959 W 8th Place $525,000 must be sold with 947 W 8th PL for $525,000 each total 1,050,000.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.… Read More 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 Read Less
Courtesy of Grace CRE 602-975-5516
Listing Snapshot
Days Online
18
Last Updated
Property Type
Multiple Dwellings
Year Built
1970
MLS Number
6894114
30 Days Snapshot Of 85201
$389k
+1%
(avg) sold price
27
0%
homes sold
84
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Refrigerator"
Building
Built in 1970, Construction materials: "Painted", "Brick", 2 total units
Cooling
"Electric"
Expenses
Insurance: $1,600, Maintenance: $3,259, Water sewer: $2,670
Floors
"Carpet", "Ceramic Tile"
Heating
"Electric"
Parking
"Carport", 3 total parkings
Property
Zoning: Multi
Roof
"Composition"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,110, Lot: 1
Utilities
"SRP", "Individual Meter"
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