543 W 9th Place, Mesa, AZ 85201
- $725,000
- List Price
- $725,000
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- 6606588
- City
- Mesa
- 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.
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Additional Information
- Gross Annual Sch Inc
- 67320
- Adjusted Gross Inc
- 63954
- Taxes
- $1,533
- Operating Exp
- 1533
- Net Operating Income
- $45,965
- Units
- 4
- Project Type
- Four Plex
- Construction
- Block
- Roofing
- Comp Shingle
- Parking
- >1 Space Per Unit, Add'l Parking Avail, Paved Parking, Street Parking
- Cooling
- Central A/C, Electric
- Heating
- Electric
- Floors
- Ceramic Tile, Vinyl
- Interior Amenities
- Other (See Remarks)
- Exterior Amenities
- Patio/Balcony
- Zoning
- Multi
- Subdivision
- Indian Arms
- Community Amenities
- See Remarks
- Electric
- SRP
- Gas
- None
- Water
- City Franchise
- Sewer
- Sewer - Public
- Tenant Pays
- Electric
- New Financing
- 1031 Exchange, Conventional, CTL, FHA, VA
- School District
- Mesa Unified District
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Listing courtesy of ATLAS AZ, LLC.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.