462 E 9th Ave., Mesa, AZ 85204

462 E 9th Ave., Mesa, AZ 85204
Photo 1 of 1
$540,000
Sold on 1/08/21
Beds Baths Sq. Ft. Taxes Built
0.00 0 $1,457 1984
On the market: 34 days
View full details, 15 photos, school info, and price history
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.
Listing courtesy of John Rendler, Desert Holdings Property Management