834 N CHERRY 1, Mesa, AZ 85201 (MLS# 7012894)

834 N CHERRY 1, Mesa, AZ 85201

$717,500
Property Type: Multiple Dwellings Status: Active
Current Price: $717,500 Last Modified: 4/12/2026

Overview

Description

**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~

Supplements: 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

Listing Details MLS# 7012894

Location, Tax & Legal

House Number
834
Compass
N
Street Name
CHERRY
St Suffix
--
City/Town Code
Mesa
State/Province
AZ
Zip Code
85201
Zip4
7645
County Code
Maricopa
Assessor Number
135-17-008-H
Tax Year
2025
Unit #
Yes
Building Number
Yes
Assessor's Map #
17
Legal Description (Abbrev)
E2 OF FOLL DESC PROP W2 SW4 NE4 SEC 16 EX W 520.5F & EX S 173F & EX N 990F & EX N 36F RD TOG W/ S 17
Assessor's Parcel #
8
Assessor Parcel Ltr
H
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
421102
Taxes
1533
Legal
E2 OF FOLL DESC PROP W2 SW4 NE4 SEC 16 EX W 520.5F & EX S 173F & EX N 990F & EX N 36F RD TOG W/ S 17
Marketing Name
COMPELLING Opportunity!

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Irregular
Year Built
1984
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
RM-3
Elementary School District
Mesa Unified District
High School District
Mesa Unified District
Elementary School
Emerson Elementary School
Jr. High School
Taylor Junior High School
High School
Westwood High School

Remarks Misc

Cross Street
Country Club & 8th ST
Directions
West on 8th Street to Date and turn Right to Cherry

Legal Info

Township
1N
Range
5E
Section
16
Lot Number
N/A

Income Expenses

Gross Annual Sch Inc
55560

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1150
Avg SqFt
820
# Baths
Yes

Contact Info

List Agent Home Phn
602-795-0341

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Board & Batten Siding
Yes
Painted
Yes
Brick Veneer
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
900
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
3100
Annual Trash Exp
696
Annual Wtr/Swr Exp
1908
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
300
Operating Exp
8437
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
55560
Total Monthly Rental Income
2515

Pmt & Rate Info

Equity
717500
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Free-Standing Electric Oven
Yes
Microwave
Yes
Refrigerator
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Board & Batten Siding; Painted; Brick Veneer Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Heat Pump Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: CTS Realty
IDX
Last Updated: April - 12 - 2026
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