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Ken Nelson

ken.nelson@engelvoelkers.com +1(520) 367-7588

$ 525,000

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947 W 8TH Place Mesa, AZ 85201

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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 6894127

Maintenance Fees $3,260

Year Built 1971

Annual Tax Amount $1,064

Tax Year 2024

Lot Dimensions 8254

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

947 & 959 W 8th Place | Mesa, AZ Referred to as 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.

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 135-22-060

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Grace CRE

Ken Nelson

Advisor | License ID: SA687208000

+1(520) 367-7588

Ken Nelson

947 W 8TH Place Mesa, AZ 85201

Key Details

Location

Interior

Exterior

Building

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947 W 8TH Place