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Sold on 01/09/2021

462 E 9th Ave, Mesa, AZ 85204

  • $540,000

    Last sold 01/09/2021 after 35 Days

  • 7

    bed

  • 4

    bath

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

About 462 E 9th Ave

Property type Multi-family
Neighborhood
Year built 1984
HOA fee $0/month
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.
Listed by
Listing Agent - John Rendler
Listing Office - Desert Holdings Property Management
Source: ARMLS mls logo
MLS#6168386 • last updated 1 year ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Heat Pump
Heating Heat Pump, Electric
MLS # 6168386
Type Multiple Dwellings
Status Closed
Property Tax 1457
Year Built 1984
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision MILLETTS GREEN ACRES
Community Features No Pool
Elementary School District Mesa Unified District
High School District Mesa Unified District
APN 139-30-027-B
Zoning M-H
Directions North On Mesa Drive Then East On 9th Avenue To Building Located On North Side Of 9th Avenue.
Multifamily Details
Total # of Units 4
Expense: Operating 3907
Financial Data Source Owner
Net Operating Income 25443
Gross Income 29350
Expense: Water/Sewer 1150
Gross Scheduled Income 29350
Expense: Gardener 1300
We are not permitted to show value estimates for this property.
  • Jan 2021
    mls logo MLS # 6168386
  • Jan 8, 2021 Sold
    $540,000
  • Dec 6, 2020 Listed
    $540,000
  • 462 E 9th Ave
    $540K
  • 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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