Skip To Content

501 E 8th Avenue

Mesa, AZ 85204
  • $599,900
  • STATUS: Active
  • ON SITE: 121 Days
  • MLS #: 6405515
UPDATED: 67 min ago
$599,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

TENANTS PAY WATER AND ELECTRIC! Long Term Tenants! Strong Rental Area! Central location! Close to Entertainment , shopping, and Employment opportunities with the light rail a short walk away. This is a great investment opportunity with single family homes and multi-family properties on the same street. These units are 2 bedroom/1 bath homes, tile, a community laundry area, and off street parking. NEW ROOF AND AC UNITS replaced in 2019! Do not miss the growth coming to Arizona. Current rents are below market - value add opportunity. The tenants are all month to month, rents can be increased with new tenants or substantial increase with unit remodels. Do not disturb the tenants. NO SIGN ON PROPERTY-DRIVE BY ONLY

Monthly Payment Calculator



Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-24T18:15:57.267.
www.yournextphoenixhome.com/homes/129142568
Print Image

501 E 8th Avenue Mesa, AZ 85204

  • Price: $599,900
  • Status: Active
  • On Site: 121 Days
  • Updated: 67 min ago
  • MLS #: 6405515
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1981
Built
County:
Maricopa
Area:
Mesa
Elementary School:
Holmes Elementary School
Middle School:
Mesa Junior High School
High School:
Mesa High School
School District:
004 - Mesa Unified District
Property Description
TENANTS PAY WATER AND ELECTRIC! Long Term Tenants! Strong Rental Area! Central location! Close to Entertainment , shopping, and Employment opportunities with the light rail a short walk away. This is a great investment opportunity with single family homes and multi-family properties on the same street. These units are 2 bedroom/1 bath homes, tile, a community laundry area, and off street parking. NEW ROOF AND AC UNITS replaced in 2019! Do not miss the growth coming to Arizona. Current rents are below market - value add opportunity. The tenants are all month to month, rents can be increased with new tenants or substantial increase with unit remodels. Do not disturb the tenants. NO SIGN ON PROPERTY-DRIVE BY ONLY
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 68.02X128.57X68.02X128.57 Parking >1 Space Per UnitFreePaved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 600 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/Range Cooling Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric Interior Amenities Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 700.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 42336.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Other Cross Street Mesa Dr/Southern Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 43200.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalFhaVa Operating Exp 1000.00 Other Income 0.00 Owner Pays None Project Type Tri-Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Maricopa - County Taxes 1000.00 Tenant Pays ElectricSewerTrashWater Vacancy Allowance 0.02 Water City Franchise Zoning Mh

Arizona Regional MLS logo Listing provided by Hc Realty: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2022-09-24T18:15:57.267.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6405515-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6405515-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6405515-2.jpg
Logo
Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206