457 E 9th Avenue, Mesa, AZ 85204

$900,000
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Active
BEDS8 BATHS MLS#7064367
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCLARKSON MANOR SCHOOLMesa Unified District

Property Description

Investors dream**DO NOT DISTURB OCCUPANTS** Turn-key and cash-flowing 4 plex with updated 2 bed, 1 bath units. TILE ROOF, Townhouse style. Private yard and individual laundry room in each unit. All occupied. Built in 1986. 10,160 sqft lot, 6 covered and 6 uncovered parking spots.The current rents are:Unit 1: $1,530 (long term tenant 10+ years)Unit 2: $1,550 (lease ends August 31, 2026)Unit 3: $1,530 (long term tenant 10+ years)Unit 4: $1,650 (lease through Jun 30, 2027))Total of $6,260/month. Tenants never pay late. Tile floors throughout in all units. Each unit is separately metered for electricity. Tenants cover electricity, landlord pays water. There is a shed for storage could potentially be turned into office, or another unit. Last repair on the roof was 7/2026. Fresh exterior paint 10/2024Unit 1 has a new water heater in 2/2023 and AC condenser in 10/2020, Condenser Fan Motor AC 5/2026Unit 2 has a new dish washer and washer in 10/2022, water heater and garbage disposal in 2/2022 and dryer in 8/2020, inside fresh paint 2023, indoor fan motor (blower) AC in 7/2025, new wheel blower and capacitor in 7/2025.Unit 3 has a new fridge in 2/2020, new capacitor and TXV for AC in 7/2025Unit 4 has a new water heater in 1/2021 and garbage disposal in 10/2022, new Indoor fan motor AC in 11/2025, new vanity in 6/2026, inside fresh paint 2026.Low maintenance landscaping. Fresh paint. Lights with motion sesnsor in parking lot. Strong demand rental area. Situated in the heart of Mesa with easy access to dining, shopping, and major freeways. This is ideal for both seasoned investors and those entering the multi family market. Well-maintained.

457 E 9th Avenue | MLS# 7064367

This multi-family property located at 457 E 9th Avenue, Mesa, AZ 85204 is currently listed for sale with an asking price of $900,000. E 9th Avenue is located within the Mesa Unified District school district. Search Mesa real estate on www.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Heating: Electric
Roof Type: Tile, Composition
Taxes: $1,668
Year Built: 1986

Feature Descriptions

Community Features: Other
Days on Site: 8
Exterior: Wood Frame, Painted, Stucco
Flooring: Ceramic Tile
Parking: Carport, >1 Space Per Unit
Water: City Franchise

Local Schools

School District: Mesa Unified District

Listed By / Shown By

Listed By

Agency Name: Better Homes & Gardens Real Estate SJ Fowler
Agency Phone: 480-649-3536

Shown By

Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711

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Estimated Payment

$ 2,404.51 per month $2,003.01 Principal & Interest $139.00 Property Tax $262.50 Homeowner's Insurance

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