Investment Summary
Super location near freeway and Downtown Mesa, 409 E 9th Ave, Mesa, Arizona, easy Light Rail access and the many amenities in Downtown such as the newly re-engineered Pioneer Park as well as all the new development along Main Street. These are all 2 Bedroom Units, Single Level with fenced individual backyards. Lots of opportunity here for increase in rental rate.
The Offering
Price: $424,900
Cap Rate: 6%
No. Unit: 4
Building Size: 3,040 SF
Year Built: 1984
APN: 139-30-092
Financial Summary
| Gross Rental Income | $35,280 |
| Effective Gross Income | $34,574 |
| Total Expenses | $9,063 |
| Net Operating Income | $25,511 |
Unit Mix
| Description | No. Units | Avg. Rent | SQ. FT. |
| 2 Bed 1 Bath | 4 | $735 | 760 |
409 E 9th Ave Mesa Arizona 85204
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