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Sold on 05/12/2016

441 E 9th Ave, Mesa, AZ 85204

  • $245,000

    Last sold 05/12/2016 after 118 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
24 homes bought nearby with Movoto recently

About 441 E 9th Ave

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Property description
Back on the market Mesa 4plex with strong rents and an estimated 7.5 CAP! Property appraised, but buyer had qualifying issues. This will go quickly as it is well-maintained with all 2 bedroom units. Separate electric with 4 A/C units. Rarely a vacancy. Rents are $600/$600/$595/$585 and can be increased. M-T-M leases. The exterior has a tile roof, 1 story, and carport. Each unit has a washer/dryer, dishwasher, disposal, refrigerator, stove and all tile floors. The back unit has a large fenced backyard and all units have fenced yards. Local owner planning to retire. Expenses are projected at 35% of effective gross income, providing a current 7.5 CAP. Buyer to conduct and rely on own due diligence. Property sold ''as-is.'' 100% occupancy.
Listed by
Listing Agent - James C Stephens
Listing Office - RE/MAX Platinum Living
Source: ARMLS mls logo
MLS#5383734 • last updated 5 years ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Electric, Individual, 2 Or More Units
Heating Electric
MLS # 5383734
Type Multiple Dwellings
Status Closed
Property Tax 1316
Year Built 1986
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Roof Tile
Construction Wood Frame, Painted, Stucco
Parking Paved, >1 Space Per Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Other
Elementary School District Mesa Unified District
Middle School Other
High School District Mesa Unified District
High School Other
APN 139-30-087
Zoning R-3
Directions North On Mesa, East On 9th Ave, Go 1/4 Block.
Multifamily Details
Total # of Units 4
Expense: Operating 11012
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.03
Net Operating Income 18007
Gross Income 27703.2
Expense: Other 9696
Gross Scheduled Income 28560
We are not permitted to show value estimates for this property.
  • May 2016
    mls logo MLS # 5383734
  • May 12, 2016 Sold
    $245,000
  • 441 E 9th Ave
    $245K
  • East Mesa
    $499K
  • 85204
    $425K +1% y/y
  • Mesa
    $489K -2% y/y
No chart available
Statistics calculated by Movoto

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1/10
Holmes Elementary School
public Grades PK, K-6
Mesa Unified School District
6/10
Franklin West Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
2/10
Kino Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Mesa High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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