$650,000
Mesa, AZ 85201
MLS# 6936505
Status: Pending
1 / 18
Property Description
The property consists of 4 large two bedroom / one bathroom units, each with large fenced patios. The property has been well maintained by a long-term owner and is occupied by long-term tenants, with WELL BELOW MARKET RENTS. While not necessary, this property is a great candidate for a full renovation.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $650,000
List Price: $650,000
Status: Pending
List Date: 2025-10-21
Location, Tax & Legal
Assessor's Map #: 23
Legal Description (Abbrev): PT E2 NW4 SE4 SEC 16 DAF COM NW COR SD E2 NW4 SE4 TH S 420F TH N 88D 37M E 30F TPOB TH CONT N
Assessor's Parcel #: 69
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421102
Taxes: 1716
Legal: PT E2 NW4 SE4 SEC 16 DAF COM NW COR SD E2 NW4 SE4 TH S 420F TH N 88D 37M E 30F TPOB TH CONT N
Marketing Name: 719 N Cherry Fourplex
House Number: 719
Compass: N
Street Name: CHERRY
St Suffix: --
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 4820
County Code: Maricopa
Assessor Number: 135-23-069
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 134x80
Total # of Units: 4
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Year Built: 1963
Zoning: RM-3
Legal Info
Range: 5E
Section: 16
Township: 1N
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Other: 1
Const - Finish
Painted: 1
Other (See Remarks): 1
Roofing
Other: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1716
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Other: 1
Cooling
Other: 1
Tenant Pays
Electricity: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Landscaping: 1
Other: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 686
Avg SqFt: 988
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Country Club & Rio Salado Pkwy
Directions: West on Rio Salado to Cherry. South on Cherry to property on the East side of the street.
Geo Lat: 33.428292
Geo Lon: -111.845797
Status Change Info
Off Market Date: 2025-12-26
Under Contract Date: 2025-12-24
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame; Other
Const - Finish: Painted; Other (See Remarks)
Roofing: Other
Floors: Other
Sale Includes: Land & Building; Other (See Remarks)
Community Features: Other
Appliances Included: Other
Heating: Other
Cooling: Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Other
Road Surface Type: Asphalt
Owner Pays: Water; Landscaping; Other
Tenant Pays: Electricity
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office: ABI Multifamily
Last Updated: December - 26 - 2025
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