-B
Tax Year: 2022
General Property Description
Lot Size Dimensions: IRR
Year Built: 1963
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: Multi
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks Misc
Geo Lat: 33.431604
Geo Lon: -111.843317
Status Change Info
Status Change Date: 2023-11-17
Off Market Date: 2023-09-25
Under Contract Date: 2023-09-20
Close of Escrow Date: 2023-11-16
Sold Price: $750,000
Legal Info
Township: 1N
Range: 5E
Section: 16
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 67320
Net Operating Income: 45965
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1387.5
Avg SqFt: 888
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Patio/Balcony
Interior Amenities: Other (See Remarks)
Appliances Included: Refrigerator; W/D Hookup
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
New Financing: CTL; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: ATLAS AZ, LLC
Last Updated: January - 07 - 2025
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