947 & 959 W 8TH Place

Mesa, AZ 85201

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 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.

Listing courtesy of Grace CRE.



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Last checked: 2025-07-18 01:30 PM UTC