834 N Cherry -- Unit 1, Mesa, AZ 85201
- $699,000
- List Price
- $699,000
- Price Change
- ▼ $8,000 1782458636
- Days on Market
- 107
- Status
- ACTIVE
- MLS#
- 7012894
- City
- Mesa
- Year Built
- 1984
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~ 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
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Additional Information
- Elementary School
- Emerson Elementary School
- High School
- Westwood High School
- Middle School
- Taylor Junior High School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Brick Veneer, Board & Batten Siding
- Cooling
- Central Air, Electric, Varies by Unit, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile
- Heating
- Electric, Heat Pump
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Parking Features
- Open, >1 Space Per Unit
- Roofing
- Composition
- Taxes
- $1,533
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- RM-3
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Listing courtesy of CTS Realty.
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