This property is Off-Market

645 W 8th Street Building G
Mesa, AZ 85201 ·

4 Units · Multifamily For Sale

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Butterfield Park 4Plex

Price N/A Cap Rate 10.10%
No. Units 4 Gross Rent Multiplier 5.88
Building Size 3,088 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Duplex/Triplex/Fourplex Year Built 1981
Property Use Type Investment Lot Size 5,162 SF
Commission Split 2.5% APN / Parcel ID 135-23-059
Listing ID: 15293192 Date Created: 08/17/2007 Last Updated: 04/16/2009

Description

SHORT SALE was approved AT $190K!!!!! Need new buyer! Highly desired 80's built fourplex in a great rental neighborhood! Property features ALL LARGE 2 Bdrm/2Bath UNITS with washer/dryer hookups and covered parking. Rents are below the market of $700 (ranging from $600 to $645 depending on lenghth of tenancy). HOA takes care of the landscaping & water/trash making this a TRUE ARM CHAIR INVESTMENT in a great residential area in the PREFERED SECTION of MESA!. This property also qualifies for easy residential financing! Please don't walk the property or disturb the tenants - drive by only. Buyer to verify all measurements, zoning, financials and any item of concern prior to close of escrow. Listing broker specializes in short sale negotiations on multi-plex properties and has a 95% acceptance rate.

Best location in Butterfield Park! Located in the front of the complex, and right on 8th street - this is the building you see first and rents with just a sign due to it's location near the school on the moderately traveled 8th Street. Butterfield Park is a small complex of 4 plexes, located in Northwest Mesa, just 1 mile South of the Loop 202 Freeway providing easy access to all valley entertainment and employment venues. Also close by is the Mesa Country Club, Hokokum Baseball Park, Banner Mesa Hospital, Westwood HS, Carson JR High and Mesa Community College.

Highlights

  • Short Sale
  • All two bedroom/two bath units!
  • Covered parking
  • Washer/dryer hookups
  • 80's built

Research

645 W 8th Street Building G, Mesa, AZ 85201 (Maricopa County)

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