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543 W 9th Place Mesa, AZ 85201
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Key Details
Sold Price $495,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Indian Arms
MLS Listing ID 6149184
Sold Date 12/01/20
Maintenance Fees $7,800
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1963
Annual Tax Amount $1,532
Tax Year 2020
Lot Dimensions IRR
Property Description
543 West 9th Place is a four unit apartment building located in a growing North Mesa submarket. The building is comprised of four large 2 bedroom 1 bath units (900sf) which all already include washer/dryer hookups. Future ownership could benefit from an interior renovation program including new floors, cabinets, and appliances to realize upwards of a $350 monthly rent premium per unit. Average in-place rents are considerably below the highest proven rents for comparable units in the sub-market. income can also be realized through including a Utility Reimbursement program or RUBS across all units.
Location
State AZ
County Maricopa
Community Indian Arms
Zoning MULTI
Direction BETWEEN COUNTRY CLUB & ALMA SCHOOL. BROWN RD TURNS INTO DATE AND RUNS N-S. GO SOUTH TO 9TH PLACE, EAST TO PROPERTY.
Interior
Heating Electric
Cooling Electric
Appliance FS OvenRange, Refrigerator
Exterior
Community Features No Pool
Roof Type Composition
Total Parking Spaces 2
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-16-056-B
Acceptable Financing CTL, Conventional, 1031 Exchange
Listing Terms CTL, Conventional, 1031 Exchange
Financing Conventional
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Bought with ATLAS AZ, LLC
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