$820,000
417 E 9TH Avenue
Mesa, AZ 85204
MLS# 5928901
Status: Closed



417 E 9TH Avenue, Mesa, AZ 85204
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417 E 9TH Avenue, Mesa, AZ 85204 417 E 9TH Avenue, Mesa, AZ 85204 417 E 9TH Avenue, Mesa, AZ 85204

Property Description
Super Location Near Freeway and Downtown Mesa, Easy Light Rail Access and the Many Amenities in Downtown Such As the Newly Re-engineered Pioneer Park as Well as All the New Development Along Main Street. These are All 2 Bedroom Units, Single Level with Fenced Individual Backyards and Courtyard Like Entrance Between Buildings. Lots of Opportunity Here. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction. Please Do Not Walk Property or Disturb Tenants in Any Way.

Details
Maps
Contract Info
Current Price: $820,000
Sold Price: $820,000
Status: Closed
List Date: 2019-05-21
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R39
House Number: 417
Compass: E
Street Name: 9TH
St Suffix: Avenue
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85204
Zip4: 4144
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 9 CLARKSON MANOR LOT 1-9 TR A-B MCR 024333
Subdivision: CLARKSON MANOR LOT 1-9 TR A-B
Assessor's Map #: 30
Assessor's Parcel #: 91
Add'l Parcels: Yes
Assessor Number: 139-30-091
Legal: LOT 9 CLARKSON MANOR LOT 1-9 TR A-B MCR 024333
Census Tract: 421901
Tax Municipality: Mesa
Tax District: 04
Taxes: 3275
Tax Year: 2018
Marketing Name: 8 Single Level Units
General Property Description
Lot Size Dimensions: IRR
Year Built: 1984
Uncvrd Parking Spcs: 4
Total # of Units: 8
# of Buildings: 2
Zoning: R-3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: Mesa Dr./Southern Ave.
Directions: North from Southern to 9th Ave and Turn East. 1st 2 Buildings on South Side of 9th AVE
Geo Lat: 33.398425
Geo Lon: -111.82242
Status Change Info
Status Change Date: 2020-01-28
Off Market Date: 2020-01-28
Under Contract Date: 2019-12-20
Close of Escrow Date: 2020-01-27
Sold Price: $820,000
Legal Info
Township: 1N
Range: 5E
Section: 26
Lot Number: 9
Income & Expenses
Annual Ins Exp: 2162
Annual Landscape Exp: 600
Annual Maint Exp: 3600
Annual Trash Exp: 800
Annual Wtr/Swr Exp: 7000
Owner Association: No
Operating Exp: 17437
Gross Annual Sch Inc: 70560
Vacancy Allowance: 0.02
Adjusted Gross Inc: 69148.8
Net Operating Income: 51711
Pmt & Rate Info
Cap Rate: 6.27
Equity: 825000
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 825
Avg SqFt: 760
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Tile
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; W/D Hookup
Cooling: Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: City Electric
Gas: None
Parking: Carport; >1 Space Per Unit; Assigned
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma
Special: Incorporated Area
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: January - 28 - 2020

417 E 9TH Avenue, Mesa, AZ 85204 - MLS# 5928901
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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