959 W 8TH Place new Save Request In-Person Tour Request Virtual Tour
Mesa,AZ 85201
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Country Club Village Replat Lot 1-5, 13-16
MLS Listing ID 6894114
Maintenance Fees $3,259
Year Built 1970
Annual Tax Amount $1,110
Tax Year 2024
Lot Dimensions 8254
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Four at 8th Place, these two side-by-side duplexes sit on separate parcels in a sought-after corridor near Downtown Mesa. Each building has been fully remodeled with updated kitchens, appliances, flooring, and HVAC systems. Tenants enjoy private yards, in-unit laundry, and carport parking. With combined rents of $6,485/month and long-term tenancy in place, this low-maintenance asset delivers immediate yield with additional value through rent increases. The location provides strong rental demand with convenient access to Tempe and the Loop 202. A rare opportunity to acquire two side-by-side duplexes on separate parcels in one of Mesa's most rapidly growing submarkets.Unit mix per side is a 3 bedroom 2 bath in each and a 2 bedroom 2 bath per building. Located just minutes from Downtown Mesa, Tempe, Mesa Riverview, and the Loop 202 Freeway, this offering delivers a stable, income-generating asset with long-term upside potential in a highly location.
Both properties 947-959 W 8th Placehave been thoughtfully remodeled and professionally maintained by the same ownership since 2016. Each unit is individually metered, includes in-unit washer and dryer, and has seen key improvements such as new appliances, updated bathroom fixtures, ceiling fans, fresh paint, and new HVAC systems.
The current rental income across the four units totals $6,485 per month, with consistent tenancy and limited turnover, a testament to the quality of the units and location. Renovations were completed shortly after acquisition, and further enhancements have been made between tenancies, allowing investors to step into a turn-key portfolio with low immediate capital requirements.
At 947 W 8th Place, Unit A is leased at $1,915 per month to a long-term tenant. The unit has undergone interior upgrades including updated appliances and a new AC system in 2021. Unit B rents for $1,350 and was similarly remodeled upon acquisition.
At 959 W 8th Place, Unit A is leased at $1,570 and has only had two tenants since 2016, demonstrating exceptional stability. Unit B, currently rented at $1,650, includes recent upgrades and a brand-new AC system installed in 2024.
This is
Location
State AZ
County Maricopa
Community Country Club Village Replat Lot 1-5, 13-16
Zoning Multi
Interior
Heating Electric
Cooling Electric
Flooring Carpet,Ceramic Tile
Appliance Refrigerator
Exterior
Parking Features Carport
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Mesa Unified District
Others
Senior Community No
Tax ID 135-22-059
Acceptable Financing Conventional
Listing Terms Conventional