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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
Year Built 1963
Annual Tax Amount $1,533
Tax Year 2022
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
Exterior
Parking Features Paved Parking, Add'l Parking Avail, >1 Space Per Unit, Street Parking
Community Features See Remarks
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Acceptable Financing CTL, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms CTL, Conventional, 1031 Exchange, FHA, VA Loan
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