Where do YOU Want to Live? How do YOU Want to Live?

543 W 9TH Place, Mesa, AZ 85201 (MLS# 6606588)

543 W 9TH Place, Mesa, AZ 85201

Property Type: Multiple Dwellings Status: Pending
Current Price: $725,000 Last Modified: 9/25/2023


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
543 W 9TH Place, Mesa, AZ 85201- MLS# 6606588
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Contact DeDe

Do you have any questions about homes, the process or anything Phoenix Area Real Estate? Reach out Today! Also this is NOT the place to spam me with business services. Real people only looking for homes or to sell their homes or to invest only please!

Compare listings