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 6894115
Maintenance Fees $6,519
Year Built 1971
Annual Tax Amount $2,174
Tax Year 2024
Lot Dimensions 16971
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Both properties 947-959 W 8th Place—have 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 an increasingly rare chance to own larger duplexes with separate APNs in a high-demand rental corridor, offering immediate cash flow and long-term appreciation in a market with limited comparable inventory. Whether you're a seasoned investor or building a portfolio, Four at 8th Place delivers on location, performance, and potential.
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 Free-Standing Range
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, 1031 Exchange, VA Loan
Listing Terms Conventional, 1031 Exchange, VA Loan
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