Search Entire MLS By Map Or Your Own Search Criteria
$645,000
Mesa, AZ 85203
MLS# 6693384
1 / 23
Property Description
Nestled in the vibrant city of Mesa, Arizona, just minutes away from the bustling neighborhoods of Tempe and Scottsdale, this property presents a lucrative investment opportunity. Boasting two separate units, each offering spacious living arrangements, this property is perfect for investors seeking a steady income stream or homeowners looking to capitalize on the rental market. Consisting of two distinct units, each featuring three generously sized bedrooms and a well-appointed bathroom, this property offers ample living space for tenants or residents. Whether you're a seasoned investor or a first-time buyer, this property offers endless possibilities for financial growth and prosperity. Seize the chance to own a piece of Arizona's thriving real estate market!
Details
Maps
Contract Info
Current Price: $645,000
List Price: $645,000
Status: Active
List Date: 2024-04-17
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: $
Location, Tax & Legal
House Number: 1137
Compass: N
Street Name: WEDGEWOOD
St Suffix: Circle
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85203
Zip4: 4786
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 163 ENCHANTED VILLAGE MCR 010714
Subdivision: ENCHANTED VILLAGE
Assessor's Map #: 32
Assessor's Parcel #: 269
Add'l Parcels: No
Assessor Number: 137-32-269
Legal: LOT 163 ENCHANTED VILLAGE MCR 010714
Census Tract: 420901
Tax Municipality: Mesa
Taxes: 957
Tax Year: 2023
Marketing Name: Enchanted Village
General Property Description
Lot Size Dimensions: 8546
Year Built: 1970
Uncvrd Parking Spcs: 8
Total # of Units: 2
# of Buildings: 1
Zoning: Multi-Family
Flood Zone: No
Elementary School: Kerr Elementary School
Jr. High School: Kino Junior High School
High School: Westwood High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: N Home and E Brown Rd
Directions: From Home, head west on east Brown Rd. Turn right onto north Wedgewood Cir. Property will be on the right.
Geo Lat: 33.436121
Geo Lon: -111.817213
Status Change Info
Status Change Date: 2024-04-18
Legal Info
Township: 1N
Range: 5E
Section: 14
Lot Number: 163
Income & Expenses
Owner Association: No
Operating Exp: 957
Gross Annual Sch Inc: 55200
Vacancy Allowance: 0.01
Adjusted Gross Inc: 54648
Net Operating Income: 40225.68
Pmt & Rate Info
Cap Rate: 6.24
Equity: 645000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2300
Avg SqFt: 874
# Baths: 2
Property Features
Project Type: Duplex
Construction: Frame - Wood; Brick
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Other
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Separate Storage
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; W/D Hookup
Cooling: Ceiling Fan(s); Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric; Individual Meter
Gas: None
Parking: Carport; <1 Space Per Unit; Add'l Parking Avail; Paved Parking
Roads/Streets: Asphalt; Concrete
Owner Pays: Water
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Mech-box / Combo; None
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Real Broker
Last Updated: April - 26 - 2024
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.