543 W 9TH Place, Mesa, AZ 85201
$725,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$725,000
Last Modified:
9/25/2023
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: $725,000
List Price: $725,000
Status: Pending
List Date: 2023-09-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
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: USA
County Code: Maricopa
Legal Description (Abbrev): INDIAN ARMS MCR 85-01 LT 6 & W 10F OF LT 5 EX W 70F OF SD LT 6 P/D 5223/73 TOG WI TH POR ABAND ALLEY
Subdivision: INDIAN ARMS
Assessor's Map #: 16
Assessor's Parcel #: 56
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 135-16-056-B
Legal: INDIAN ARMS MCR 85-01 LT 6 & W 10F OF LT 5 EX W 70F OF SD LT 6 P/D 5223/73 TOG WI TH POR ABAND ALLEY
Census Tract: 421102
Tax Municipality: Mesa
Taxes: 1533
Tax Year: 2022
Marketing Name: Indian Arms
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: 2023-09-25
Off Market Date: 2023-09-25
Under Contract Date: 2023-09-20
Legal Info
Township: 1N
Range: 5E
Section: 16
Lot Number: 6
Income & Expenses
Owner Association: No
Operating Exp: 1533
Gross Annual Sch Inc: 67320
Vacancy Allowance: 0.05
Adjusted Gross Inc: 63954
Net Operating Income: 45965
Pmt & Rate Info
Cap Rate: 6.34
Equity: 725000
Showing Notification Methods
Showing Service: ShowingTime
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1387.5
Avg SqFt: 888
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: See Remarks
Exterior Amenities: Patio/Balcony
Interior Amenities: Other (See Remarks)
Appliances Included: Refrigerator; W/D Hookup
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Street Parking; >1 Space Per Unit; Add'l Parking Avail; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text
New Financing: CTL; VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: ATLAS AZ, LLC
Last Updated: September - 25 - 2023
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