834 N CHERRY -- # 1 Mesa, AZ $ 717,500
834 N CHERRY -- # 1
$ 717,500
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834 N CHERRY -- # 1

Mesa, AZ, 85201
$ 717,500
Baths0.0

Monthly Estimate*

$ 4,418

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Studio

Multi-Family Home for sale in Mesa, AZ

for $717,500. This home was built in 1984.

**WELL-MAINTAINED, TURN-KEY** 4-Plex with NO HOA is located in a HIGH-DEMAND, QUITE Mesa neighborhood~The property is PROFESSIONALLY-MANAGED, has LONG-TERM Tenants, resulting in LOW vacancy-rates and REDUCED operating-expenses~ALL (4) units are 2 bed/1 bath, and are individually-metered for electricity~LINEAR parking provides, TWO vehicle-spaces per unit~The ground-floor units include PRIVATE-ENCLOSED yard-areas, two units are FULLY-REMODELED and the other two are UPDATED~The property location offers Tenants a suburban-feel with convenient access to modern amenities such as - Mesa Riverview, Mesa Grand , Superstition Springs and Tempe Marketplace - Westwood High School, Mesa Community College and ASU - Tempe Campus are also nearby~ 101 and 202 interchange, Phoenix Sky Harbor, Mesa Gateway airports, are all close, for easy commuting and traveling~Long-term Tenants have rents "relatively below-market," creating a potential opportunity for value-enhancement in a submarket where renovated and updated units are leasing for OVER $1,375 to $1,500

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Multi-Family Active

Price

$ 717,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,533

Style

Multiple Dwellings

Year Built

1984

Town/City

Mesa

County/Region

Maricopa

MLS | Web ID

7012894

Features
General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Central Air Ceiling Fan(s) Electric Individual
Roof Composition
Zoning RM-3
Construction Materials Brick Veneer Board & Batten Siding Wood Frame Painted
Year Built 1984
Electric SRP Individual Meter
Township 1N
Unit Number 1
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 55560.0
Community Features No Pool
County Maricopa
Net Operating Income 0.0
Operating Expense 8437.0
Insurance Expense 0.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Garage Y/N N
Status Active
Directions West on 8th Street to Date and turn Right to Cherry
High School Westwood High School
City Mesa
Disclosures Seller Prop Disc Stm
High School District Mesa Unified District
Open Parking Spaces 4.0
Number Of Units Total 4
Carport Y/N N
Elementary School Emerson Elementary School
Tax Annual Amount 1533.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Taylor Junior High School
Trash Expense 696.0
Water Sewer Expense 1908.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Mesa Unified District
Tax Lot N/A
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Free >1 Space Per Unit
Water Source Master Meter City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions Irregular
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 834
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* Excluded Features
List By
Cts Realty

Broker

sherry@ctsrealty.com

Email

Affordability Calculator

$4,546
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,418
Monthly Property Taxes
$128
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327578 Elementary School
4327599 Middle School
Westwood High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2026$717,500 Listed Price

Map


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834 N CHERRY -- # 1, Mesa, AZ, 85201 is a Multi-Family Home for sale at $717,500. 834 N CHERRY -- # 1 is a studio with 0.0 baths and was built in 1984. The property's zip code is 85201 which is in Mesa, AZ