441 E 9th Ave Mesa, AZ 85204

Listing details for 441 E 9th Ave, Mesa, AZ 85204 : Back on the market Mesa 4plex with strong rents and an estimated 7.5 CAP! Property appraised, but buyer had qualifying issues. This will go quickly as it is well-maintained with all 2 bedroom units. Separate electric with 4 A/C units. Rarely a vacancy. Rents are $600/$600/$595/$585 and can be increased. M-T-M leases. The exterior has a tile roof, 1 story, and carport. Each unit has a washer/dryer, dishwasher, disposal, refrigerator, stove and all tile floors. The back unit has a large fenced backyard and all units have fenced yards. Local owner planning to retire. Expenses are projected at 35% of effective gross income, providing a current 7.5 CAP. Buyer to conduct and rely on own due diligence. Property sold ''as-is.'' 100% occupancy.