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$480,000
Mesa, AZ 85203
MLS# 6686923
1 / 23
Property Description
DUPLEX - Fully occupied! This investment opportunity holds 2 units (3 bed/2 bath, 1 bed/1 bath) with endless potential. Each unit comes with one parking space and plenty of street parking throughout the cul de sac. Leases through July 31, 2024. Current rents are well below market value with a high projected CAP Rate!
Details
Maps
Contract Info
Current Price: $480,000
List Price: $480,000
Status: Active
List Date: 2024-04-04
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1061-63
Compass: N
Street Name: JULY
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4759
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 117 ENCHANTED VILLAGE MCR 010714
Subdivision: ENCHANTED VILLAGE
Assessor's Map #: 32
Assessor's Parcel #: 223
Add'l Parcels: No
Assessor Number: 137-32-223
Legal: LOT 117 ENCHANTED VILLAGE MCR 010714
Census Tract: 420901
Tax Municipality: Mesa
Taxes: 1555
Tax Year: 2023
Marketing Name: Enchanted Village
General Property Description
Lot Size Dimensions: 6,996
Year Built: 1971
Total # of Units: 2
# of Buildings: 1
Zoning: R3
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Geo Lat: 33.434931
Geo Lon: -111.819082
Status Change Info
Status Change Date: 2024-04-04
Legal Info
Township: 1N
Range: 5E
Section: 14
Lot Number: 117
Income & Expenses
Owner Association: No
Operating Exp: 1555
Gross Annual Sch Inc: 2700
Vacancy Allowance: 0.01
Adjusted Gross Inc: 2673
Totl Mnth Rntal Inc: 2700
Net Operating Income: 25980
Pmt & Rate Info
Cap Rate: 5.41
Equity: 480000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 860
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1295
Avg SqFt: 1100
# Baths: 2
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Painted; Brick Trim/Veneer
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Payment Includes: Principal; Interest; Taxes; Insurance
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Parking: Carport; Street Parking
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: April - 18 - 2024
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