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462 E 9TH Avenue Mesa, AZ 85204
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Key Details
Sold Price $540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Milletts Green Acres
MLS Listing ID 6168386
Sold Date 01/08/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1984
Annual Tax Amount $1,457
Tax Year 2020
Lot Dimensions 10,185 SF
Property Description
Well maintained, turn key 4-unit single level building built in 1984 and building is 2,944 SF with an average of 736 SF for three 2 bedroom 1 bath units and 700 SF for one 1 bedroom 1 bath with separate office/den. Building is located on .234 acres and has 8 uncovered parking spaces. Tenants pay for electric and garbage, Owner pays water. Current Owner/Broker has owned and managed the building for 27+ years. Building is fully leased with long-term stable tenants. Upside potential on rental income as last unit was rented 2 years ago at $811.00/month. Area market rents for 2 bedroom apartments range from$975-$1025 and $900-$950 for 1 bedroom apartments. Coin-op laundry room on site for tenant use, monthly income of ~$50.
Location
State AZ
County Maricopa
Community Milletts Green Acres
Zoning M-H
Direction North on Mesa Drive then East on 9th Avenue to building located on North side of 9th Avenue.
Interior
Heating Heat Pump, Electric
Cooling Heat Pump, Ceiling Fan(s)
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator
Exterior
Community Features No Pool
Waterfront No
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Master Meter
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 139-30-027-B
Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA
Listing Terms No Carry, Conventional, 1031 Exchange, FHA
Financing FHA
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