$452,500
Mesa, AZ 85201
MLS# 6082887
Status: Closed
1 / 10
Property Description
Here's the 4plex you've been looking for! Fantastic income producing property for sale with long term tenants in place. Rents have been adjusted regularly but there may be room for further adjustments. Large lot with plenty of room for tenants to park cars & even work trucks with trailers! Walking distance to Downtown Mesa, A's spring training facility, light rail, & the new ASU @ City Center! Each unit has it's own private gate courtyard, 2 spacious bedrooms, & one bath. Well maintained with up to date service records kept by the seller. On sight coin laundry produces an avg of $350 p/m with room for possible expansion. High demand area w/ lots of employment & new commercial development nearby. Drive by only, please do not disturb tenants. Showings will be allowed with accepted contract
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $452,500
Sold Price: $452,500
Status: Closed
List Date: 2020-05-19
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 9 KENT MANOR MCR 008910
Assessor's Parcel #: 70
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421001
Taxes: 1416
Legal: LOT 9 KENT MANOR MCR 008910
Marketing Name: KENT MANOR
Map Code/Grid: Q39
House Number: 50
Compass: W
Street Name: 7TH
St Suffix: Street
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5048
County Code: Maricopa
Subdivision: KENT MANOR
Assessor Number: 137-24-070
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 13912 SQ FT
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Eisenhower Center For Innovation
Jr. High School: Powell Junior High School
Year Built: 1963
Zoning: MULTI FAMILY
Legal Info
Range: 5E
Section: 15
Township: 1N
Lot Number: 9
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 1600
Annual Gas Exp: 1600
Annual Ins Exp: 2350
Annual Wtr/Swr Exp: 3300
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10266
Other Income: 4200
Vacancy Allowance: 0
Adjusted Gross Inc: 42600
Pmt & Rate Info
Cap Rate: 7.26
Equity: 465000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Tenant Pays
Gas: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
<1 Space Per Unit: 1
Electric
City Electric: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-284-6086
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 800
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 2
Seller Concession $/%: %
Remarks Misc
Cross Street: UNIVERSITY & CENTER STREET
Directions: North on Center left on 7th st to property
Geo Lat: 33.428037
Geo Lon: -111.833023
Status Change Info
Off Market Date: 2020-08-08
Under Contract Date: 2020-06-25
Close of Escrow Date: 2020-08-07
Sold Price: $452,500
Income Expenses
Gross Annual Sch Inc: 38400
Net Operating Income: 33750
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Disposal
Heating: Natural Gas
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: SW Gas
Parking Features: Carport; <1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric
Tenant Pays: Gas
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Weichert, Realtors-Home Pro Realty
Last Updated: April - 22 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.