$717,500
Mesa, AZ 85201
MLS# 7012894
1 / 30
Property Description
**WELL-MAINTAINED, TURN-KEY** 4-Plex with NO HOA is located in a HIGH-DEMAND, QUITE Mesa neighborhood~The property is PROFESSIONALLY-MANAGED, has LONG-TERM Tenants, resulting in LOW vacancy-rates and REDUCED operating-expenses~ALL (4) units are 2 bed/1 bath, and are individually-metered for electricity~LINEAR parking provides, TWO vehicle-spaces per unit~The ground-floor units include PRIVATE-ENCLOSED yard-areas, two units are FULLY-REMODELED and the other two are UPDATED~The property location offers Tenants a suburban-feel with convenient access to modern amenities such as - Mesa Riverview, Mesa Grand , Superstition Springs and Tempe Marketplace - Westwood High School, Mesa Community College and ASU - Tempe Campus are also nearby~
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $717,500
List Price: $717,500
Status: Active
List Date: 2026-04-11
Location, Tax & Legal
Unit #: 1
Building Number: 1
Assessor's Map #: 17
Legal Description (Abbrev): E2 OF FOLL DESC PROP W2 SW4 NE4 SEC 16 EX W 520.5F & EX S 173F & EX N 990F & EX N 36F RD TOG W/ S 17
Assessor's Parcel #: 8
Assessor Parcel Ltr: H
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 1533
Legal: E2 OF FOLL DESC PROP W2 SW4 NE4 SEC 16 EX W 520.5F & EX S 173F & EX N 990F & EX N 36F RD TOG W/ S 17
Marketing Name: COMPELLING Opportunity!
House Number: 834
Compass: N
Street Name: CHERRY
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 7645
County Code: Maricopa
Assessor Number: 135-17-008-H
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: Irregular
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Emerson Elementary School
Jr. High School: Taylor Junior High School
High School: Westwood High School
Year Built: 1984
Zoning: RM-3
Legal Info
Range: 5E
Section: 16
Township: 1N
Lot Number: N/A
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Board & Batten Siding: 1
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 900
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 3100
Annual Trash Exp: 696
Annual Wtr/Swr Exp: 1908
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 300
Operating Exp: 8437
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 55560
Total Monthly Rental Income: 2515
Pmt & Rate Info
Equity: 717500
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-795-0341
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 820
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Country Club & 8th ST
Directions: West on 8th Street to Date and turn Right to Cherry
Geo Lat: 33.430072
Geo Lon: -111.84617
Income Expenses
Gross Annual Sch Inc: 55560
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Board & Batten Siding; Painted; Brick Veneer
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Supplements
101 and 202 interchange, Phoenix Sky Harbor, Mesa Gateway airports, are all close, for easy commuting and traveling~Long-term Tenants have rents "relatively below-market," creating a potential opportunity for value-enhancement in a submarket where renovated and updated units are leasing for OVER $1,375 to $1,500
Listing Office: CTS Realty
Last Updated: April - 12 - 2026
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