409 E 9TH Avenue, Mesa, AZ 85204

$770,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $770,000 Last Modified: 1/11/2023

Overview

Description

Great Income property in Mesa, Az,

Listing Details MLS# 6453205

Location, Tax & Legal

Map Code/Grid
R39
House Number
409
Compass
E
Street Name
9TH
St Suffix
Avenue
City/Town Code
Mesa
State/Province
AZ
Zip Code
85204
Zip4
4100
Country
US
County Code
Maricopa
Subdivision
CLARKSON MANOR
Assessor Number
139-30-092
Tax Year
2021
Assessor's Map #
30
Legal Description (Abbrev)
TRACT A CLARKSON MANOR MCR 024333
Assessor's Parcel #
92
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421901
Taxes
1901
Legal
TRACT A CLARKSON MANOR MCR 024333
Marketing Name
4 plex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
14233
Year Built
1984
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
rm-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District

Status Change Info

Off Market Date
2022-10-05
Under Contract Date
2022-08-26
Close of Escrow Date
2022-10-14

Legal Info

Township
1N
Range
5E
Section
26
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
62400
Net Operating Income
56160

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1350
Avg SqFt
750
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Vinyl
Yes
Other
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Wtr/Swr Exp
4500
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
6401
Other Income
0
Vacancy Allowance
0.1
Adjusted Gross Inc
56160

Pmt & Rate Info

Cap Rate
7.39
Equity
760000
Down Payment %
25
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Vinyl; Other Sale Includes: Building(s) Only; Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Phone Call Lockbox Type: None New Financing: VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 11 - 2023
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