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Sold on 11/20/2018
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645 N Cherry --, Mesa, AZ 85201

  • $375,000

    Last sold 11/20/2018 after 42 Days

  • 8

    bed

  • 4

    bath

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

About 645 N Cherry --

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
Great income producing property with a good cap rate that stays rented with long term tenants. Same owners for 10 years. Owners are proud to say they have the same nice, loyal and long term tenants. Leases are month to month and rents can be increased. All units are 2 bedroom 1 bath. Currently two units are rented at $700/month. One units at $610. One unit rents at $630. There is no HOA. Single Level units. New roof in approx. 2014. The tenants enjoy off street parking and small patios.The units are nice inside with tile and carpet. Great Mesa location close to shopping, dining, entertainment and freeway access. Drive by only. Do not walk the property. Do not disturb the tenants.
Listed by
Listing Agent - Heather L Cates
Listing Office - The Real Estate Firm
Source: ARMLS mls logo
MLS#5830779 • last updated 6 years ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Central Air
Heating Electric
MLS # 5830779
Type Multiple Dwellings
Status Closed
Property Tax 1446
Year Built 1963
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range
Exterior
Roof Composition
Construction Painted, Block
Parking <1 Space Per Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Other, See Remarks
Elementary School Other
Elementary School District Mesa Unified District
Middle School Other
High School District Mesa Unified District
APN 135-23-011-Z
Zoning MF
Directions US 60 And Country Club, Right On Country Club, Left On 6th St., Right On Cherry. Property On The Right.
Multifamily Details
Total # of Units 4
Expense: Operating 5675
Financial Data Source Owner
Expense: Insurance 1250
Net Operating Income 26005
Gross Income 31680
Expense: Water/Sewer 2379
Gross Scheduled Income 31680
Expense: Gardener 600
We are not permitted to show value estimates for this property.
  • Nov 2018
    mls logo MLS # 5830779
  • Nov 20, 2018 Sold
    $375,000
  • Oct 9, 2018 Listed
    $375,000 (+31.6%)
  • Nov 2018
    Public Records
  • Nov 16, 2018 Sold
    $375,000
  • Oct 2006
    Public Records
  • Oct 4, 2006 Sold
    $285,000
  • 645 N Cherry --
    $375K
  • Comite de Families en Accion
    $299K -30% y/y
  • 85201
    $285K -21% y/y
  • Mesa
    $495K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Emerson 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
Carson Junior High School
public Grades 7-8
Mesa Unified School District
3/10
Westwood High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 645 N Cherry --
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